Money Lenders Endorses FCCPC Measures Over Digital Lending
The Money Lenders Association (MLA) has voiced its support for the Federal Competition and Consumer Protection Commission’s (FCCPC) efforts to…
Year: 2024
Access Holdings CEO Herbert Wigwe Feared Dead in Helicopter Crash
Tragedy struck as a helicopter carrying Herbert Wigwe, the Chief Executive Officer of Access Holdings, crashed in California, United States…
Dangote Refinery Among World’s Top 8 Largest Refineries
Nigeria’s Dangote Refinery, boasting a production capacity of 650,000 barrels per day, has earned a prestigious rank among the globe’s…
Bank of Industry to Administer N200bn Fund to Buisinesses
The Federal Government has entrusted the Bank of Industry (BOI) with a N200 billion fund aimed at bolstering businesses nationwide.…
Export Sales Increases by 77% Amid Forex Reform
Three major players in Nigeria’s consumer goods industry – Unilever Nigeria Plc, Cadbury Nigeria Plc, and Okomu Oil Palm Plc…
Court Orders FG to Fix Prices of Petrol, motorcycles, Others
A Federal High Court in Lagos has directed the Nigerian government to set prices for essential commodities, including petrol, diesel,…
FG Vows Effective Implementation of Pension Reforms
The Director-General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Arabi, has provided assurance that retirees will reap…
TotalEnergies’ Akpo West Field to Increase Output
Nigeria is poised to witness a rise in condensate production by 14,000 barrels per day, following the commencement of operations…
Customs Forecasts Revenue Surpassing N5.079 Trillion
The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the Service’s ability to exceed its…
NNPCL SpendS N267 Billion To Curb Insecurity
The Nigerian National Petroleum Company Limited (NNPCL) reportedly allocated a substantial N267.98 billion for security expenses over 16 months, reflecting…
Benin Republic’s Dollar Bond Oversubscribed, Raises $750m
Benin Republic successfully issued its first-ever dollar-denominated bond, raising a substantial $750 million. The bond offering witnessed overwhelming investor interest,…
Tullow Oil To Plan Temporary Halt in Ghana Drilling Operations
Tullow Oil, in collaboration with its Joint Venture Partners, is gearing up for a temporary suspension of drilling operations in…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in foreign exchange transactions, as revealed…
Nigerians’ Foreign Expenditure Hits $98 Billion in a Decade
According to recent data released by the Central Bank of Nigeria (CBN), Nigerians have spent over $98 billion on foreign…
Customs Intercepts N854m Worth of Vehicles in January
The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, revealed that it intercepted 11 imported used vehicles and other…
CITN, Afolake Oso as Acting Registrar/Chief Executive
The Chartered Institute of Taxation of Nigeria (CITN) has named Mrs. Afolake Oso as the acting registrar/chief executive of the…
Nigeria’s Inflation to Decline by 21.4% by 2024- CBN
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), projected a drop in Nigeria’s inflationary pressure from…
Meta to Detect AI Tech Across Facebook and Instagram
Meta, the parent company of Facebook, announces its intention to roll out technology capable of detecting and labeling images produced…
WeWork’s CEO Interested in Buying Back Bankrupt Company
Adam Neumann, the former CEO of WeWork, has expressed his desire to repurchase the bankrupt shared office company, as revealed…
Trump to Impose Higher Tariffs on Chinese Goods if Re-elected
Former US president Donald Trump has declared his intention to levy additional tariffs on Chinese goods exceeding 60% if he…
Yandex: “Russia’s Google” Withdraws from Home
The owner of Yandex, dubbed “Russia’s Google”, has announced its withdrawal from its home country, selling its Russian operation for…
Businesses Deem Bank of Ghana’s Monetary Policy Insufficient
Businesses have expressed dissatisfaction with the Bank of Ghana’s (BoG) 100 basis point reduction in the monetary policy rate, lowering…
NNPC Adresses Concerns on Fuel Scarcity
The Nigerian National Petroleum Company Limited (NNPCL) has addressed concerns regarding long queues at filling stations in parts of Lagos,…
Airtel Africa Plans $100 million Share Buyback
Airtel Africa Plc has unveiled its intention to repurchase up to $100 million worth of its shares, underscoring confidence in…
BAT (Nigeria) Unveils Solar Panel System
Today, British American Tobacco (BAT) (Nigeria) Limited will inaugurate a 1.4MWP grid-tied solar panel system at its Ibadan factory, marking…
Bank Directors Supports CBN on Foreign Currency Hoarding
The Bank Directors Association of Nigeria (BDAN) has expressed support for the Central Bank of Nigeria’s (CBN) directive instructing commercial…
IFC’s Invests $2 Billion Across Sectors in Nigeria
Sergio Pimenta, the Regional Vice President for Africa at the International Finance Corporation (IFC), revealed that the institution’s investments in…