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BDC Operators Struggle with New CBN Guidelines
Bureau De Change (BDC) operators in Nigeria have yet to comply with the new operational guidelines issued by the!-->…
Business registration possible in 24 hours, says CAC ambassador
The Corporate Affairs Commission (CAC) has introduced a Special Registration Portal (SRP) that enables business!-->…
Dangiwa Elected Chair of African Ministers’ Housing Financial Caucus
Ahmed Dangiwa, the Minister of Housing and Urban Development, has been elected as the first chairman of the!-->…
FBN Holdings gross earnings soared by 181% in Q1
FBN Holdings reported a significant 181.43% increase in gross earnings to N1.60 trillion for Q1 2024. Interest!-->…
Caverton Offshore loss worsens to N12bn
Caverton Offshore Support Group's losses after tax worsened by 146.79% to N12.75 billion at the end of 2023,!-->…
High food prices persist despite N1.25tn agriculture budget
Farmers and stakeholders have criticized the rising food prices in Nigeria, despite the federal government!-->…
Naira sells 1,485/dollar as official forex market records $23bn
Forex turnover in Nigeria's official market surged to $23.29 billion over six months, driven by Central Bank of!-->…
NOVA Merchant Bank Transitions to Commercial Bank
NOVA Merchant Bank Limited has obtained approval to transition into a national commercial bank, announced Phillips!-->…
Airport extortion beyond aviation ministry’s control – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, acknowledged that the problem of extortion by!-->…
NNPC shifts $700m gas pipeline delivery date to August
The Nigerian National Petroleum Company Limited (NNPC) has postponed the completion date of the $700 million!-->…
Nigeria Spends $15.55bn on Debt Servicing Over Five Years
The Federal Government of Nigeria spent $15.55 billion on debt servicing between 2019 and 2024, according to data!-->…
Dangote accuses IOCs of plotting failure of its refinery
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, has accused International Oil!-->…
NNPC, TotalEnergies Commit $550m To Boost Domestic Gas Market
In a significant move to enhance Nigeria's oil and gas production, NNPC and TotalEnergies have announced a $550!-->…
First Bank of Nigeria Appoints Olusegun Alebiosu as CEO, Ini Ebong as Deputy MD
First Bank of Nigeria Limited has officially named Olusegun Alebiosu as its new Managing Director and Chief!-->…
Cooking gas price increases by 70% in yearly refill costs for 5kg LPG cylinders
The average retail price for refilling a 5kg Liquefied Petroleum Gas (LPG) cylinder, commonly known as cooking!-->…
FG’s deficit spending rises 8% to N1.07trn
The Federal Government of Nigeria's deficit spending rose by 8.0% year-on-year (YoY) to N1.07 trillion in January!-->…
FG seeks N450 billion from June 2024 bond auction
The Federal Government of Nigeria aims to raise at least N450 billion through its June 2024 bond offer, as!-->…
Olufemi Otedola Becomes Largest Shareholder in FBN Holdings with New Share…
Olufemi Otedola, chairman of FBN Holdings, has acquired an additional 546,674,034 shares through Calvados Global!-->…
Africa Global Logistics Launches in Nigeria, Unveils Growth Plans
Africa Global Logistics (AGL), formerly Bolloré Africa Logistics, has officially launched in Nigeria, aiming to!-->…
Fidelity Bank: we have all it takes to surpass N500b capital
Fidelity Bank Plc has announced a capital-raising initiative of N127.10 billion to enhance its market position and!-->…
WIOCC raises $41 million to expand infrastructure in Nigeria, others
The West Indian Ocean Cable Company (WIOCC) has secured $41 million in debt funding led by IFC and Proparco to!-->…
Nigeria’s Petrol Prices Surge by 223% in May
Month-on-month, the price increased by 9.75%, up from N701.24 in April 2024. The report highlights that the!-->…
Okomu Oil, Presco post 94% growth in profits in Q1’2024 amid rising inflation
The combined profit of Presco Plc and Okomu Oil Palm Company Plc soared by 94.32% in the first quarter of 2024!-->…
World Bank disburses $300m palliative loans, benefitting 3 million Nigerians
The World Bank has disbursed an $800 million palliative loan to assist poor and vulnerable households affected by!-->…
Nigeria’s credit penetration rises to 14%
During the CRC Finance and Credit Conference 2024 in Lagos, CRC Credit Bureau Limited revealed that Nigeria's!-->…
Customs one-year revenue rises by 74%, hits N4.5tn
The Nigeria Customs Service (NCS) has reported a significant 74% growth in revenue collection, reaching N4.49!-->…
Aradel crude production hits 13,000bpd
Aradel Holdings Plc, an indigenous energy company, has announced a remarkable increase in its crude oil and!-->!-->!-->…
Equity market resumes from Sallah holiday with N47bn loss
Investors on the Nigerian Exchange faced losses totaling approximately N47 billion as trading resumed after the!-->…
Federal Government’s Borrowings from World Bank Total $4.95bn in 12 Months
Over the past year, the Federal Government of Nigeria has borrowed a total of $4.95 billion in loans from the!-->…
SEforALL Reappoints Damilola Ogunbiyi as CEO for Second Term
The Sustainable Energy for All (SEforALL) Governance Board has approved the reappointment of Ms. Damilola Ogunbiyi!-->…