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Africa Oil secures 20-year renewal for Nigeria’s Agbami oil field
Africa Oil Corp., a Canadian oil and gas firm, has obtained a 20-year renewal for its Petroleum Mining Lease 52!-->…
Nigerians paid N40bn as road taxes to states in 2023
Nigerians contributed N40.14 billion in road taxes to state governments in 2023, reflecting a 63.36% increase from!-->…
Nigerian Per Capita Income Drops 72.8% to 20-Year Low Amid Policy Missteps
Nigeria’s per capita income has plummeted by 72.8% since 2014, hitting its lowest point since 2004. This stark!-->…
Government allocates N18bn compensation for Lagos-Calabar highway
The Nigerian Minister of Works, David Umahi, announced that N18 billion has been allocated to compensate property!-->…
Court Halts Rivers State Federal Allocation Amidst Budget Approval Dispute
The Federal High Court in Abuja has ordered the suspension of federal allocations to Rivers State, citing!-->…
NSITF Expands Employees Compensation Scheme to Include Informal Sector Workers
The Nigeria Social Insurance Trust Fund (NSITF) is enhancing the security and welfare of informal sector workers!-->…
IPMAN Negotiates Petrol Supply with Dangote Refinery Amid Price Hikes
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is in talks with Dangote Refinery to establish!-->…
Minority shareholders laud NAICOM’s takeover of African Alliance Insurance
The National Insurance Commission (NAICOM) has dismissed the board and management of African Alliance Insurance!-->…
Kia Motors Nigeria Supports AFC Africa Fighting Championship 2024
Kia Nigeria proudly supported the African Fighting Championship (AFC) 2024, held on October 26 at Abuja's National!-->…
TCN restores power in parts of Northern states
The Transmission Company of Nigeria (TCN) has announced the restoration of bulk power supply to several states in!-->…
NAICOM Sacks Board Management Of African Alliance
The National Insurance Commission (NAICOM) has dismissed the Board and Management of African Alliance Insurance!-->…
Credit to government jumps 90% to N42trn amid rising money supply
In September 2024, Nigeria’s money supply reached an unprecedented N109 trillion, marking a 1.68% increase from!-->…
Transcorp Power plans an additional 150MW of electricity generation
Transcorp Power has announced plans to boost Nigeria's electricity generation with an additional 150 megawatts!-->…
FMDQ Group records significant achievements amid challenging economic conditions
In 2023, FMDQ Group Plc navigated significant economic challenges, including inflation, fluctuating exchange!-->…
MTN Nigeria Reports Q3 Profit Amid Ongoing Inflation and Currency Challenges
MTN Nigeria Communications Plc returned to profitability in the third quarter of 2024, reporting a post-tax profit!-->…
UBA Rewards 110 Customers with N42.8m in Legacy Promo Celebrating 75 Years
United Bank for Africa (UBA) recently rewarded 110 customers with a total of N42.8 million as part of its "75!-->…
Nigerian Breweries Reports 75% Revenue Growth Amid Economic Challenges
Nigerian Breweries Plc has announced a remarkable 75% increase in revenue for the nine months ending September 30,!-->…
Moniepoint gains unicorn status after raising $110m from Google and DIP
Nigerian fintech startup Moniepoint has reached unicorn status, now valued at over $1 billion following a $110!-->…
NLC Mourns Loss Of Workers On Active Duty
The Nigeria Labour Congress (NLC) has voiced its sorrow and concern following the October 24 helicopter crash!-->…
CBN, IFC to provide $1bn funding options to Nigerian businesses
The International Finance Corporation (IFC), the private sector arm of the World Bank, has signed an agreement!-->…
Nigeria Supports 600,000 Farmers to Combat Inflation and Boost Food Supply
The Nigerian Federal Government has announced a major initiative to support 600,000 small-scale farmers to enhance!-->…
The Government needs N19tn to complete 2,604 ongoing projects
At a press briefing in Abuja, Minister of Works David Umahi announced the estimated cost to complete Nigeria’s!-->…
43% Of Global Population Lack Mobile Internet Access
A new report by the GSMA reveals that 43% of the global population 3.45 billion people still do not use mobile!-->…
High Costs and Policy Shifts Force Northern Rice Mills to Shut Down Amid Rising…
Rice mills in northern Nigeria are shutting down due to soaring production costs, including skyrocketing diesel!-->…
Nigeria Faces N36 Trillion Annual Loss Due to Untitled Lands
Operators in Nigeria's built environment estimate that the country loses approximately N36 trillion annually due!-->…
NDIC should ensure maximum value from Heritage Bank’s assets
The Nigerian Senate has directed the Nigeria Deposit Insurance Corporation (NDIC) to maximize the value of!-->…
Customs ushers in new leadership with the latest appointments
As the Nigeria Customs Service (NCS) marks the retirement of several senior officials, Comptroller General Adewale!-->…
Dangote Backs Tinubu’s CNG Drive, Invests Over $280m In Trucks, Infrastructure
Dangote Cement Plc has invested over $280 million in compressed natural gas (CNG) technology, making it the!-->…
NLC slams IMF for fuel subsidy removal denial
The Nigeria Labour Congress (NLC) has criticized the International Monetary Fund (IMF) for denying responsibility!-->…
Nigeria Sees Record $57 Billion in FX Inflows by August 2024
Foreign exchange inflows to Nigeria have reached an impressive $57 billion as of August 2024, according to the!-->…