Seafarers Claim that 4,000 Ships Berth in Lagos Ports Each Year.
The Mission to Seafarers, Lagos, a maritime organization, has revealed that 4,000 ships call at Lagos ports each year. According…
Author: akintunde
Lagos and Fintech Sign an Agreement to Increase IGR
A Memorandum of Understanding between the Lagos State Government and eTransact has been struck in order to control uncontrolled development,…
Oando Earns a Profit of N34.7 billion.
Oando Plc, an energy firm, reported that its earnings after tax increased to N34.7 billion in the fiscal year 2021.…
Alison-Madueke, Aluko, and Omokore’s Fraud Proceeds were Recovered by the US for Nearly $53 million.
The U.S. Department of Justice said that two civil actions seeking the forfeiture of different opulent assets that were the…
Moribund Mills: Swallow N1.63 trillion in Paper Imports in Five Years
Nigeria spent N1.63 trillion on the importation of paper and related products in the last five years despite having an…
US Increases Non-immigrant Visa Application Fees
A rise in some non-immigrant visa application (NIV) processing fees has been announced by the US.The increases took effect on…
FEC Approves N24.2 Billion For Free WiFi At Markets And Airports.
The Nigerian cabinet has approved N24.2 billion for the installation of Internet access at 20 airports, several educational institutions, and…
Government and Investors to Install 1,000 Mini-Grids Nationwide
The deployment of 1,000 mini-grids to electrify rural towns around the nation was started by the federal government in collaboration…
NDDC Adopts a New Youth Development Program.
According to the Niger Delta Development Commission, a novel idea for collaborating with the Niger Delta Chamber of Commerce in…
Russia-Ukraine Conflict Could Spur Food Production in Africa – Osinbajo
Vice President Yemi Osinbajo said the ongoing situation between Russia and Ukraine should serve as a wake-up call for African…
Under Non-disclosure Agreements, Ghana’s Bondholders’ Counsel Begin Debt Negotiations.
A group of foreign private lenders are represented by Rothschild & Co., while the government, which froze payments on the…
Equity and KCB Put Pressure on Safaricom.
Equity Group is now spearheading a banking industry assault for the title of East Africa’s most profitable corporation after reducing…
Insurance GPI Increases by 36.3% to N726.2 billion, While Claims Payments Increase by 31.2%.
The industry has seen a 36.3 percent increase in Gross Premium Income (GPI) quarter over quarter and a 17.8% year…
Paystack CEO Purchases a 55% Share in a Danish Soccer Team.
Shola Akinlade, co-founder and CEO of Paystack, has acquired a 55% ownership position in Danish second-division team Aarhus Fremad. Aarhus…
$1.9bn Loss: Oil Theft Panel Charges Operators and Regulators.
Operators and regulators in Nigeria’s oil sector have been charged with extensive acts of sabotage in the industry, according to…
NNPCL to Increase Oil Reserves to 50 billion Barrels.
The Nigerian National Petroleum Corporation Limited declared on Tuesday that continued oil exploration in the country’s border basins will increase…
Federal Government $22bn Loan Request Rejected by Chinese Bank.
On Tuesday, the House of Representatives accepted the federal government’s proposal to borrow $973,474,971.38 from the China Development Bank. This…
CBN bars banks seeking upgrade from expansion
The Central Bank of Nigeria’s new draft rules prohibit banks and other financial organizations applying for conversion licenses from increasing…
Tullow to Default on $2.5bn Debt Repayment
The Tullow Group has indicated that it may not be able to fully repay its US$2.5 billion notes outstanding which…
Mail Services Firm Raises Charges 33pc
In response to high operating costs, MPost, a service that converts mobile phones into official postal addresses, has increased annual…
Equity net profit up 15% to record Sh46 billion.
As the most profitable lender in the area, Equity Group’s net profit for the year ended December 2022 increased by…
NIMC Requests a Revision of the Procurement Act.
Hadiza Dagabana, the National Identity Management Commission’s director of legal and regulatory affairs, has demanded that the Public Procurement Act…
Stock Market Value is Down by N622 billion.
Due to stock declines in several banking and telecom firms, investors lost N622 billion at the conclusion of trade. Moreover,…
Bank Credit to the Government Reaches N28.43 trillion
In the first two months of 2023, banks’ credits to the government increased by N3.77 trillion. According to data acquired…
Nigerians in Diaspora Fear that Hardship may Cause Remittances to Decline.
According to the research, the country received an estimated $21 billion in remittances, making it the largest recipient market in…
Egg Glut: Poultry Farmers Want Government Assistance
Lagos’ poultry farmers have complained about the market’s oversupply of eggs and asked the government to take the surplus off…
Emefiele Begs NLC to Halt the Protest over the Naira Shortage.
Godwin Emefiele, the governor of the Central Bank of Nigeria, appealed to Chris Ngige, the minister of labor and employment,…
Nigerian Banks will Increase the Individual Cash Withdrawal Cap to N100,000
According to some bank executives, commercial banks are planning to increase their cash withdrawal limits from the present N20,000–N50,000 range…
NNPC Releases 418 million More liters of Gasoline.
Even while the year-to-date daily average maintained at 64.94 million litres over the time period, the data revealed that 59…
Afreximbank, NEXIM, and FG Sign a $350,000 Agreement to Improve Water Transportation.
The Federal Ministry of Transportation, the Nigerian Navy, the African Export-Import Bank (Afreximbank), and the Nigerian Export-Import Bank (NEXIM) have…