In One Week, Investors Lost N304 billion.
The market capitalization lost N304 billion to end the week at N27.963 trillion, and the All-Share Index decreased by 1.08…
Year: 2023
USA Donates $5.7 million to Aid Nigeria.
Nigeria will receive $5.7 million in assistance from the United States of America to oversee elections. This was stated in…
Nigeria Currently Owes the World Bank 6 trillion.
Nigeria moved up the list of the top 10 International Development Association borrowers due to increasing debt. Except for Nigeria,…
FG: IOCs Moved $21bn Investments to Other Countries.
According to the Federal Government, between 2014 and 2022, the majority of foreign oil corporations that work in Nigeria’s upstream…
NBS Set to Release Unemployment Rate in May.
By May 2023, the National Bureau of Statistics will present updated employment and unemployment rates for the nation. In a…
Lagos Paid retirees N50billion in Four Years.
According to Mrs. Ajibola Ponnle, Commissioner for Establishments, Training, and Pensions, Lagos paid its retirees N50bn during a four-year period.…
Eight Banks Earn N225 billion from E-banking Fees.
As cashless transactions increased to N395.47tn in 2022, eight banks made N224.69bn from electronic banking fees. Data analyzed from the…
FG Gives the NSITF Infrastructure Upgrade Concession a N15 billion Approval.
The second phase of the computerized Nigeria Social Insurance Trust Fund, which will allow concessionaires to enhance the infrastructure for…
Insecurity: Local Rice Price Increased by 200%
The price of one kilogram of local rice has increased by 211.52% in seven years as a result of rising…
FEC Approves N142bn e-Customs Project.
Notwithstanding rumors of an existing court injunction prohibiting it from moving forward with the project, the Federal Government in Abuja…
Union Bank’s Earnings Increase by 19%.
According to Union Bank of Nigeria Plc, its total earnings increased by 19% to N208. 2 billion in the 2022…
FAAC: Allocation Decreases as FG, States, and LGs Split N715 billion.
According to the Federal Account Allocation Committee, in March 2023, N714.63 billion was distributed across the three levels of government.…
CBN: Currency in Circulation Rises by 71% to N1.6tn.
After the Central Bank of Nigeria changed its stance on the redesign of the naira, the amount of currency in…
Leadway Assurance: Implements Security Measures Against Hackers.
According to Leadway Assurance Company Ltd, it has taken “mitigation steps” after discovering a hacker intrusion in its system that…
What to Expect As CBN Moves To Gather Dormant, Unclaimed Funds.
The exposure draft of rules on the administration of dormant accounts, unclaimed balances, and other financial assets in banks and…
Poll Shows Several British Don’t Want To Pay For Coronation
According to a recent poll that was performed and released on Tuesday, more than half of British citizens do not…
Ex-JAMB Registrar, Ojerinde’s Trial Starts Today for a $6 billion Fraud
Professor Dibu Ojerinde, a former Registrar of the Joint Admission and Matriculation Board, and his four children are on trial…
Netflix Hits 232 million subscribers.
Netflix on Tuesday said that its number of subscribers hit 232.5 million in the first quarter of this year and…
EPayments Reach N49.4 Trillion, With 40% of Failed Transactions Unresolved
According to CIO, we have handled more than 60% of ePayment issues. Although banks owe telcos over N100 billion in…
Fox News will pay Dominion $787.5 million as part of a defamation settlement following false election claims.
A defamation complaint including false accusations that Dominion Voting Systems’ software was involved in manipulating the 2020 U.S. presidential election…
The Nigerian Exchange Limited Recorded N2bn Gain for Investors.
The Nigerian Exchange Limited rebounded on Tuesday, recording N2bn gain for investors. The All-Share Index also appreciated by 11.54 base…
Nigeria Fails to Settle its Debt to China.
Nigeria’s debt to China, which has risen to N110.31 billion over the past two years, has not been paid off.…
Kyari: NNPC Deepens Investments in AKK, OB3, Others.
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion standard cubic feet of domestic gas…
Nigeria Produces 75% of Budget Target in Q1 Despite Low Oil Production.
Despite its difficulties, Nigeria was still able to produce 115 million barrels of crude oil in the first quarter of…
Exxon Announces a Force Majeure for Lifting Crude.
Following a strike by the company’s internal workers union, Exxon Mobil has declared force majeure on oil lifting from various…
External Reserves Slide Further to $35bn.
According to data received from the Central Bank of Nigeria, the nation’s foreign reserves decreased by $112.78 million in just…
NRC Generates N12 billion, Spends N111 billion to Service Debt.
The Federal Government has spent $247.98m (or N111.23bn at the Central Bank of Nigeria’s official currency rate of N448.55 as…
According to Buhari, Marginal Oilfield Sales Brought in N203 billion.
The sale of petroleum prospecting licenses to 161 companies in its most recent marginal fields bid round brought in over…
Strike: Aviation Workers Threaten Total Shutdown.
As the second day of their strike begins, aviation workers have threatened to close the nation’s airports if the federal…
FG: 40% Salary Increase for Workers in April.
By the end of this month (April), the Federal Government will start paying the anticipated wage raise for government personnel.…