Tullow to Default on $2.5bn Debt Repayment
The Tullow Group has indicated that it may not be able to fully repay its US$2.5 billion notes outstanding which…
Day: March 28, 2023
Mail Services Firm Raises Charges 33pc
In response to high operating costs, MPost, a service that converts mobile phones into official postal addresses, has increased annual…
Equity net profit up 15% to record Sh46 billion.
As the most profitable lender in the area, Equity Group’s net profit for the year ended December 2022 increased by…
NIMC Requests a Revision of the Procurement Act.
Hadiza Dagabana, the National Identity Management Commission’s director of legal and regulatory affairs, has demanded that the Public Procurement Act…
Stock Market Value is Down by N622 billion.
Due to stock declines in several banking and telecom firms, investors lost N622 billion at the conclusion of trade. Moreover,…
Bank Credit to the Government Reaches N28.43 trillion
In the first two months of 2023, banks’ credits to the government increased by N3.77 trillion. According to data acquired…
Nigerians in Diaspora Fear that Hardship may Cause Remittances to Decline.
According to the research, the country received an estimated $21 billion in remittances, making it the largest recipient market in…
Egg Glut: Poultry Farmers Want Government Assistance
Lagos’ poultry farmers have complained about the market’s oversupply of eggs and asked the government to take the surplus off…
Emefiele Begs NLC to Halt the Protest over the Naira Shortage.
Godwin Emefiele, the governor of the Central Bank of Nigeria, appealed to Chris Ngige, the minister of labor and employment,…
Nigerian Banks will Increase the Individual Cash Withdrawal Cap to N100,000
According to some bank executives, commercial banks are planning to increase their cash withdrawal limits from the present N20,000–N50,000 range…
NNPC Releases 418 million More liters of Gasoline.
Even while the year-to-date daily average maintained at 64.94 million litres over the time period, the data revealed that 59…
Afreximbank, NEXIM, and FG Sign a $350,000 Agreement to Improve Water Transportation.
The Federal Ministry of Transportation, the Nigerian Navy, the African Export-Import Bank (Afreximbank), and the Nigerian Export-Import Bank (NEXIM) have…
Nigeria’s Money Supply Reaches N53tn in February 2023.
The amount of money in circulation in Nigeria increased to N53.3 trillion from N52.2 trillion at the start of the…
Mobile Subscriptions Increased to 226 million.
According to the Nigerian Communications Commission’s most recent industry figures, mobile subscriptions increased by 4.61 million to reach 226.84 million…