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Ekemini Uba 5385 posts 0 comments

Business

Cardoso, World Bank, IMF Brainstorm to Craft New Strategies for Inclusion Growth…

Sep 30, 2024 0
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, participated in the prestigious Bretton…
Banking

Nigeria’s Bank reserves with CBN surge to N26.8 trillion amid aggressive CRR…

Sep 30, 2024 0
Nigeria's banking reserves grew significantly to N26.8 trillion in August 2024, up from N19.4 trillion the…
Business

Bank, Fintech Must Partner To Activate Nigeria’s $1trn Economic Target’

Sep 30, 2024 0
To help Nigeria reach a $1 trillion Gross Domestic Product (GDP) by 2026, the Nigeria Deposit Insurance…
Banking

FG plans tax incentives for MSMEs

Sep 30, 2024 0
The Federal Government of Nigeria has reiterated its commitment to helping micro, small, and medium enterprises…
investment

Sugar Masterplan Attracted $1 Billion Investments, 15,000 Jobs, Says NSDC Boss

Sep 30, 2024 0
The National Sugar Development Council in Nigeria has announced exciting news about the country's sugar industry.…
Business

Intel, US to finalise $8.5 bln in chips funding by year-end, FT reports

Sep 27, 2024 0
Intel is close to securing $8.5 billion in direct funding from the U.S. government, with finalization expected by…
World

China launches late stimulus push to meet 2024 growth target

Sep 27, 2024 0
China’s central bank lowered interest rates and injected liquidity into the banking system on Friday as part of a…
Local

NMRC secures $200m funding from U.S for mortgage

Sep 27, 2024 0
The Nigeria Mortgage Refinance Company (NMRC) has received $200 million from a U.S. organization to help more…
Business

NDIC pays 94% insured depositors of Heritage Bank

Sep 27, 2024 0
The Nigeria Deposit Insurance Corporation (NDIC) has paid 94% of the people who had money in the closed Heritage…
Business

Reduce interest rates on industrial loans, MAN urges govt

Sep 27, 2024 0
The Manufacturers Association of Nigeria (MAN) is asking the government and the Central Bank to review how raising…
Local

FG gets $600,000 relief fund from Gates Foundation

Sep 27, 2024 0
The Nigerian government has received $600,000 from the Bill and Melinda Gates Foundation to help people affected…
investment

ExxonMobil Unveils $10bn Deepwater Investment Plan in Nigeria, Shettima Ecstatic

Sep 27, 2024 0
The Nigerian government is working hard to bring more businesses and money into the country. Recently, ExxonMobil,…
Finance

Cash transfer: FG releases N24bn to 991,261 households

Sep 27, 2024 0
The Nigerian government has given out N24.78 billion to help 991,261 poor families across the country. This is…
Business

SEC, NGX give Flour Mills approval for minority shareholders buyout

Sep 27, 2024 0
Flour Mills of Nigeria (FMN), a big food company in Nigeria, has received approval from the Securities and…
Business

Petrol landing cost drops to N981/litre

Sep 27, 2024 0
The landing cost of Premium Motor Spirit (PMS), also known as petrol, has dropped to N981 per litre, as of…
Local

Oil companies owe govt over $6bn – NEITI

Sep 27, 2024 0
In Nigeria, oil companies owe a lot of money to the government—about $6.175 billion! This money is for things like…
Business

Nigeria’s exports to six countries hit N8.88tn in Q2 – Report

Sep 27, 2024 0
In the second quarter of 2024, Nigeria sold a lot of goods to six major countries: Spain, the USA, France, India,…
Trade

Equity market halts gaining streak with N267bn loss

Sep 27, 2024 0
On Thursday, the Nigerian Exchange faced a setback, losing N267 billion and ending its three-day rally. This drop…
Business

Retirees park N798bn in pension for life

Sep 26, 2024 0
Many people who have retired in Nigeria are saving their money in something called "life annuity." This means…
Local

Breaking: FG increases NYSC monthly allowance to N77,000 effective July 2024 

Sep 26, 2024 0
The Nigerian government has decided to give more money to young people who are part of the National Youth Service…
Business

Nigeria to widen tax net over revenue shortfall

Sep 26, 2024 0
The Nigerian government wants to get more people and businesses to pay taxes. This will help the country get more…
Business

PENGASSAN to Fed Govt: increase stake in Dangote Refinery to 45%

Sep 26, 2024 0
PENGASSAN, a group for oil and gas workers in Nigeria, wants the government to own more of the Dangote Refinery. …
Business

Fed Govt okays N158b for Lekki Port service lanes

Sep 26, 2024 0
The Nigerian government has approved a big project costing N158 billion. This project will build new service…
Banking

CBN boosts FX market with $20,000 to BDCs

Sep 26, 2024 0
The Central Bank of Nigeria (CBN) has decided to help people and businesses get U.S. dollars more easily. They…
Local

ExxonMobil mulls $10b investment in Nigeria’s deep-water

Sep 26, 2024 0
Nigeria's economy is getting stronger because two big companies are planning to invest a lot of money in the…
Banking

CBN sells dollars to BDCs at N1,590/$

Sep 26, 2024 0
The Central Bank of Nigeria (CBN) has decided to help people and businesses get more foreign money by allowing…
Business

Tinubu vows to restore federal authority amid economic challenges

Sep 25, 2024 0
President Bola Tinubu’s government is working hard to strengthen Nigeria’s economy and improve security. To…
Business

Oyetola promises zero piracy incidence in Nigerian waterways

Sep 25, 2024 0
The Nigerian government is working hard to make sure its maritime agencies follow global standards, especially…
Business

FG explains minimum wage July 29 backpay

Sep 25, 2024 0
The Federal Government has announced that payments for the new minimum wage will begin on July 29, 2024, following…
Local

CBN, banks sell $9.9bn as naira weakens to N1,670/$

Sep 25, 2024 0
In August 2024, foreign exchange turnover through Nigeria's Autonomous Foreign Exchange Market surged to N15.74…
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NIGERIA

Business

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World

European Markets Rise as UK Political Uncertainty and…

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