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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!-->…
Glo @ 21: Braving the odds to grow Nigeria’s economy
Globacom, the Nigerian telecommunications giant founded by Chief Mike Adenuga, is celebrating 21 years of!-->…
Nigeria opens subscription for five-year domestic dollar bond at 9.75%
The Nigerian government is set to raise $500 million through a domestic dollar bond at a 9.75% annual yield. This!-->…
Equites Opens Week With N750bn Dip
The Nigerian equities market experienced a significant loss of N750 billion due to sell pressures on major stocks!-->…
Nigeria-Germany trade volume hit $3bn in 2023 – Official
The Consulate-General of Germany in Lagos, Weert Borner, announced that trade between Nigeria and Germany reached!-->…
FX turnover crashes by 21% in first two weeks of August amid CBN’s Retail Dutch…
The Nigerian official foreign exchange (FX) market saw a significant decline in turnover during the first two!-->…
CBN unveils new exchange rates for pound, euro as naira settles at N1,579.22/$1
The Central Bank of Nigeria (CBN) announced revised foreign exchange rates, showing slight declines in the naira's!-->…
Why govt is still subsidising electricity, by Adelabu
Minister of Power, Chief Adebayo Adelabu, revealed that the Nigerian government heavily subsidizes electricity, as!-->…
NNPC Pledges 221,000bpd To Repay $5.5bn Loans
The Nigerian National Petroleum Company (NNPC) Limited has pledged 221,000 barrels per day (bpd) of crude oil to!-->…
Amidst fuel crisis, NNPC Retail cedes total control to OVH
The ownership of NNPC Retail, the downstream arm of the Nigerian National Petroleum Company Limited (NNPC), has!-->…
NNPC battles deepening fuel scarcity, black market booms
The Nigerian National Petroleum Company Limited (NNPC) promised to resolve the ongoing petrol scarcity by!-->…
MTN, others get permits to generate electricity
The Nigerian Electricity Regulatory Commission (NERC) has issued nine new off-grid generation licenses in the!-->…
FG shifts N150bn loan disbursement for manufacturers to September
The Federal Government has delayed the start of a N150 billion loan disbursement for manufacturers and MSMEs to!-->…
NAHCO denies N778m fraud allegations
The Nigerian Aviation Handling Company (NAHCO) has strongly denied allegations of fraudulent activities related to!-->…
N847bn lost as equity market extends downtrend
The Nigerian equity market continued its decline for the second week, shedding N847.03 billion as the All-Share!-->…
External reserves shed $343m in nine days, says CBN
Nigeria’s foreign exchange reserves fell by $342.97 million in just nine days, reducing the total to $36.53!-->…
FCMB appoints new board members
First City Monument Bank Limited has appointed Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of!-->…
Union Bank begins recapitalisation
Union Bank of Nigeria is kicking off a recapitalisation effort to boost its financial stability.
This move!-->!-->!-->…
NSITF Targets One Million Annual Registration, Settles Over 100,000 Claims
The Managing Director and CEO of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Oluwaseun Faleye, announced!-->…
Dwindling Telecom investments: NIGCOMSAT proposes strategic partnerships to…
Nigeria’s telecommunications industry is facing a downturn due to the devaluation of the naira, which has!-->…
Delay In Crude Supply To Dangote Refinery Poses Risk To Nigeria’s Economy — EIU…
The Economist Intelligence Unit (EIU) has raised concerns that further delays in securing crude oil feedstock for!-->…