MTN Renovates School In Lagos
MTN has renovated Iwerekun Community High School in Lagos, demonstrating its commitment to improving learning standards. The renovation is part…
Category: Local
NCAA Suspends Permits of 10 Private Jet Operators Over Recertification Issues
The Nigeria Civil Aviation Authority (NCAA) has suspended the Permit for Non-Commercial Flights (PNCF) of 10 private jet operators for…
Tinubu targets production of 2million bpd oil, 6GW electricity, 135m tonnes food
On Thursday, President Tinubu announced a N2 trillion economic stabilization package alongside the National Construction and Household Support Programme. The…
NHIA increases health insurance capitation by 60%, implements 40% fee for service hike in Nigeria
The National Health Insurance Authority (NHIA) has announced substantial tariff adjustments, including a 60% increase in capitation and a 40%…
FG Inaugurates 12 New CNG Stations in Lagos, Abuja
The federal government and the Nigeria National Petroleum Corporation (NNPC) have inaugurated twelve new Compressed Natural Gas (CNG) stations in…
SEC approves Chiemeka’s appointment as NGX CEO
Jude Chiemeka has been officially appointed as the Chief Executive Officer of the Nigerian Exchange Limited (NGX), effective from July…
Union Bank promotes 337 employees
Union Bank of Nigeria has announced the promotion of 337 employees across its various departments. The bank’s Managing Director/Chief Executive…
Access Holdings Kicks Off N351bn Capital Raising
Access Holdings Plc is set to raise a whopping N351 billion through a Rights Issue for its existing shareholders. This…
DisCos further raise Band A electricity tariff, blame operating costs
Electricity Distribution Companies (DisCos) in Nigeria have approved another tariff hike for Band A consumers due to soaring operational costs.…
Senate to receive ‘N6.6trn’ supplementary budget next week
The Senate Committee on Public Affairs, led by Yemi Adaramodu, is set to review a supplementary budget of around N6.6…
FG up to date on debt payments, $700m paid, says Edun
Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, announced that the federal government has paid $700…
NCDMB won’t register oil service providers without capacity – ES
The Nigerian Content Development and Monitoring Board (NCDMB) has announced stricter measures for approving oil service companies. Felix Ogbe, the…
Vehicle importation down by 45% over forex crisis – CGC
Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, revealed a significant 45% decline in vehicle imports during the first…
Industrial and Medical Gases Nigeria Plc Appoints Aminu Ado Chairman
Industrial and Medical Gases Nigeria Plc (IMG) has appointed Aminu Ado as its new substantive chairman. This decision was made…
$1.5bn oil sector divestment deals completed – FG
The Federal Government of Nigeria has announced the successful completion of significant oil divestment deals totaling approximately $1.5 billion. These…
Protests rocks UNIBEN as students shut down Benin-Ore highway over power outage
Students of the University of Benin (UNIBEN) staged a protest on Wednesday, blocking the Benin-Ore Highway to demand an end…
Sanwo-Olu to establish Lagos state sovereign investment fund, lobbies NSIA to invest in Lekki airport project
Governor Babajide Sanwo-Olu of Lagos State announced plans to establish a Sovereign Investment Fund during a meeting with the Nigeria…
No economic growth will happen unless interest rate at 30% goes down – Aliko Dangote
Aliko Dangote, Chairman of the Dangote Group, criticized the Central Bank of Nigeria’s (CBN) decision to raise the interest rate…
Access Holdings commences N351bn ordinary shares offer to shareholders
Access Holdings has launched a rights issue of 17.7 billion ordinary shares at N19.75 per share, totaling N351 billion, aimed…
FG Clears $850m Debt To EU Airlines
The Nigerian government has cleared a backlog of debts amounting to $850 million owed to European airlines, as announced by…
FAKE NEWS ALERT: No Explosion At Zungeru Hydroelectric Dam, Say ED, Police
Siraj Abdullahi, executive director of the Zungeru hydroelectric dam in Niger state, refuted reports of an explosion at the facility.…
Adefeko Calls For Urgent Action To Address Food Insecurity
Ade Adefeko, director of corporate and regulatory affairs at Olam Agri, has called for urgent measures to address Nigeria’s worsening…
Senate Passes Bill To Allow Foreigners In Nigeria Obtain NIN
The Nigerian Senate has passed a bill for a second reading that proposes granting all persons, including foreigners residing in…
Nigeria Air Project Remains Suspended Pending Presidential Decision
The Nigerian government’s Nigeria Air project remains suspended as Minister of Aviation and Aerospace Development, Festus Keyamo, awaits President Bola…
Stanbic, Citibank, Rand lead $1bn capital importation
In the fourth quarter of 2023, Nigeria saw a 2.62% increase in capital importation, reaching $1.09 billion, compared to the…
Nigeria’s N121.6trn Debt Exceeds 50% GDP
PricewaterhouseCoopers International Limited (PWC) has reported that Nigeria’s public debt soared to N121.67 trillion in the first quarter of 2024.…
Credit to government rises by 42% to N28.4trn
Credit to the Nigerian government experienced a substantial month-on-month increase of N8.4 trillion, rising by 42 percent to N28.4 trillion…
Best performing stocks in the NGX in the first half of 2024
The Nigerian Exchange (NGX) achieved a significant growth of 33.81% in the first half of 2024, with the All-Share Index…
Coronation Insurance posts 192% profit growth in 2023
Coronation Insurance Plc has reported an impressive year-on-year profit growth of 192% for the fiscal year 2023. According to the…
Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
Nigeria’s telecommunications sector attracted $191.5 million in Foreign Direct Investments (FDIs) in Q1 2024. According to the National Bureau of…