Nigeria: NNPCL to Boost Oil Reserves As Fresh Drilling Begins in Borno.
The Nigerian National Petroleum Company Ltd has resumed an oil drilling program in Wadi-B in Borno State’s Jere Local Government…
Day: May 24, 2023
AXA Mansard Increases GWP by 13% and Adopts IFRS-17.
AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management organization, reported a…
In April, bank credit to the private sector surpassed N44 trillion.
The Central Bank of Nigeria (CBN) has revealed that banking industry lending to the private sector surpassed N44 trillion to…
Sirika inaugurates a N2 billion enhanced GAT at Lagos International Airport.
Senator Hadi Sirika, Minister of Aviation and Aerospace, launched the first phase of the N2.2 billion General Aviation Terminal extension…
CBN’s external reserves have fallen by $1.5 billion in four months.
According to information received from the Central Bank of Nigeria, the country’s external reserves declined by $1.5 billion in four…
The CBN cancels the licenses of 179 microfinance banks and others.
The Central Bank of Nigeria has cancelled the licenses of 179 microfinance banks, four primary mortgage banks, and three financing…
Buhari begins oil drilling in the Chad Basin.
The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno State, was launched by…
According to a report, forex turnover has dropped by 47%.
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market fell by…
Aviation stakeholders want the 40% TSA deduction reviewed.
Aviation stakeholders have demanded that the requirement that 40% of aviation agencies’ earnings be paid into the federation account be…
Report: foreign airlines earned $1.1 billion in Nigeria in 2022.
Despite difficulties with foreign exchange, foreign airlines operating in Nigeria made almost $1.1 billion in 2022. The Central Bank of…