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‘Minor Fire Incident’ at Dangote Refinery Fully Contained, Says Management
A minor fire outbreak occurred at a section of the Dangote Refinery in Ibeju Lekki, Lagos, on Wednesday morning.…
Lagos Battling 2.3m Housing Gap – Commissioner
Lagos State is currently grappling with a significant housing gap of 2.3 million, according to the Commissioner…
CBN discontinues price verification for Form ‘M’ (Effective July 2024)
The Central Bank of Nigeria (CBN) announced that it will discontinue its Price Verification System (PVS) Portal…
Nigeria’s Treasury Bills debt surges to N10.4 trillion, largest balance in…
Nigeria's Treasury Bills (T-Bills) debt has surged to a record N10.4 trillion, marking a 60% increase in just…
IMF says Nigeria, other developing countries lack digital infrastructure for AI
A new report from the International Monetary Fund (IMF) reveals that Nigeria, alongside other developing…
85 million Nigerians lack access to electricity — USAID
At a conference themed “Powering Nigeria: Mobilizing Private Capital,” Melissa Jones, Mission Director for USAID,…
Otedola tightens grip on First Bank, acquires more shares
Billionaire businessman Femi Otedola purchased a total of 9,193,339 units of shares across two tranches, amounting…
EU seeks areas to invest part of 150bn Euro sub-regional package
The European Union (EU) is exploring potential investments in Nigerian ports as part of its €150 billion…
Consolidated Hallmark Holdings grows revenue by 32%
Consolidated Hallmark Holdings Plc has announced a robust financial performance for the year 2023, achieving a 32%…
Nigeria advances internet connectivity with $2bn fibre-optic project
In an initiative aimed at enhancing Nigeria’s connectivity infrastructure, Finance Minister Wale Edun addressed…
SEC, NGX Group agree to capital market digital transformation
The Securities and Exchange Commission (SEC) has announced its support for the Nigeria Exchange Group (NGX) in its…
U.S. crude imports touch two-year high despite lukewarm demand
In May, U.S. crude oil imports reached their highest level since July 2022, averaging 3.1 million barrels per day…
Nigeria’s gas export drops 25% on low output, exits
Nigeria's gas exports have decreased by 25% to their lowest level in three years, mirroring a similar decline in…
Naira Depreciates by 0.71% Against Dollar
On Tuesday, the naira faced renewed pressure in the official foreign exchange market, depreciating by 0.71%…
FEC Steps Down Minimum Wage Memo for Further Consultations by President Tinubu
On Tuesday, the Federal Executive Council (FEC) decided to step down the minimum wage memo to allow President Bola…
Kogi IGR Increases To N23.5bn
Kogi State's internally generated revenue (IGR) has increased from N6.5 billion to N23.5 billion annually over…
NSIA Announces 26 Start-Ups For $220,000 Accelerator Prize For Innovation
The Nigeria Sovereign Investment Authority (NSIA) has revealed the 26 start-ups advancing to the accelerator stage…
Access Bank Launches Season 6 of Womenpreneur Pitch-A-Ton Programme
Access Bank has opened registration for the sixth season of its Womenpreneur Pitch-A-Ton programme, aiming to…
Sterling HoldCo Gets Shareholders Approval to Raise N200bn Fresh Capital
At its inaugural Annual General Meeting (AGM), major shareholders of Sterling Financial Holdings Company Plc.…
Pensioners with Heritage Bank to provide accounts
The Pension Transitional Arrangement Directorate (PTAD) has requested Defined Benefit Scheme (DBS) pensioners with…
World Bank Allocates $45.5M to Nigeria’s NIMC for Digital ID Project
The World Bank has disbursed $45.5 million to Nigeria’s National Identity Management Commission (NIMC) under the…
Salpha Energy gets €25,000 grant for Ashden Award
Salpha Energy has been awarded a €25,000 grant for winning the 2024 Ashden Award for Energy Innovation, supported…
FG tackles revenue leakage, deploys Central Disbursement Solutions
The Federal Government of Nigeria is launching a new revenue management system called 'Revenue Assurance and…
Crypto Traders Lose Over $280m
The cryptocurrency market is facing significant losses after its second-worst weekly decline in 2024, with…
Annual Report: NGX Slams N76.8m Fine On 9 Firms
The Nigerian Exchange Limited (NGX) has fined nine listed companies a total of N76.8 million for failing to submit…
Shoprite to Close Novare Central Mall Branch in Abuja by June 2024
Shoprite Mall has announced it will cease operations at its Novare Central Mall branch in Wuse Zone 5, Abuja,…
APM Terminals Recycles Used Tyres Into Footwear
Determined to tackle the issue of used tyres littering Lagos, transport and logistics giant APM Terminals has…
RT Briscoe To Raise N10bn With Investment Scheme
RT Briscoe has launched a flexible investment plan aimed at supporting its 43,000 shareholders, mostly retired…
Dangote Oil Refinery Faces Delay in July Launch Due to Crude Shortage
Dangote Oil Refinery's much-anticipated entry into the petrol supply market in July might face delays due to a…
CBN grants IMTOs naira access to boost remittances
The Central Bank of Nigeria (CBN) has announced new measures aimed at enhancing naira liquidity and increasing…