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!-->!-->!-->…