The CBN Disburses N173 billion Under the 100-for-100 Program.
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients under its 100-for-100…
Author: akintunde
Tinubu States that the Subsidy is no Longer in Effect.
President Bola Tinubu stated on Monday in Abuja that his administration will end the subsidy on petroleum products. “Subsidy is…
Al Ahly Capital is Leading the Expansion of an Egyptian Outpatient Clinic Network.
Dawi Clinics, Egypt’s largest outpatient clinic network, has signed a funding agreement worth EGP 250 million with Al Ahly Capital…
E3 Capital and Lion’s Head Climate Fund Raises $48 million in its First Close to Support African Companies.
The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund launched by early-stage venture capital firm E3 Capital (previously…
Arla Foods Opens a New Facility to Increase Milk Output.
Arla Foods, the creator of Dano Milk, has announced the opening of a cutting-edge dairy farm in Kaduna State as…
Dangote Cement Ibese commissions trucks for biomass waste management, resulting in zero carbon emissions.
Dangote Cement Ibese Plant is acquiring 100 trucks customized for easy transportation of biomass waste from all over the country…
Finance and insurance sectors grow by 26% year on year to boost GDP in Q1 2023.
Despite Nigeria’s challenging business environment, the banking and insurance industries increased real GDP by 26% year on year (YoY) in…
FGN Savings Bond Reaches N5 billion in Five Months – NGX.
According to Nigerian Exchange Limited, overall allotments for FGN Savings Bonds have increased to N5.06 billion in the first five…
CBN: From January to April 2023, the FG spent $894 million to service foreign debts.
According to data supplied by the Central Bank of Nigeria (CBN), the federal government spent $894 million servicing foreign debt…
Nigeria: President Tinubu, Pledges an Economic Revival.
At his inauguration on Monday, Nigeria’s new President Bola Tinubu pledged to develop the economy by at least 6% per…
The FG Hopes to Earn N7.01 billion from Train Passengers by 2025.
The Federal Government expects train passengers to generate N7.01 billion in revenue by 2025. This was stated in the recently…
House of Rep Increase the Cap on CBN Loans.
Despite opposition, the House of Representatives passed an amendment to the Central Bank of Nigeria Act, boosting the cap of…
NNPCL Subsidiary Earns N256 billion in Sales – Report
The Nigerian National Petroleum Company Retail Limited, a retail component of the NNPC Limited group, earned N255.6 billion in revenue…
NBET and Transcorp Sign 726MW Power Purchase Agreement.
Transcorp Power, the mother company of TransAfam Power Plant Ltd, and Nigerian Bulk Electricity Trading (NBET) inked a power purchase…
Emefiele expresses concern about poor crude production.
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has called for a collaborative effort to increase crude…
The CBN disburses N173 billion under the 100-for-100 program.
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients under its 100-for-100…
Rate Hike: Expect increased prices, say MAN and NECA, warning the CBN.
According to the Manufacturers Association of Nigeria and the Nigeria Employers’ Consultative Association, the Central Bank of Nigeria’s recent rise…
Kano Gold Souk will draw more international investors – FG.
The Permanent Secretary of the Federal Ministry of Mines and Steel Development, Dr Oluwatoyin Akinlade, has revealed that the Kano…
NGX: Total FGN Savings Bond Allotments Increase to N5.06bn in Five Months.
According to the Nigerian Exchange Limited (NGX), total allotments for FGN Savings Bonds increased to N5.06 billion in the first…
NNPCL, CNOOC, and SAPETRO renew oil production contracts in OML 130.
The Nigerian National Petroleum Company Limited announced the renewal of the Oil Mining Lease 130 Production Sharing Contract and conversion…
The NDDC acknowledges the Senate for adopting the N876 billion budget.
The Niger Delta Development Commission has praised the House of Representatives for clearing the commission’s N876 billion budget for the…
African subsidiaries account for half of UBA’s earnings – CEO.
United Bank for Africa Plc has reported that all of its African businesses are now on solid ground, adding significantly…
Shareholders of Access Holdings Approve N1.30 Final Dividend and Growth Expansion.
The shareholders of Access Holdings Plc approved the management’s final dividend payout of N1.30 at the Pan-African banking institution’s inaugural…
Berger shareholders have approved N202 million in dividends.
Shareholders of Berger Paints of Nigeria Plc, a maker of paints and allied goods, have approved the payment of N202,876,413…
Buhari seeks Senate approval to pay $556 million, £98 million, and N226 billion in judgment debts.
The judgment debts were resolved by the issuance of promissory notes, which will subsequently be evaluated over time for conviction…
OPEC chief warns that global oil output is decreasing.
Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries, has warned that world oil production capacity is…
BREAKING: CBN increases interest rate to 18.5%.
The Central Bank of Nigeria’s Monetary Policy Committee unanimously voted to raise its monetary policy interest rates to 18.5%. The…
Shipowners estimate that $20 million is spent each year on vessel repairs.
Despite the Nigerian Maritime Administration and Safety Agency’s (NIMASA) acquisition of a N50 billion floating dock, Nigerian shipowners have indicated…
The NDIC will auction the assets of failed banks and reimburse clients.
Following the Central Bank of Nigeria’s cancellation of licenses for 179 microfinance institutions and four Primary Mortgage institutions, the Nigeria…
GDP fell to 2.3% in Q1 due to cash shortage, according to the NBS.
Cash shortages created by the Central Bank of Nigeria’s naira redesign policy have driven Nigeria’s GDP growth below worldwide predictions…