The CBN cancels the licenses of 179 microfinance banks and others.
The Central Bank of Nigeria has cancelled the licenses of 179 microfinance banks, four primary mortgage banks, and…
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Buhari begins oil drilling in the Chad Basin.
The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno…
According to a report, forex turnover has dropped by 47%.
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market…
Aviation stakeholders want the 40% TSA deduction reviewed.
Aviation stakeholders have demanded that the requirement that 40% of aviation agencies' earnings be paid into the…
Report: foreign airlines earned $1.1 billion in Nigeria in 2022.
Despite difficulties with foreign exchange, foreign airlines operating in Nigeria made almost $1.1 billion in…
Senate’s approval of N22.7tn loan may increase bond rates.
Capital market specialists have warned that the securitization of the Senate's N22.7 trillion Ways and Means…
Venture Fund-of-Funds for SA SME Holds First Close, Exceeding Target.
The R1 billion Venture Capital Fund of Funds (VC FoF), a partnership between government and business aimed at…
RMB Ventures purchases a sizeable minority share in a mining services provider.
RMB Ventures announces a strategic equity investment in Mafika Engineering, a major provider of mining services.…
The acquisition of a South African tech company is being driven by Infinite…
A group of private equity investors led by independent private equity fund manager Infinite Partners have agreed…
Breweries and the Tobacco Sector on the Verge of Disaster.
According to Dike Onwuamaeze, businesspeople and economists have expressed concern that the 2023 Fiscal Policy…
“Nigeria: $21 billion in revenue, 100,000 jobs coming from our…
President Buhari opened the refinery at Ibeju-Lekki, Lagos, and Dangote, said its products "will be in the market…
Report: Nestle Borrowings Rise to N155bn.
At the end of the 2022 fiscal year, Nestle Nigeria Plc's total interest-bearing obligations increased by 102.05…
Nigeria receives 30% of all FDI in Africa, according to NITDA.
Nearly 30% of Africa's foreign direct investment, according to Kashifu Inuwa, Director General of the National…
Dangote refinery gasoline launches on the market in July, helping FG save N7…
With the start of operations at the Dangote Refinery and Petrochemicals, the Federal Government might save nearly…
Nigeria has not missed payments on Chinese loans, according to DMO.
Nigeria has not defaulted on repaying its Chinese loans, contrary to what a non-governmental organization,…
NGX Sanctions PZ and 17 Others for Filing Results for 2022 Late.
18 listed firms were penalised N34.72 million by the Nigerian Exchange Limited (NGX) for submitting their…
The CBN prohibits the mint corporation from printing checks.
According to a recent circular, the Central Bank of Nigeria has authorized four indigenous businesses to issue…
The World Bank will increase FG’s access to a $750 million loan.
The Federal Government, on behalf of the 36 state governments and the Federal Capital Territory, is about to…
FG introduces a tribunal for advertising offenses.
The Advertising Offences Tribunal was established by the Federal Government to address violations of the…
Neimeth plans to expand its base.
The two significant capital initiatives Neimeth International Pharmaceuticals Plc has started are intended to…
Assets Surge by 39% for BoI.
The Bank of Industry said its asset base rose from N1.71tn to N2.38tn in 2022 financial year - The Chairman, Board…
Dangote Refinery kicks off, processing crude from three continents.
In order to process crude oil grades from the three continents of Africa, Asia, and America, the 650,000 barrels…
Nestle’s profit is eroded by higher finance costs.
Nestle Nigeria Plc reported a 16.1% increase in first-quarter revenue to N127.97 billion (Q1) ended March 31, 2023…
The task before PenCom is to recover unpaid pension contributions.
PenCom, the National Pension Commission, ensures the recovery of unremitted pension contributions by fining…
Dangote Cement, MTN, and Others’ OPEX Reached N1.01 Trillion in Q1 as…
Due to double-digit inflation, a foreign exchange shortage made worse by the general elections, and the slow…
Oil prices stay constant as US reserves increase.
Brent crude increased 2 cents, or 0.7%, to $74.42 a barrel on the futures market. The price of West Texas…
Concessionaire would contribute N5.3 billion to eCRVS, claims FG.
The concessionaire, Messrs Barnksforte Technologies Limited, has informed the Infrastructure Concession Regulatory…
ETI Shareholders Approve Exercise to Raise $500 Million in Capital.
The resolution authorizing the issuance of additional Tier 1 and Tier 2 qualifying subordinated debt as well as…
The appeals court suspends the Seplat board’s order.
The Abuja-based Court of Appeal has overturned a ruling that prevented the Board of Directors of Seplat Energy…
According the CBN, bank assets have increased to N78 trillion.
By the end of February 2023, the total assets of the Nigerian banking sector had increased by 25.12% over the…