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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…
IMF Urges Nigeria to Enhance Tax Collection for Improved Revenue Generation
The International Monetary Fund (IMF) has advised the Nigerian government to implement a more effective tax…
Dangote Refinery Begins Direct Petrol Supply Amid Rising Imports
The Dangote Petroleum Refinery has commenced direct sales of Premium Motor Spirit (PMS), or petrol, to various oil…
First Bank fixes October 26 for system migration
First Bank has announced plans to migrate to a new cloud-based procurement and financial platform, aiming to…
Mainpower DisCo takes over electricity distribution in Enugu State
Mainpower Electricity Distribution Limited, a subsidiary of the Enugu Electricity Distribution Company (EEDC), has…
Insurance Industry Key to Nigeria’s Economic Transformation, NIA Chairman
The Chairman of the Nigerian Insurers Association (NIA), Mr. Kunle Ahmed, emphasized the critical role that the…
Protesting staff’s request beyond NAFDAC – Consultant
The ongoing strike by the National Agency for Food and Drug Administration and Control (NAFDAC) employees,…
Forex crisis stalls Nigeria’s participation in $3.4tn AFCFTA – Exporters
Four months into Nigeria’s participation in the African Continental Free Trade Area (AfCFTA) under the Guided…
Discos responsible for phased-out meters replacement – FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) has established that power distribution…
BPP seeks to amend procurement law to boost local manufacturing
The Bureau of Public Procurement (BPP) is taking steps to amend the Public Procurement Act (PPA) of 2007, aiming…
Oando hails regulators for taking crucial decisions to improve energy sector
Oando Plc, Nigeria's top integrated energy company listed on the Nigerian Exchange and Johannesburg Stock…
Nigeria Customs Service Wins Golden World Award for Crisis Communication
The Nigeria Customs Service (NCS) has been honored with the prestigious Golden World Award (GWA) for Crisis…
Nigeria still borrowing amid high debt costs
Nigeria's engagement with the global debt market continues to thrive, according to the International Monetary Fund…
Business Journal summit to highlight insurance’s role in economic growth
The Business Journal Annual Lecture 2024 is set to highlight the critical role of the insurance industry in…
UBA grows profit by 20% to N603bn
United Bank for Africa (UBA) Plc announced a 20.2% rise in profit before tax (PBT) for the third quarter of 2024,…
MTN Nigeria Urges Telecom Sector Reforms Amid Mounting Financial Pressures
MTN Nigeria's CEO, Karl Toriola, has highlighted the urgent need for the telecommunications industry to return to…
Nigeria stops Cooking Gas Exports to Address Rising Domestic Prices
The Nigerian government has announced a suspension of the export of Liquefied Petroleum Gas (LPG) to prioritize…
Nigerian Airlines Turn to Dangote Refinery for Local Jet Fuel as Import Costs Soar
Nigerian airline operators have confirmed that, they are sourcing Jet A1 fuel from Dangote's refinery to curb the…
Cardoso canvasses more skilled finance graduates
Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has emphasized the need to address the shortage of skilled…
Inflation Leads To Manufacturers Collapse And Out Of Jobs
Nigeria's manufacturing sector is grappling with severe challenges, including rising energy costs, aggressive…