CBN to fine banks delaying customers’ complaints resolution
The Central Bank of Nigeria (CBN) has introduced stringent measures against commercial banks, payment service providers, and financial institutions that…
Category: Local
Tinubu never asked CBN Gov, Cardoso to resign – Presidency
The Presidency has clarified that President Bola Tinubu has not requested Yemi Cardoso to resign from his position as the…
Naira falls to N1,656 at I&E Window amid volatility, but hope for recovery grows as U.S Fed decision looms
The naira weakened to N1,656.49 per dollar at the official exchange window on September 17, 2024, marking a 7.12% drop…
Dangote’s 1,200km gas pipeline abandonment was a business decision, not govt policies- Petroleum Ministry
The Ministry of Petroleum Resources (Gas) has clarified that Dangote Group’s decision to abandon a proposed 1,200km subsea gas pipeline…
Stock Market Gains N607 Billion, Boosted by Access, MTN
The Nigerian equity market recorded a significant gain of N607 billion in market capitalization last week, primarily driven by strong…
Inflation drops to 32% despite petrol price hike — NBS
Nigeria’s inflation rate fell to 32.15% in August 2024, marking a 1.25% drop from July’s 33.40%. However, the rate remains…
Banks sack 49 employees over fraud in Q2
Nigerian banks terminated 49 staff members for involvement in fraudulent activities between April and June 2024, marking a 40% increase…
IPPIS not compromised –FG assures
The Office of the Accountant General of the Federation (OAGF) has assured Nigerians that the personal data of employees on…
Esports firm partners bank on education
E-sports company EStars has partnered with Ecobank Nigeria to promote esports education and equip students with essential life skills. This…
NEITI: FG, States, LGs Shared N3.473tn from FAAC in Q2 2024
The Federation Accounts Allocation Committee (FAAC) disbursed N3.473 trillion to Nigeria’s three tiers of government in the second quarter of…
CBN Appoints Full Board of Directors for Polaris Bank
The Central Bank of Nigeria (CBN) has announced a full board of directors for Polaris Bank, signaling significant progress under…
Firm, UKAid, others plan yam exports
Evolvecrest Global Company Limited, in collaboration with UK Aid and South West Nigerian state governments, has launched a multi-million naira…
Nigeria’s 70% windfall bank tax: Rewarding effort, taxing Luck
In 2023, Nigeria’s President Bola Tinubu introduced major economic reforms, including removing fuel subsidies and liberalizing the forex market. These…
FG set to exploit $7trillion global Halal market
On Wednesday, the Federal Government will unveil a strategy aimed at positioning Nigeria as a global leader in the Halal…
Dangote refinery: Queues now a thing of the past, says Otedola
Billionaire businessman Femi Otedola has praised Nigerian President Bola Tinubu following the start of fuel loading at the Dangote Refinery…
![[ICYMI] Nigeria, UK battle over Air Peace landing right in Heathrow](https://marketnewsng.com/wp-content/uploads/2024/09/KEYAMO-3.jpg)
[ICYMI] Nigeria, UK battle over Air Peace landing right in Heathrow
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has formally protested to the UK aviation authorities over the refusal…
N950/litre Dangote petrol may justify more importation — Marketers
The Nigerian National Petroleum Company Limited (NNPC) has announced that petrol from the Dangote Refinery will sell for up to…
Regency Alliance grows profit to N1.93bn
Regency Alliance Insurance Plc reported a 225% increase in profit after tax for the year ending December 31, 2023, reaching…
Banks borrowed N3tn from CBN in one week – Report
Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria (CBN) through the Standing Lending Facility in…
Emirates Airlines unveils plans for return
After a two-year hiatus due to trapped funds and other challenges, Emirates Airlines is preparing to relaunch flights to Nigeria,…
Stakeholders seek synergy amongst oil industry operators
Chairman of the Major Energy Marketers Association of Nigeria (MEMAN), Huub Stokman, has emphasized the need for collaboration among oil…
Inflows from domestic dollar bond push forex reserves to $36.9b
Nigeria’s foreign exchange (FX) reserves have increased by $337.89 million week-on-week to reach $36.9 billion as of September 12, 2024.…
Cyber Criminals Target Nigerian Businesses with Over 580,000 Threats in 2024
Cyber criminals are increasingly targeting Nigerian businesses, with over 586,000 threats detected in the first half of 2024. According to…
Stockbrokers launch Lagos District Zone
The Chartered Institute of Stockbrokers (CIS) has officially inaugurated its Lagos Island District Society to enhance its membership drive and…
AfDB raises $2bn in new social bond issue
The African Development Bank (AfDB) has launched a new $2 billion social benchmark bond, set to mature on September 18,…
NNPC suspends fresh petrol orders over huge backlogs
The Nigerian National Petroleum Company (NNPC) has closed its petrol application portal, preventing independent marketers from placing fresh orders for…
Nigeria’s trade surplus hits N6.9tn in Q2 – NBS
Nigeria’s foreign exchange earnings saw significant growth in the second quarter of 2024, with the trade surplus rising to N6.95tn…
Maritime workers lament delay in port concession licences renewal
The Maritime Workers Union of Nigeria (MWUN) has called on the Federal Government to urgently renew the port concession licenses…
NNPC Demands Deployment of Its Crude Monitoring Team to Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC) and Dangote Refinery are making strides in their ongoing negotiations over in-country fuel…
Q2 2024: Federal Government VAT Collection Up 9.11% to N1.56tn
In Q2 2024, Nigeria’s Value Added Tax (VAT) receipts rose to N1.56 trillion, representing a significant 99.82% year-on-year growth from…