Shareholders Approve New Capital Raising For Custodian Investment
Shareholders of Custodian Investment Plc have authorized the board of the company to raise additional capital as…
Yearly Archives
2022
Nigeria Generates $868m From Gas Export In 2021
The NNPC has revealed that the country recorded about $868.5 million or N361.43 billion from gas export in…
NNPC Seeks Special Courts To Prosecute Oil Thieves, Others
The Group MD of the Nigerian National Petroleum Company Limited, Mele Kyari, has shown the House of…
Shareholders Lament As Nigerian Government Takes Over Unclaimed Dividend Trust…
Strong indications emerged yesterday that the Federal Government of Nigeria may have finally taken over the…
State Seeks To Cut Car Prices With VAT, Excise duty Scrap
The government is set to exempt locally assembled passenger cars from Value Added Tax and excise taxes. This is a…
Why Dollar Scarcity Persists In Africa, By IMF
The International Monetary Fund (IMF) has explained why dollar scarcity persists in emerging economies, especially…
Currency In Circulation Falls By N42.43bn In Two Months
CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of…
CBN Fines Three Banks N800m Over Crypto Transactions
The CBN of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country
The imposed fine was…
NLNG Witnessing Insufficient Gas Supply – FG
The Federal Government said that the existing trains of the Nigeria Liquefied Natural Gas company are…
CBDC Research To Intensify As 80% Of Central Banks Mull Projects Similar To ENaira
According to the Global Index retail in 2022 CBDC projects have reached greater maturity levels than wholesale…
Subscribers Groan as Telecoms Operators Begin Deactivation of SIM Cards Not Linked…
About 37 million telecoms subscribers across all networks have been affected by the recent order given to telecoms…
Food imports exceed exports by N2.23tn in 12 months
The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value…
Shell demands $1.15bn outstanding cash-calls, other debts
Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, stated this in his…
UK prevents use of private jet linked to Russian oligarchs
British transport minister Grant Shapps said on Saturday he has prevented the use of another private jet that has…
Fed Govt new borrowings rise by 278.03% in six years
The Federal Government’s new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021.
…
Nigeria issues new travel guidelines on COVID-19
A new international travel guideline has been issued by the Presidential Steering Committee (PSC) on COVID-19,…
FG grants three-year tax relief to 33 companies, bars 10 firms
The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial…
CBN imposes heavy sanctions on banks over mutilated notes
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with…
77.1 million identity numbers issued as NIN-SIM registration ends today
The National Identity Management Commission (NIMC) has issued 77.1 million unique National Identification Numbers…
US Embassy in Abuja begins interview waiver for visa renewals
The United States Embassy in Abuja says it will begin processing certain non-immigrant visa renewal applications…
World Bank suspends Nigerian firm, MD for bribery
THE World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions…
Russia-Ukraine war: Oil hits $114, OPEC laments seven million bpd loss
Brent, the crude against which Nigeria’s oil is priced, moved up in price to $114/barrel as at 4.34pm Nigerian…
Ogun launches N900m fund for business
OGUN State government has launched a N900m loan programme for Micro, Small and Medium Enterprises operating in the…
Police salary increment: Reps summon minister, accountant general, others
The House of Representatives’ Committee on Police Affairs has invited the Minister of Finance, Budget and National…
NAICOM bars undercapitalised insurers from new businesses, orders claims…
The National Insurance Commission has stopped some insurance firms from taking new businesses.
It also placed a…
Poor Nigerians to hit 95.1m in 2022, says World Bank
THE World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty…
Exports to India in Q4 2021 valued at N875 billion – NBS
In a statement obtained from the National Bureau of Statistics (NBS), the largest exported commodity to India was…
Marketers disagree with depot owners over petrol price hike
THE Independent Petroleum Marketers Association of Nigeria has criticised private depot owners over the recent…
Ukraine resumes evacuations after Russian ‘provocations’
Ukraine said Tuesday it had reopened humanitarian corridors and evacuated civilians from war-scarred regions after…
In China’s Shanghai, Bankers And Traders Sleep In Offices To Beat Covid…
More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui…