43 Prohibited Products Remain Under our Position – CBN
The Central Bank of Nigeria (CBN) has maintained its position about the 43 prohibited commodities that were…
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FG Obtains a $750 million World Bank Credit for Power Development.
On June 9, 2023, the loan with project ID P174622 received approval, becoming the first World Bank loan to do so…
May Oil Production Generates N1.3tn and Reaches 36 million Barrels.
In May 2023, Nigeria's oil production rose by 6.73 million barrels to 36.7 million barrels, generating a total…
CBN eliminates the savings and withdrawal caps on domiciliary accounts
The restrictions on domestic accounts have been abolished by the Central Bank of Nigeria.
The CBN said in a…
Solcon Capital Replaces Convergence Partners Investments as the Brand.
Convergence Partners Investments has changed its name to Solcon Capital as the company intensified efforts to…
More Nigerians will receive 5G service once Airtel rolls out.
Airtel, a telecom company, plans to launch its Fifth-Generation (5G) network services between now and next week,…
Electricity Act: Manufacturers Predict a Sharp Decline in the Cost of Alternative…
The new Electricity Act, according to the Manufacturers Association of Nigeria (MAN), will result in a sharp…
Nigeria’s Debt Profile Will Reach N81 Trillion After Unification of Fx…
Following the most recent Naira devaluation by the Central Bank of Nigeria (CBN), Nigeria's debt profile has…
Inflation Increases to 22.41%
According to a recent data released by the country's statistics bureau, Nigeria's demand-pull inflation has…
Naira Drops to 702/$, With a Potential New FX Supply from CBN.
The Central Bank of Nigeria has permitted a free float of the naira against the dollar and other world currencies,…
Tinubu’s Economic Experts Recommend a Unification of Customs, NIMASA, and…
President Bola Ahmed Tinubu's Policy Advisory Council has advised that the country declare a state of emergency in…
Meet the New Members of President Bola Ahmed Tinubus’ Team.
The 9th Senate's only official responsibility for President Bola Tinubu was to approve his list of Special…
NMDPRA and Marketers Meet to Avoid Petrol Shortages.
Following complaints from oil marketers about a lack of finances to import products, the Nigerian Midstream and…
The UN Plans to Combat Hunger and Malnutrition in Nigeria.
The United Nations World Food Programme launched a $2.56 billion Country Strategic Plan for Nigeria on Wednesday,…
In Q1 2023, Nigeria Recorded N710 billion in VAT.
According to the National Bureau of Statistics (NBS), the total Value Added Tax (VAT) in Q1 2023 was N709.59…
Shell Intends to Increase Oil and Gas Production.
Shell Petroleum Development Company would enhance its oil and gas output in Nigeria during the upcoming months.
…
Private Industry, Economists Support CBN as the Naira Drops to 664/$.
To allow for a free float of the local currency against the dollar and other major world currencies, the Central…
CBN Floats Naira at Investors’ Forex Window.
To enable the naira's free float versus the dollar and other major world currencies, the Central Bank of Nigeria…
Tinubu Expects the Data Protection Law to Create 500,000 Employment.
On Monday, June 12, 2023, President Bola Tinubu officially signed the Data Protection Bill into law, according to…
According to OPEC, Nigeria’s Economy would Rebound in the Following Months.
Although Nigeria's economy suffered difficulties in the first half of the year, according to the Organization of…
According to Customs, Concessionaires Invested $300 million in a Modernization…
Col. Hammed Ali (ret. ), Controller General of the Nigeria Customs Service, said concessionaires of the Customs…
FG and Oando Establish an MOU to Increase Access to Renewable Energy
In order to accelerate the deployment of sustainable renewable energy access throughout the nation, the Federal…
Ghana’s Annual Inflation Rate Increased to 42.2% in May.
Ghana's consumer inflation increased marginally from April to May, rising from 41.2% to 42.2% year over year,…
Emefiele’s Suspension: An Increase of N1.2 trillion in Market…
On Tuesday, the market capitalization of the Nigerian stock market increased significantly by 4% (N1.22 trillion)…
Uber and Bolt drivers issue a seven-day strike warning over low pay.
A planned peace conference between e-hailing companies and the drivers who use the various app-based platforms to…
IMF Advocates 5 Priority Policy Options For Nigeria Regarding Financial Inclusion.
The largest economy in Africa's largest country has five top-priority policy options for promoting financial…
Nigeria Increases Oil Production by 15.6% to 1.3 mb/d.
The Organization of Petroleum Exporting Countries, or OPEC, announced yesterday that Nigeria's oil production,…
FG Approves Two Oil Export Terminal Licenses with a $11 billion Budget.
The Federal Government granted and signed permits for the construction of two crude oil export terminals, which…
The Index of Nigerian Banking Equities Rises to a 20-year High.
Following the dismissal of central bank governor Godwin Emefiele last week, who supervised restrictive policies,…
IOC and NNPCL Report Finding Oil in OML 102.
The joint venture between TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited has claimed…