Federal Government Faces Revenue Shortfall from Gas Flaring Penalties
The Federal Government recorded a revenue shortfall of N13.33 billion in January and February 2023 from gas…
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Fidelity Bank to Raise Additional Capital through Public Offer and Rights Issue
Fidelity Bank plans to seek approval from its shareholders to raise additional capital through the issuance of…
Rising Maize Prices Threaten Poultry Farms in Delta State, Nigeria
The soaring cost of maize, a major component of poultry feeds, is leading to the closure of farms in Delta State,…
Dangote Cement Repurchases N41.2 Billion Worth of Shares in Share Buyback Program
Dangote Cement Plc has bought back approximately N41.2 billion worth of its shares from open transactions at the…
NOVA Merchant Bank Unanimously Approved for Transition to Commercial…
Shareholders of NOVA Merchant Bank have given their unanimous approval to transition the bank into commercial…
Nigerian Naira Appreciates Against Dollar in Forex Window
On Wednesday, the Nigerian naira appreciated against the US dollar on the Investor & Exporter forex window,…
Ecobank appeals Honeywell’s N72bn court judgement
Ecobank Nigeria Limited has appealed the ruling of the Federal High Court in Lagos, which ordered the bank to pay…
NECA Calls on Nigerian Government to Develop Implementable Economic and Industrial…
The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to formulate and implement…
Nigeria Needs Over 400,000 Data Protection Officers to Ensure Compliance with Data…
The Nigeria Data Protection Bureau (NDPB) has stated that Nigeria will require more than 400,000 Data Protection…
MANEG Collaborates with Key Stakeholders to Empower Non-Oil Exporters under AfCFTA
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has announced its collaboration with key…
IMF Reports a Strong Dollar’s Impact on Emerging Economies, Including…
The International Monetary Fund (IMF) revealed that a 10% appreciation in the US dollar, driven by global…
Kenya’s Foreign Exchange Reserves Expected to Remain Under Pressure, Says…
The International Monetary Fund (IMF) predicts that Kenya's official foreign exchange reserves will continue to…
ASEA and ECA Sign Memorandum of Understanding to Drive Financial Market…
The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA)…
Fluctuations in FX Rate Trigger Petrol Price Increase, Says Oil Marketers…
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr. Olumide Adeosun, revealed that…
Nigeria Customs Service to Review Automobile Levy Amidst Import Challenges
The acting Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, announced that the service would…
End of Downstream Monopoly: First Batch of Privately Imported Petrol Arrives in…
The first batch of petrol, consisting of 27 million litres, has been imported by an independent marketer, ending…
Federal High Court Orders Ecobank Nigeria to Pay Honeywell Flour Mills N72.2bn in…
The Federal High Court in Lagos has issued a ruling ordering Ecobank Nigeria to pay Honeywell Flour Mills the sum…
UK Adds Naira to “Pre-Approved Currencies” for Financing Nigerian…
The United Kingdom (UK) will include the Nigerian naira in its list of "pre-approved currencies" for financing…
Fluctuating Fuel Prices Expected as Nigeria Deregulates Downstream Petroleum…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Nigerians should anticipate…
Federal Government Takes Aim at Anti-Competitive Practices and Unjustified Food…
The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), is taking…
Nigeria Faces Protests and Discontent as Petrol Price Soars Following Subsidy…
The Nigeria Labour Congress (NLC) issued a warning, stating that it might withdraw from talks with the federal…
Fuel Consumption in Nigeria Plummets After Subsidy Removal: Imports Decline, Free…
The Nigerian Government announced that fuel consumption in the country has significantly dropped to 46.38 million…
Nigerian Naira Faces Volatility Amidst Exchange Rate Fluctuations
The official exchange rate of the Nigerian Naira improved from N803.9 per dollar, but at N820/$1, the parallel…
Nigerian Ports Authority Records Impressive Revenue in First Half of 2023
The Nigerian Ports Authority (NPA) has announced a total revenue of N191,430,093,501.00 generated from its…
Central Bank of Nigeria Reduces Approved Bureau de Change Dealers
The Central Bank of Nigeria (CBN) has published an updated list of approved Bureau de Change (BDC) dealers in the…
Nigerian Ports Authority Records Strong Revenue Growth in H1 2023
The Nigerian Ports Authority (NPA) reported robust performance in the first half of 2023, with 1,852 vessels…
Nigerian House of Representatives to Investigate Non-Remittance of Revenues by…
The Nigerian House of Representatives has announced its intention to conduct an investigation into the Nigerian…
IMF Approves Nearly $1 Billion in Funding for Kenya to Bolster Economic Reforms
Paraphrased Paragraphs: The International Monetary Fund's executive board has granted Kenya nearly $1 billion in…
Project $6.2 Billion Capital Importation in Nigeria for 2023 Amid FX Reforms
Paraphrased Paragraphs: Afrinvest analysts have projected that capital importation in Nigeria for the fiscal year…
Nigeria Customs Service Kwara Command Records N6.2 Billion Revenue in Q2 2023
Paraphrased Paragraphs: The Nigeria Customs Service (NCS) Kwara State Command reported a revenue of N6.2 billion…