Economy Lagos Speaker Faces Alleged Financial Mismanagement Scandal Jan 12, 2025 0 Speaker of the Lagos State House of Assembly, Mudashiru Obasa, is facing renewed allegations of financial!-->…
Banking FCMB Group Plc Reports 67% Profit Before Tax Growth to ₦91.8 Billion Dec 6, 2024 0 FCMB Group Plc has announced a 67% growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months!-->!-->!-->…
Local Sanwo-Olu presents N3trn budget proposal Nov 22, 2024 0 It has been christened: “BUDGET OF SUSTAINABILITY” with the capital: N 1.7t (59%) and recurrent: N1.2t (41%). !-->!-->!-->!-->…
Local We’ve Started Seeing Positive Results From Our Reforms – Tinubu Tells IMF Chief Nov 22, 2024 0 President Bola Tinubu has said Nigerians are now seeing the positive results of his administration’s reforms. !-->!-->!-->!-->…
Economy We strongly support Tinubu’s reforms, says IMF MD Nov 22, 2024 0 Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), says the organisation is!-->!-->!-->…
Local Senate Approves Tinubu’s Fresh $2.2bn Loan Request Nov 22, 2024 0 The Senate, on Thursday, approved the $2.2 billion fresh loan request by President Bola Ahmed Tinubu. The!-->!-->!-->!-->!-->…
Business Dangote Refinery resumes importation of crude oil from US after three-month break Nov 22, 2024 0 The Lagos-based mega Dangote refinery has resumed importing crude oil from the United States after a!-->!-->!-->…
Economy Virgin Islands top court authorises Chinese investors Zhongshan to seize $25… Nov 22, 2024 0 A top court in the British Virgin Islands has granted Chinese investors Zhongshan the authority to seize £20!-->!-->!-->…
Africa FCMB Partners with EStars to Bring Esports Education to Nigerian Schools Nov 20, 2024 0 First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want!-->…
Banking FCMB Offers ₦30 Million Clean Energy Loans for Homes and SMEs Nov 9, 2024 0 First City Monument Bank (FCMB) has boosted it’s energy finance loan, offering up to ₦30 million to help!-->…
Local Court Halts Rivers State Federal Allocation Amidst Budget Approval Dispute Oct 31, 2024 0 The Federal High Court in Abuja has ordered the suspension of federal allocations to Rivers State, citing!-->…
Business Low Pension Fund Investment in Infrastructure Reflects Unattractive Market and… Oct 17, 2024 0 Despite Nigeria's significant infrastructure deficit, pension fund investments in the sector remain around one!-->…
Business CBN verifying disputed $2.4bn FX claims – Cardoso Oct 17, 2024 0 The Central Bank of Nigeria (CBN) has launched a re-validation process to address complaints from manufacturers!-->…
Local Forex crisis grounds four inland dry ports projects Oct 15, 2024 0 Maritime operators have cited Nigeria's foreign exchange crisis as a key factor in the delayed completion of four!-->…
Business Employers remit N692bn pension contribution – PenCom Oct 14, 2024 0 In the first half of 2024, employers across Nigeria's public and private sectors contributed a total of N692!-->…
Business Stanbic IBTC Holdings appoints Kunle Adedeji as Acting Chief Executive Oct 3, 2024 0 Stanbic IBTC Holdings has appointed Dr. Kunle Adedeji as Acting Chief Executive Officer, following regulatory!-->…
Business FG removes VAT on diesel, CNG, electric vehicles, others to crash prices Oct 3, 2024 0 The Federal Government of Nigeria has announced value-added tax (VAT) exemptions for several energy products,!-->…
Business Saudi warns of $50 oil if OPEC+ fails to honour cut deal Oct 3, 2024 0 Saudi Arabia, the leading member of the OPEC+ alliance, has warned that global oil prices could drop to $50 per!-->…
Local Nigeria’s FX crisis fuels crypto usage as transactions hit $59bn Oct 3, 2024 0 Cryptocurrency usage in Nigeria continues to grow rapidly, fueled by a weakening national currency and high!-->…
Business Court hears Barbican, FBN N5.4bn shares dispute Oct 21 Oct 3, 2024 0 A Federal High Court in Lagos has scheduled October 21, 2024, for the hearing of pending applications in a lawsuit!-->…
Business BOI disburses N77.56bn loans to MSMEs Oct 3, 2024 0 The Bank of Industry (BOI) has disbursed N77.65 billion in loans to nearly 1,000 medium, small, and!-->…
investment ‘CNG initiative unlocks $175m in private investment’ Oct 3, 2024 0 The Federal Government's Compressed Natural Gas (CNG) initiative has attracted $175 million in private sector!-->…
World Walz, Vance clash at policy-heavy vice presidential debate Oct 2, 2024 0 Democrat Tim Walz and Republican JD Vance debated on crucial issues like the Middle East crisis, immigration, and!-->…
Local PenCom Approves Merger Between Access, ARM Pensions Oct 2, 2024 0 The National Pension Commission (PenCom) has approved the merger between ARM Pension Managers and Access Pensions!-->…
Business Why FG is yet to approved fixed FX rate for Custom import duties — Taiwo Oyedele Oct 2, 2024 0 The Nigerian government has explained why it cannot use a fixed exchange rate for import taxes, which are the fees!-->…
Commodities Petrol Import In Nigeria Drops By 3.58 Billion Litres After ‘Subsidy Removal’ Oct 2, 2024 0 Nigeria has experienced a significant decrease in petrol imports following President Bola Tinubu’s removal of the!-->…
Currency CBN Says Currency In Circulation Now N4.1trillion With Only 6% In Banks Oct 2, 2024 0 Data from the Central Bank of Nigeria (CBN) reveals that the total currency in circulation has reached an all-time!-->…
Business Oando Emerges First Nigerian IOC, Valuation Hits $4 Billion Oct 2, 2024 0 Oando Plc, a leading Nigerian oil and gas company, has become Nigeria's first indigenous International Oil Company!-->…
World Refugees Contribute $124b To U.S. Economy Oct 2, 2024 0 President Joe Biden has signed a decision to set the U.S. refugee admissions goal at 125,000 for Fiscal Year 2025,!-->…
investment BREAKING: World Bank approves $1.57 billion for Nigeria for three projects Sep 30, 2024 0 The World Bank has approved $1.57 billion to help Nigeria with important projects. This money will be used to fix!-->…