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Infinity Trust Mortgage Bank plans N50bn capital raise
Infinity Trust Mortgage Bank Plc has unveiled plans to raise N50 billion through private placement to bolster its…
NGX Regco backs FRC on new reporting standards
Olufemi Shobanjo, CEO of NGX Regulation Limited, praised the Financial Reporting Council of Nigeria (FRCN) for its…
Equity market extends loss by N65bn
The Nigerian equity market continued its downward trend on Thursday, with a loss of N65 billion as the All Share…
FG installs power plants in six federal universities
The Federal Government, through the Rural Electrification Agency (REA), has successfully installed power plants in…
FG deficit rose to N824bn in April – CBN
Nigeria's fiscal deficit increased marginally by 0.1% to N824.79 billion in April 2024, up from N823.91 billion in…
Crypto trader turns $1000 into $400,000 trading Tron’s memecoin Sunwukong
The crypto community is abuzz after an anonymous trader, identified as TDm2, transformed a $1,000 investment into…
FAAN, NAQS forge partnership to boost air agro export
The Federal Airports Authority of Nigeria (FAAN) has teamed up with the Nigerian Agricultural Quarantine Services…
… Says President, Wale Tinubu not involved in OVH acquisition
NNPC Ltd has refuted allegations that President Bola Tinubu or his relative, Wale Tinubu, were involved in the…
Oando finalises $783m acquisition of NAOC
Oando PLC has completed its $783 million acquisition of Nigerian Agip Oil Company (NAOC), Eni’s Nigerian…
Kolomoni MFB appoints MD
Kolomoni Microfinance Bank has announced the appointment of Yusuf Adeojo as its new Managing Director.
The…
NBA Urges Full Support for Dangote Refinery to End Fuel Scarcity in Nigeria
The Nigerian Bar Association (NBA) has called for the full implementation of President Bola Ahmed Tinubu's…
U.S. to Partner with Nigeria on Chemical Weapons Convention for ECOWAS
The U.S. government has announced plans to collaborate closely with Nigeria to lead discussions on implementing…
FRC to tackle audit failures with new initiative
The Financial Reporting Council of Nigeria (FRC) has reinforced its commitment to enhancing audit oversight and…
NCC orders telcos to block SIM cards 5 minutes after they are reported stolen
The Nigerian Communications Commission (NCC) has issued a directive requiring all telecommunications companies to…
Crude sales in naira’ll exacerbate FX crisis, oil producers warn
The Independent Petroleum Producers Group (IPPG) has cautioned the Nigerian government about the potential…
SUNU Assurances pays out N2.08bn in Claims
SUNU Assurances Nigeria Plc has paid out N2.08 billion in claims to its customers during the 2023 financial year,…
Oil blocks: FG threatens to revoke licenses of firms lacking exploration capacity
The Federal Government of Nigeria has issued a stern warning to companies and individuals holding oil block…
Naira sends mixed signals as Dollar shows some strength
On Thursday, the naira showed mixed performance against the dollar in Nigerian FX markets. It improved slightly to…
Walmart sells $3.74 billion JD.com stake to focus on its own China operations
Walmart has sold its entire stake in Chinese e-commerce giant JD.com, raising approximately $3.74 billion to focus…
NNPC distributes fuel to PH, Warri Depots, addresses scarcity
The Nigerian National Petroleum Company (NNPC) has delivered petrol to depots in Port Harcourt and Warri in an…
Aviation workers halt planned protest over revenue slash
Aviation workers have called off their planned protest against the Federal Government's 50% revenue collection…
Domestic airlines ground 42 aircraft over forex shortage
In the past two years, 42 domestic aircraft in Nigeria have been grounded due to a severe shortage of foreign…
CBN posts highest remittance inflow of $553m in July
The Central Bank of Nigeria (CBN) announced a substantial increase in remittance inflows, reaching $553 million in…
FRC vows to sanction erring auditors, accountants
The Financial Reporting Council (FRC) of Nigeria has vowed to take decisive action against auditors and…
5 banks budget N222bn for cybersecurity
Five major Nigerian banks are raising capital to meet new Central Bank of Nigeria requirements.
They plan to…
$3bn Badagry seaport seeks financial partners
The $2.59 billion Badagry Deep Seaport project is now in its second phase, focusing on implementation and finding…
Don’t Pressure Us To Sell Crude Oil To Local Refineries, Oil Producers Tell FG
The Independent Petroleum Producers Group (IPPG), responsible for 30% of Nigeria's crude oil production, has…
Talks ongoing to resume Nigeria-S’Arabia cargo flights – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, has confirmed that negotiations to resume cargo…
Ibom Air expands fleet operations, takes delivery of second Airbus
Ibom Air has welcomed the arrival of its second Airbus A220-300, furthering its goal to expand fleet operations in…
NPA to implement electronic call-up system at Onne Port
The Nigerian Ports Authority (NPA) is preparing to implement an advanced electronic call-up system at the Onne…