US Bank Failure Might Have an Impact on Nigerian Businesses – Operators
Iyinoluwa Aboyeji, the founder and CEO of Future Africa, claims that the failure of SVB may have an effect on…
Year: 2023
Residents of Abuja are Cautioned by FCTA to avoid Unlawful Estates.
Residents in the nation’s capital have been made aware of the spread of unlawful housing estates and other projects by…
Edo Refinery Receives a Fresh Order for 150,000 Barrels of Oil
A few weeks after commencing production, the Edo Modular refinery, which is supported by the Edo State government, has ordered…
Imports of Raw Materials Jump to N2.4tn in Nigeria – NBS
The report also revealed that Nigeria exported raw commodities worth N1 trillion, resulting in a N1.4 trillion imbalance over the…
New Substations and Transformers Push Power Above 4,000MW
With the installation of transformers, substations, and other accessories to increase supply, power generation on the national grid has remained…
N20tn Economy Loses Due to CBN’s 70% Cash Mop-up
According to a recent analysis by the economic think tank Centre for the Promotion of Private Business, the Federal Government’s…
Commuters Face Hard Times as Old Notes Rejection Continues
During the weekend, a number of bank clients, employees, and commuters were left stranded in different regions of the nation…
The Electoral Commission of Nigeria Postpones the Gubernatorial Elections.
In order to give itself more time to recalibrate the electronic voting equipment at the center of last month’s contentious…
Shell Reported a Substantial Decrease in Oil spills in Nigeria Following the Shutdown.
In 2022, Shell (SHEL.L) reported a substantial decline in the amount of oil spilled due to sabotage in Nigeria’s oil-rich…
Wakanow Hires A New Finance Manager
Olubayode Okubanjo has been named the new group chief financial officer of Wakanow. “Bayode takes this new job with a…
Nigeria’s First Women’s Capital Markets Publication, Bourseladies, Debuts
The World Economic Forum, or WEF, estimates that it will take more than 100 years to close the gender gap…
Revenue From VAT And CIT Increased By 33% To N4.92 trillion in 2022.
Value Added Tax and Business Income Tax revenues increased by 33% YoY to N4.92 trillion in 2022 from N3.68 trillion…
Stanbic IBTC Bank Is Listed By PenCom For Financing RSA-backed Mortgages.
The Pension Commission has designated Stanbic IBTC Bank, a division of Stanbic IBTC Holdings, as one of the institutions to…
NEMA Warns Nigerians To Be Prepared For Major Floods
Mustapha Ahmed, the director general of the National Emergency Management Agency, has issued a warning about impending catastrophic floods this…
An Electric Vehicle Company Receives Recognition
The COO claimed that manufacturers of electric vehicles in the nation anticipate federal initiatives encouraging consumers to purchase EVs and…
How BVAS And IReV Failed The Stress Test In The First Election.
Questions have been raised concerning the effectiveness of the Bimodal Voter Accreditation System and Election Result Viewing Portal used by…
NNPCL Fires Eroton, Takes Over JV Operation Of OML18.
Oil Mining Lease 18’s operator, Eroton Exploration and Production Ltd, has been fired by NNPC Limited, and its subsidiary, NNPC…
Increased Tuition Costs At Aviation Colleges
The Nigerian College of Aviation Technology, Zaria has announced an increased revision of the normal pilot course price from N7m…
Centum Uses Cash Flow To Pay Down Sh2.3bn Debt.
Centum Investments Company Plc used internally produced cash to pay off Sh2.3 billion in debt after efforts to collect money…
Firm Denied From GDC Funds For Debt Of $2 billion
The Menengai Geothermal Project maintenance services provided by an ICT business resulted in a Sh2 billion debt that the High…
As LGs Split N2tn, Lagos And Kano Receive The Lion’s Share.
Nigeria’s local governments received N2.02 trillion from the federal budget that was distributed in 2022. This occurred as the greatest…
Fuel Shortage Will Continue Till After The Elections – Marketers.
Petrol shortage grew acute in Abuja, Nasarawa, Niger and other states in the North, as hordes of vehicles crowded the…
OPEC Quota: NUPRC Seeks 400,000 mb/d More From Large-Scale Projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) anticipates an additional 400,000 barrels per day (b/d) from certain big projects in…
In An Effort To Increase Nigeria’s Non-oil Exports, NEXIM Meets With Saudi Eximbank And IsDB.
A powerful delegation from the Nigerian Export-Import Bank (NEXIM), led by the Managing Director/Chief Executive, Mr. Abba Bello, Executive Director…
The Deputy Managing Director Of Zenith Bank Resigns.
Adaora Umeoji, the Deputy Chief Executive Officer at Zenith Bank, has left her position after seven years.According to a regulatory…
Glo Introduces A Financing Program For Samsung Series
A device financing option for the Samsung Galaxy S23 series has been made public by Globacom. This was made public…
MTN Nigeria Raises N125bn Through Commercial Papers.
To increase its short-term operating capital and finance requirements, MTN Nigeria obtained N125 billion through the issue of commercial papers.…
Banks Ration Cash As Gas Stations And Others Refuse Old Naira.
The latest initiative by several Deposit Money Banks to re-circulate old N500 and N1,000 notes suffered a setback when motorists,…
Diageo Succeeds In Increasing Its Ownership Of EABL To 65 Percent.
The first round of British multinational Diageo’s offer to purchase an additional 14.97 percent ownership in East African Breweries Plc…
Supreme Court Order On Old Notes: Banks In Partial Compliance.
Deposit cash The Supreme Court’s ruling authorizing the use of old N1,000, N500, and N200 notes as legal money for…