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…
Africa Nigeria’s Used Car Imports Drop by 83% Due to New Tax Sep 30, 2024 0 Nigeria's spending on used vehiclears, fell significantly by 83% in the first half of 2024 compared to the same…
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…