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Banking

CBN lifts suspension on bank borrowing, sets 31.75% lending rate

Aug 30, 2024 0
The Central Bank of Nigeria (CBN) has reinstated access to its Standing Lending Facility (SLF) following the…
Local

Reps Uncover Over N500b In Unused TETFund For Nigerian Universities

Aug 30, 2024 0
The House of Representatives has pledged to address the challenges preventing Nigerian tertiary institutions from…
Business

OVH Acquisition: CAC dissolves NNPC retail, Nueoil

Aug 30, 2024 0
The Corporate Affairs Commission (CAC) has dissolved NNPC Retail, the downstream arm of the Nigerian National…
Business

NCC uncovers 100,000 SIM cards linked to one individual

Aug 30, 2024 0
The Nigerian Communications Commission (NCC) has uncovered a shocking case where over 100,000 Subscriber…
Business

NNPC absorbing actual costs of petroleum products, says Tonye Cole

Aug 30, 2024 0
Tonye Cole, co-founder of Sahara Group, has highlighted the significant pressure on the Nigerian National…
Business

Concerns as Emirates opens ticket booking in dollars

Aug 30, 2024 0
Stakeholders in Nigeria’s travel industry have expressed concern over Emirates' decision to price tickets on…
Business

Africa’s poverty is man-made, not an act of God – Obasanjo

Aug 30, 2024 0
Former Nigerian President Olusegun Obasanjo recently highlighted the man-made nature of poverty in Africa,…
Business

NUPRC rejects Shell’s $1.3bn onshore asset sale to Renaissance

Aug 30, 2024 0
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reportedly rejected Shell International Plc's…
Business

Birkenstock misses profit estimates as expansion plan hits margins

Aug 29, 2024 0
Birkenstock missed quarterly profit expectations, with its shares dropping 12% in premarket trading. The…
Business

China will not impose anti-dumping measures on EU brandy, for now

Aug 29, 2024 0
Beijing has decided not to impose provisional tariffs on European Union brandy despite finding that it was sold…
Business

Exclusive: US government funding yielded hundreds of patents for China-based…

Aug 29, 2024 0
Research funded by the U.S. Defense Department, NASA, and other government agencies has resulted in over 1,000…
Business

Aviation minister signs MoU with Boeing to facilitate aircraft acquisition

Aug 29, 2024 0
Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, signed a strategic Memorandum of…
Market

Nigeria, Germany target over $500mn in energy deals in 2024

Aug 29, 2024 0
Nigeria and Germany plan to surpass last year’s $500 million in energy deals by targeting even larger agreements…
Business

Nigerian oil grades maintain premium status, Cast light on economy

Aug 29, 2024 0
Nigeria's Brass River, Bonny Light, and Qua Iboe crude oils have surged above the Brent Crude benchmark due to…
Currency

BREAKING: Currency outside bank drops to N3.66 trillion in July, biggest fall in…

Aug 29, 2024 0
In July 2024, the amount of currency outside Nigeria's banking system decreased to N3.66 trillion, marking a 3.32%…
Energy

EKEDC disconnects power supply from UNILAG

Aug 29, 2024 0
Eko Electricity Distribution Company (EKEDC) has disconnected the University of Lagos (UNILAG) from the power…
Trade

Nigeria, Belgium deepen bilateral ties

Aug 29, 2024 0
The Nigerian Ports Authority (NPA) and the Kingdom of Belgium have agreed to strengthen their bilateral…
Business

Nigeria, Benin Republic open dry port trade office in Kano

Aug 29, 2024 0
Nigeria and Benin Republic have jointly opened the Tsamiya Dry Port Trade Office in Kano State to enhance regional…
Business

Elumelu: Tenure limit for bank CEOs inspired Heirs Holdings formation

Aug 29, 2024 0
Tony Elumelu, Chairman of Heirs Holdings Group, revealed that the Central Bank of Nigeria’s (CBN) 2010 policy…
Local

Govt sets Sept 14 deadline for SIM-NIN linkage

Aug 29, 2024 0
The Nigerian Communications Commission (NCC) has announced a new deadline for all mobile subscribers to link their…
Business

Gas suppliers seek end to multiple taxation

Aug 29, 2024 0
The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has called on the Federal Government to tackle…
Business

NEPC reports $2.7bn in non-oil exports half year 2024

Aug 29, 2024 0
Nigeria's non-oil exports generated $2.7 billion in the first half of 2024, reflecting a 6.26% increase from the…
Business

TGI Foods SPV launches N25bn commercial papers

Aug 29, 2024 0
TGI SPV Plc, a special purpose vehicle created by Tropical General Investments Group, has launched N25 billion in…
Business

Without structural gaps, Nigeria’s GDP will grow by 5% – IMF

Aug 28, 2024 0
*The International Monetary Fund (IMF) stated that Nigeria's economy, currently growing at 3.19%, could reach a 5%…
Business

External auditors to examine NNPC N2.6tn subsidy claim

Aug 28, 2024 0
The Federal Government of Nigeria is set to hire an external auditor to verify the N2.7 trillion fuel subsidy…
Business

Reps promises to pass bill on electricity theft

Aug 28, 2024 0
The Chairman of the House of Representatives Committee on Privatisation and Commercialisation, Hamisu Ibrahim,…
Business

AMCON set to sell Ibadan Disco

Aug 28, 2024 0
The Assets Management Corporation of Nigeria (AMCON) plans to sell the Ibadan Electricity Distribution Company…
Business

Recapitalisation: ASHON accuses banks of sidelining stockbrokers

Aug 28, 2024 0
The Association of Securities Dealing Houses of Nigeria (ASHON) has accused banks of bypassing licensed…
Business

Zuckerberg says Biden administration pressured Meta to censor COVID-19 content

Aug 27, 2024 0
Meta CEO Mark Zuckerberg has stated that senior officials from the Biden administration pressured his company to…
Market

Canada to impose 100% tariff on Chinese EVs, including Teslas

Aug 27, 2024 0
Canada has announced plans to impose a 100% tariff on imports of Chinese electric vehicles (EVs) and a 25% tariff…
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NIGERIA

Business

CBN Survey Shows Nigerian Families Strained as Banks Set to Raise Interest Rates

Mar 19, 2026
Business

CBN Tightens BVN Rules to Curb Fraud, Boost Trust in Nigeria’s Digital Banking System

Mar 19, 2026
Business

Nigeria’s Oil Output Drops to 1.48mbpd in February, Raising Doubts Over 2.5mbpd Target

Mar 18, 2026
Business

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World

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

Oct 3, 2024

Walz, Vance clash at policy-heavy vice presidential debate

Oct 2, 2024

Refugees Contribute $124b To U.S. Economy

Oct 2, 2024
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