NNPC battles deepening fuel scarcity, black market booms
The Nigerian National Petroleum Company Limited (NNPC) promised to resolve the ongoing petrol scarcity by mid-week, despite widespread shortages and…
Day: August 19, 2024
MTN, others get permits to generate electricity
The Nigerian Electricity Regulatory Commission (NERC) has issued nine new off-grid generation licenses in the first quarter of 2024, totaling…
FG shifts N150bn loan disbursement for manufacturers to September
The Federal Government has delayed the start of a N150 billion loan disbursement for manufacturers and MSMEs to September, as…
NAHCO denies N778m fraud allegations
The Nigerian Aviation Handling Company (NAHCO) has strongly denied allegations of fraudulent activities related to the 2024 Hajj operations. The…
N847bn lost as equity market extends downtrend
The Nigerian equity market continued its decline for the second week, shedding N847.03 billion as the All-Share Index fell by…
External reserves shed $343m in nine days, says CBN
Nigeria’s foreign exchange reserves fell by $342.97 million in just nine days, reducing the total to $36.53 billion as of…
FCMB appoints new board members
First City Monument Bank Limited has appointed Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of directors, pending approval…
Union Bank begins recapitalisation
Union Bank of Nigeria is kicking off a recapitalisation effort to boost its financial stability. This move comes after the…