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Minimum wage: FG, Labour talks deadlocked, NLC defends N615,000 demand
There are several important stories making the news in Nigeria today. The biggest one is that talks between the!-->…
CBN Raises Interest Rate to 26.25%
The Central Bank of Nigeria (CBN) just announced a rise in interest rates to 26.25%. This means it will be more!-->…
Big Meeting Planned Between Korea and Africa!
There's a big meeting planned between Korea and Africa in early June! This summit is a chance for these two!-->…
Ministry of Marine and Blue Economy set to Harness the Atlantic Ocean
Nigeria has a long coastline on the Atlantic Ocean, packed with resources and potential. To take full advantage of!-->…
Stanbic IBTC Holdings Plans to Raise N550 Billion in New Capital
Shareholders of Stanbic IBTC Holdings Plc have approved a plan to raise N550 billion in new capital. The company!-->…
CBN Faces Tough Choices On Interest Rate, Inflation, Others
The Central Bank of Nigeria (CBN) is at a crossroads, deciding whether to continue raising the benchmark interest!-->…
Foreign Reserves Build Up Despite Naira Volatility
Nigeria's foreign exchange reserves have shown a steady recovery, adding $195.01 million to reach $32.64 billion!-->…
CBN Withdraws Circular on Cybersecurity Levy Collection
The Central Bank of Nigeria (CBN) has retracted its directive that mandated banks and payment service providers!-->…
Afreximbank Reports Net Interest Income Up to 31.73% in Q1
The African Export-Import Bank (Afreximbank) has released its financial results for the first quarter of 2024. Net!-->…
MTN Nigeria CEO Defends Board of Directors’ Remuneration
MTN Nigeria's CEO, Karl Toriola, has defended the remuneration of the company's Board of Directors despite the!-->…
TAJBank Wins Best Islamic Bank in Nigeria Award for 2023
TAJBank Limited, known for its rapid growth in non-interest banking services, has been awarded the "Best Islamic!-->…
Only 20% Registered Entities Pay Annual Returns – CAC RG
The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Magaji (SAN), revealed that only 20% of!-->…
U.S. Factory Production Falls in April
U.S. factory production saw an unexpected decline in April, primarily due to a drop in motor vehicle output.!-->…
China’s April industrial output rises 6.7% but Retail Sales Growth Slows
China's industrial output grew by 6.7% year-on-year in April, showing a significant rise from the 4.5% growth in!-->…
Nigeria Overtakes South Africa as Indonesia’s Top African Investment…
Nigeria has become Indonesia's top investment destination in Africa, surpassing South Africa, with a trade balance!-->…
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
Microsoft is giving cloud computing customers a new option for powering artificial intelligence (AI). They're!-->…
Electricity: Most DisCos are technically insolvent— NERC
During the 8th Africa Energy Market Place 2024 in Abuja, the Chairman of the Nigerian Electricity Regulatory!-->…
FAAC Disburses N1.2trn Revenue To FG, States, LG For April
During the May 2024 meeting of the Federation Accounts Allocation Committee (FAAC), Nigeria disbursed a total of!-->…
FIRS falls short of N4.8trn target, generates N3.94trn in Q1
The Federal Inland Revenue Service (FIRS) did not meet its tax revenue target for the first quarter of 2024,!-->…
Concerns Rise as Dollar Reaches N1,533.99 in Official Market
Nigerians are increasingly worried as the dollar reached N1,533.99 in the official market, creating uncertainty!-->…
Emirates Returns To Nigeria After 25 Months
Emirates, the flag carrier of the United Arab Emirates (UAE), will resume daily flight services between Lagos and!-->…
Tax Burden Threatening Participation In AfCFTA – MAN
The Manufacturers Association of Nigeria (MAN) has raised concerns about the impact of multiple taxation on the!-->…
Tinubu Pledges Support For Local Manufacturers
The federal government is committed to creating a conducive environment for local manufacturers and small-scale!-->…
8 banks pay N200bn as income tax in Q1’24
In the first quarter of 2024 (Q1'24), eight commercial banks in Nigeria collectively paid a total of N200.19!-->…
Deployment of CNG pumps rises 233% — Pi-CNG
The deployment of dispensing pumps for Compressed Natural Gas (CNG) in Nigeria has experienced a remarkable surge!-->…
Crypto Exchanges Delist Naira from Peer-to-Peer Trading Platforms, SEC Confirms
The Securities and Exchange Commission (SEC) announced yesterday that crypto exchanges have initiated the!-->…
Gas Supply Gets 25% Boost As Tinubu Unveils 3 Projects
President Bola Tinubu recently commissioned three significant gas projects aimed at enhancing energy supply and!-->…
Senate Approves Tinubu’s $500m Loan Request To Finance Mass Metering
The Senate has given its nod to President Bola Tinubu's request for a $500 million loan to fund the federal!-->…
Gbarain Power Plant Set to Begin Operations Soon- NDPHC
Mr. Chiedu Ugbo, the Managing Director of Niger Delta Power Holding Company (NDPHC), announced that the 252!-->…
Naira Recovers to N1,459.02/$ After Week-long Depreciation
The naira made a remarkable recovery on Wednesday, bouncing back to N1,459.02 per dollar after experiencing!-->…