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!-->…
Business Domestic air fare rises 25% to N123, 700 in one month Sep 25, 2024 0 In August 2024, the average fare for air travel in Nigeria surged to N123,700.14, a sharp 25.51% increase from!-->…
Business PENGASSAN urges FG to increase stake in Dangote refinery to 45% Sep 25, 2024 0 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government!-->…
Business Nigeria’s unemployment rate rose to 5.3% in Q1 – Report Sep 25, 2024 0 Nigeria’s unemployment rate increased slightly to 5.3% in Q1 2024 from 5.0% in Q3 2023, with females facing higher!-->…
Business Aviation stakeholders back Emirates on dollar airfares Sep 25, 2024 0 Aviation experts have expressed support for Emirates Airlines’ decision to charge Nigerian passengers in dollars,!-->…
Business FG raises N2.75bn via savings bond Sep 25, 2024 0 The Federal Government’s savings bond for September 2027 has attracted successful subscriptions worth N2.75!-->…
Business Legal implications of CBN’s 5% borrowing Cap: Agbakoba and Ozekhome weigh in Sep 25, 2024 0 Legal experts have examined the implications of the Central Bank of Nigeria's (CBN) reaffirmation to maintain its!-->…
Africa South African Rand Appreciates by 11% Amid Economic Recovery Sep 25, 2024 0 As of September 25, 2024, the South African Rand (ZAR) has risen by 11% against the US dollar since February,!-->…