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Vehicle importation falls 60.8% in H1’24
Vehicle imports into Nigeria fell sharply by 60.4 percent year-on-year to 10,991 in the first half of 2024,!-->…
Lafarge Africa Unveils Nigeria’s First Low-Carbon Multipurpose Cement,…
Lafarge Africa Plc has launched ECOPlanet Unicem, Nigeria's first low-carbon multipurpose cement, with a 30!-->…
Nigeria imported $2.25bn fuel from Malta — Report
Nigeria has imported $2.25 billion worth of fuel from Malta over the past nine years, with a dramatic spike in!-->…
ICYMI: Construction begins at Midoil refinery
Midoil Refining and Petrochemicals Company Limited has officially started construction activities in Lagos, with a!-->…
Dangote Cement Reports Pre-Tax Profit Of N292.9 Billion, To Pay Tax Of N103…
Dangote Cement Plc reported a pre-tax profit of N293 billion for the first half of 2024, marking a 22% increase!-->…
Meta Removes 63,000 ‘Yahoo Boys’ Accounts
Meta, the parent company of WhatsApp, Facebook, and Instagram, has removed 63,000 accounts connected to 'Yahoo!-->…
First Bank/Visa Promo To Reward 520 Cardholders
First Bank, in partnership with Visa, has launched a Visa Cross Border and Summer campaign running from April 1 to!-->…
CBN’s 26.75% Interest Rate Will Worsen Purchasing Power – MAN
The Manufacturers Association of Nigeria (MAN) has expressed concerns over the Central Bank of Nigeria's (CBN)!-->…
Hardship: Stranded foreign scholars groan as FG slashes allowances
The Federal Government of Nigeria has announced a 12.7% cut in allowances for students studying abroad in!-->…
Certain Workers Excluded from Nigeria’s New N70,000 Minimum Wage
As workers anticipate the implementation of Nigeria's new N70,000 minimum wage, not all will benefit from this!-->…
Naira depreciates to N1,575/$ in parallel market
The Naira depreciated to N1,575 per dollar in the parallel market, down from N1,565 per dollar the previous day.
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CBN sells one-year Treasury Bills at 22.1% in July auction
The Central Bank of Nigeria (CBN) sold one-year Treasury Bills at a 22.1% stop rate during its July 24 auction to!-->…
FCMB posts N64.2 billion pre-tax profit in the first half of 2024
FCMB Group recorded a profit before tax of N64.2 billion in the first half of 2024, a 68% increase from N38.2!-->…
US refiners’ Q2 profits fall on low margins, soft fuel demand
U.S. oil refiners are set to report significantly lower earnings for the second quarter compared to last year,!-->…
Forex: Reps Pass Bill To Impose ‘Windfall Tax’ On Banks
The House of Representatives has approved a bill to impose a 'Windfall Tax' on commercial banks that benefited!-->…
First Bank/Visa Promo To Reward 520 Cardholders
First Bank has initiated a Visa Cross Border and Summer campaign in collaboration with Visa, running from April 1,!-->…
Access Bank Disburses N740b To 18m Digital Borrowers
Access Bank has disbursed N740 billion to 18 million borrowers through its digital lending services since!-->…
FG’s deficit spending falls 29% to N2.83trn in Q1’24
The Federal Government of Nigeria reduced its deficit spending by 29% in the first quarter of 2024, bringing the!-->…
DBN secures access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has become the first Direct Access Entity (DAE) in Nigeria to receive!-->…
NACCIMA, others kick as CBN hikes interest rate to 26.75%
The Central Bank of Nigeria (CBN) has raised its benchmark Monetary Policy Rate (MPR) to 26.75% from 26.25% in an!-->…
Support for Dangote Refinery Swells, Kyari Denies Owning Blending Plant in Malta
Amid ongoing disagreements between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory!-->…
South African rand weakens, eyes on inflation data
The South African rand weakened by about 0.75% in early trading on Tuesday, trading at 18.38 against the dollar as!-->…
ATM transactions decline 13% to N28.2 trn
In 2023, the value of Automated Teller Machine (ATM) transactions in Nigeria decreased by 13.6 percent to N28.2!-->…
We are working on postal reform bill — Postmaster General
The Postmaster General of Nigeria, Ms. Tola Odeyemi, emphasized the importance of passing the long-pending postal!-->…
Electricity: FG targets 9,000MW from renewable energy
The Nigerian government plans for the renewable energy sector to contribute 9,000 megawatts of power by 2030 as!-->…
Incoming CIIN president unveils agenda for insurance industry growth
Mrs. Yetunde Ilori, the incoming president of the Chartered Insurance Institute of Nigeria (CIIN), plans to!-->…
Energy stakeholders brainstorm on midstream, downstream devpt at SPE-NAICE 2024
Professionals and key players in the energy sector will gather at the SPE-NAICE 2024 event to explore advancements!-->…
AEDC Appoints 4th CEO In 11 Months
The Abuja Electricity Distribution Company (AEDC) has appointed Engr Chijioke Okwuokenye as the acting Managing!-->…
Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators (IMTOs) increased by 38.86 percent to $1.07!-->…
Domestic workers must benefit from N70,000 minimum wage – Senate
The Senate and the National Council for Women Society (NCWS) have called for domestic servants to be included in!-->…