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Slowdown in Nigeria’s ICT Sector: Factors and Implications
Nigeria's Information and Communication Technology (ICT) sector, a key driver of economic growth for over five…
Surge in Pension Fund Transfers: Navigating Opportunities and Challenges
The Nigerian pension landscape has witnessed a significant shift as 178,164 contributors, managing a total of…
Nigeria’s 2024 Budget Deficit Challenges: Balancing Subsidy Removal Gains…
Despite the removal of fuel subsidies, Nigeria faces a historic budget deficit of N9.18 trillion in 2024,…
Equinor Sells Nigerian Business to Chappal Energies: A Shift in Oil and Gas…
Norwegian energy company Equinor has reached an agreement to sell its Nigerian business, including its stake in…
Nigeria Aims to Reduce Budget Deficit in 2024 Through Bold Reforms
Nigeria's President Bola Tinubu has unveiled ambitious plans to narrow the country's budget deficit to…
Bola Tinubu Appoints New Board and Management Team for NNPC Limited
President Bola Tinubu has appointed a new Board and Management team for the Nigerian National Petroleum Company…
FEC Approves N27.5 Trillion for 2024 Appropriation Bill
President Bola Tinubu presided over the Federal Executive Council (FEC) meeting, where the approval of the sum of…
Zenith Bank Signs MoU with French Government to Establish Subsidiary in France
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French government to establish a…
High Development Costs Keep Many Marginal Fields in Nigeria Dormant
Several marginal oil fields in Nigeria remain undeveloped years after being awarded to companies due to the…
Delisting of Union Bank from NGX Results in N132bn Market Capitalization Loss
The delisting of Union Bank of Nigeria's shares from the Nigerian Exchange Limited (NGX) led to a N132 billion…
Fintech Firm BFREE Explores Acquisition of Distressed Loan Portfolios from Union…
BFREE, a German-Nigerian fintech firm, has signed a Memorandum of Understanding (MoU) with Union Bank of Nigeria…
Central Bank of Nigeria Calls for Banking Sector Recapitalization to Support…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has issued a directive calling for the…
Nigeria’s GDP Grows by 2.54% in Q3 2023, Driven by Services Sector
Nigeria's Gross Domestic Product (GDP) grew by 2.54% year-on-year in real terms in the third quarter of 2023,…
Dangote’s $20 Billion Refinery to Start with 350,000 Barrels Per Day
Aliko Dangote, the President/CEO of Dangote Group, has revealed that the $20 billion Dangote refinery in Lekki,…
Companies Raise Salaries by 18.35% to Combat Inflation in Nigeria
Companies in Nigeria increased the salaries of their employees by 18.35% to N29.45 trillion in the first half of…
Binance Witnesses Over $1 Billion Outflows After CEO’s Departure and Guilty…
Binance, a major cryptocurrency exchange, has experienced outflows exceeding $1 billion in the past 24 hours…
NGX and Islamic Development Bank Institute Collaborate to Boost Islamic Finance in…
Nigerian Exchange Limited (NGX) and Islamic Development Bank Institute (IsDBI) joined forces to conduct a…
Oil Spill Response Firm Collaborates with Total Energy and NIMASA to Tackle Egina…
An oil spill response firm has partnered with Total Energy and the Nigerian Maritime Administration and Safety…
Cybersecurity Incident Hits Fortune 500 Title Insurance Company Fidelity National…
Fidelity National Financial (FNF), a Fortune 500 company providing title insurance and settlement services for…
Nigerian LNG Achieves Highest Dividend in 8 Years as Output Rises; Faces…
Nigerian LNG Limited (NLNG), the largest gas exporter in Nigeria, has reported its highest dividend payout to the…
Surge in Fuel Prices Aggravates Production Costs: Diesel Up 25.45%, Petrol Spikes…
Over the last 12 months, the cost of automotive gas oil (diesel) in Nigeria has surged by 25.45%, while premium…
Federal Government to Achieve 18% Tax-to-GDP Ratio in Three Years Through…
The Federal Government of Nigeria aims to achieve a tax-to-Gross Domestic Product (GDP) ratio of 18% within the…
Bank of Industry Pledges Support for Modular Refineries to Address Economic…
Dr. Olasupo Olusi, the Managing Director of Bank of Industry Limited (BoI), has expressed a commitment to…
Nigerian Exchange Limited Loses N35 Billion in Market Capitalization as Key Stocks…
The Nigerian Exchange Limited (NGX) experienced a decline of N35 billion in market capitalization on Wednesday.…
Nigeria’s Equities Market Records a Decline as Investors Take Profit Amid…
Nigeria's equities market witnessed a negative turn as investors opted to take profits, particularly in stocks…
KPMG Forecasts Nigeria’s Inflation to Hit 30% by December 2023 Amid Reforms
KPMG has projected that Nigeria's headline inflation could reach 30 percent by December 2023, attributing this…
Nigeria Rekindles Shipping Tax Dispute, Demands Payment by Year-End
Nigeria has revived a dispute with shipping companies, demanding that non-resident shipping lines settle…
Nigeria Withdraws Civil Claims Against Eni and Shell, Yet Investor Exodus Persists
Nigeria has withdrawn civil claims against energy giant Eni SpA and its partner, Shell, concluding a prolonged…
Nigeria Urged to Prioritize Low-Hanging Revenue Opportunities Over Debt for…
Introduction: Nigeria is being advised to prioritize low-hanging revenue opportunities over increasing debt to…
Nigeria Drafts Bill to Reform Public Finance Management and Treasury Operations
The Office of the Accountant General of the Federation (OAGF) in Nigeria has announced the drafting of a bill…