Currency We now buy dollars at N980, sell at N1020 – BDCs president Apr 17, 2024 0 Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria, revealed that BDC!-->…
Business IMF raises Nigeria’s economic growth forecast to 3.3% for 2024 Apr 17, 2024 0 The International Monetary Fund (IMF) has revised Nigeria's economic growth forecast for 2024 upward from three!-->…
Business FG may revoke unused oil well licences amid $30bn loss Apr 17, 2024 0 Concerned about the country's declining oil revenue, the Federal Government has announced intentions to take over!-->…
Business Minister suspends mining activities at OAU and environs Apr 17, 2024 0 Dr. Dele Alake, the Minister of Solid Minerals Development, has ordered an indefinite suspension of mining!-->…
Business NCCA suspends private jets’ commercial operations Apr 17, 2024 0 The Nigerian Civil Aviation Authority (NCAA) has suspended the permits for non-commercial flight licenses of three!-->…
Energy FG Clarifies Recent Electricity Tariff Hike Apr 16, 2024 0 The Nigerian government has explained that the recent increase in electricity tariffs mainly affects a small,!-->…
Business $461m investment gap slows Nigeria’s internet coverage Apr 16, 2024 0 As of January, Nigeria's broadband penetration dropped to 42.53%, with 92.19 million subscriptions in a country of!-->…
Banking UBA expresses confidence in meeting new N500bn capital base Apr 16, 2024 0 United Bank for Africa Plc (UBA) has affirmed its confidence in meeting the new capital base set by the Central!-->…
Local Royal Exchange Rights Issue Falls Short at 75.83% Subscription Apr 16, 2024 0 Royal Exchange Plc, a company offering life assurance, health insurance, and credit financing services, saw its!-->…
Local Manufacturers may head for court over unsettled forex backlog – MAN DG Apr 16, 2024 0 In this interview, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, discusses!-->…
Local Transcorp Power Targets 740MW Electricity From Ughelli Power Plant Apr 16, 2024 0 Transcorp Power has revealed its ambition to boost electricity generation at its Ughelli power plant, targeting a!-->…
Local Local Refinery To Buy Crude In Naira — FG Apr 16, 2024 0 iThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced a new template to facilitate!-->…
Local SEC, Capital Market Community Hold Q1 Meeting Apr 16, 2024 0 The Securities and Exchange Commission (SEC) has revealed plans for the Capital Market Committee (CMC) meeting,!-->…
Banking UBA outlines growth strategies for 2024 Apr 16, 2024 0 United Bank for Africa (UBA) Plc has unveiled its strategies to bolster growth prospects for the 2024 financial!-->…
Local Food inflation hits 40% in Nigeria as prices continue to soar Apr 16, 2024 0 The National Bureau of Statistics (NBS) has reported a staggering increase in food inflation to 40% in March,!-->…
Business N720bn lost to lower crude production in two months- Report Apr 15, 2024 0 Nigeria experienced a significant loss of approximately N720 billion in revenue due to consecutive monthly!-->…
Energy FG begs electricity union to avoid strike Apr 15, 2024 0 The Federal Government has urged members of the National Union of Electricity Employees (NUEE) not to go on strike!-->…
Banking Nigeria’s Tier-1 banks plan $3.03 billion in fresh capital Apr 15, 2024 0 Four of Nigeria's tier-1 banks, including FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and!-->…
World Attacks on Russian refineries may disrupt global oil markets Apr 15, 2024 0 The International Energy Agency (IEA) has voiced support for the United States' stance, indicating that Ukrainian!-->…
Business Zenith bank takes steps to meet CBN’s N500bn capital requirement Apr 12, 2024 0 Zenith Bank Plc has announced its proactive measures to comply with the Central Bank of Nigeria's (CBN) new!-->…
Local Air Peace faces tough competition on London Route as currency rebounds Apr 12, 2024 0 Air Peace recently launched flights on the Nigeria-London route, sparking intense competition with established!-->…
Business Six banks shareholders get N366bn dividends –Report Apr 12, 2024 0 In 2023, investors in six Nigerian financial institutions reaped significant rewards, with final dividends!-->…
Energy FG targets 6,000 megawatts of electricity in 6 months Apr 12, 2024 0 Nigeria's Minister of Power, Adebayo Adelabu, has provided assurance that the country is set to generate 6,000!-->…
Business NNPC Chief pledges increased gas supply to stabilise naira Apr 12, 2024 0 The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Kyari, has vowed to escalate!-->…
Breaking Former CBN Governor Godwin Emefiele Granted N50 Million Bail Apr 12, 2024 0 A high court in Ikeja, Lagos, has approved a N50 million bail for the former Central Bank of Nigeria (CBN)!-->…
Energy 20hrs Supply: DisCos post 37 apologies to Band A customers In 1 week Apr 12, 2024 0 Following the Nigerian Electricity Regulatory Commission's (NERC) recent increase in electricity tariffs for Band!-->…
Trade China’s exports likely swung back to contraction in March Apr 11, 2024 0 A Reuters poll conducted on Thursday suggests that China's exports likely declined in March, following a period of!-->…
Business Nike pins hopes on Olympics to win back market share Apr 11, 2024 0 The company will outfit athletes from various countries, including the United States, Canada, China, Kenya,!-->…
Agriculture US bets on climate friendly farming, plan raises doubts Apr 11, 2024 0 President Joe Biden's administration is incentivizing farmers to adopt practices that store carbon in the soil to!-->…
Technology Amazon CEO eyes cost reductions in fulfillment network Apr 11, 2024 0 Amazon's CEO, Andy Jassy, revealed plans to further reduce costs in the company's fulfillment network, following!-->…