Crypto Exchanges Delist Naira from Peer-to-Peer Trading Platforms, SEC Confirms
The Securities and Exchange Commission (SEC) announced yesterday that crypto exchanges have initiated the delisting of the Naira from Peer-to-Peer…
Category: Local
Gas Supply Gets 25% Boost As Tinubu Unveils 3 Projects
President Bola Tinubu recently commissioned three significant gas projects aimed at enhancing energy supply and fostering industrial growth in Nigeria.…
Senate Approves Tinubu’s $500m Loan Request To Finance Mass Metering
The Senate has given its nod to President Bola Tinubu’s request for a $500 million loan to fund the federal…
Naira Recovers to N1,459.02/$ After Week-long Depreciation
The naira made a remarkable recovery on Wednesday, bouncing back to N1,459.02 per dollar after experiencing depreciation for a week…
NACCIMA hosts delegations from China, discusses Nigeria-China trade relations
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) hosted a 22-member delegation from Hunan Province, China,…
SMEs Urged to Leverage AI for Business Growth at Ecobank MySME Webinar
Small and Medium Enterprises (SMEs) in Nigeria have been encouraged to adopt Artificial Intelligence (AI) technology to enhance their business…
Naira Weakens to N1,520 Per Dollar in Parallel Market
The Naira weakened against the dollar, dropping to N1,520 per dollar in the parallel market, down from N1,470 per dollar…
Tetra Pak Names Haithem Debbiche as New Managing Director for West Africa
Tetra Pak, a leading food processing and packaging solutions company, has appointed Haithem Debbiche as the new Managing Director for…
Retail investors pile into stock market despite weaker purchasing power
In the first quarter of 2024, despite facing accelerating inflation, which has eroded purchasing power, retail investors poured N670.89 billion…
NPA Clears Decade-Long Gridlock on Mile 2-TinCan-Apapa Corridor
The Nigerian Ports Authority (NPA) has announced the successful clearance of the notorious decade-long gridlock on the Mile 2-TinCan-Apapa corridor,…
FCTA issues 24-hour notice for demolition of 500 illegal structures in Abuja
The Department of Development Control, under the Federal Capital Territory Administration (FCTA), has issued a 24-hour demolition notice to proprietors…
Militant group demands 25% of Okomu Oil Plc shares after fatal attack on host community
A militant group identified as the “Ijaw Freedom Fighters” launched an attack on the Imariogha community near the Okomu Oil…
NGX earns N6.959 billion revenue from transaction fees, treasury investments
The Nigerian Exchange Group Plc saw a significant increase in revenue for the 2023 financial year, generating N6.959 billion from…
Netherlands Overtakes India as Nigeria’s Second-Largest Trade Partner in 2023
The Netherlands has surpassed India to become Nigeria’s second-largest trade partner in 2023, according to the National Bureau of Statistics…
FG Plans to Empower 5,000 NYSC Members with N10 Million Each for Entrepreneurial Ventures
The Federal Government has announced a plan to empower at least 5,000 members of the National Youth Service Corps (NYSC)…
Nigeria to Navigate Economic Rivalry between US, China, and Russia, says Foreign Minister
Nigeria’s Foreign Minister, Yusuf Maitama Tuggar, highlighted Nigeria’s stance on managing economic competition between global powers like the United States,…
TotalEnergies To Empower 100 African Startups
TotalEnergies is gearing up to support 100 startup businesses across 32 African countries in the 4th edition of the ‘Startupper…
FG eyes new visa application process in weeks to improve accessibility – Minister
The Minister of Interior, Olubunmi Tunji-Ojo, announced that the Federal Government of Nigeria is working on revising the country’s visa…
Interpol Nigeria boosts cybersecurity with digital asset training
In response to the increasing cases of cybercrimes in Nigeria, cybersecurity experts, along with the Nigerian Interpol and local intelligence…
Female techpreneur wins N12 Million prize in ARM Competition
Rita Idehai, a female innovator and techpreneur, has won the prestigious Deji Alli ARM Young Talent Award (DAAYTA) 2024 for…
935 BDC Operators Get CBN’s Forex In NorthWest
The Central Bank of Nigeria (CBN) has provided foreign exchange (forex) to 935 eligible Bureau De Change (BDC) operators in…
NGX lists N4.08bn AVA Infrastructure Fund
The Nigerian Exchange Limited has recently added the AVA Infrastructure Series 1 Fund, worth N4.08 billion, to its trading platform.…
FCMB Profit increases by 192.6% to N31.3bn in Q1
FCMB Group’s profit before tax has seen a massive surge of 192.6% to N31.3 billion in the first quarter of…
Banks cut loans to govt by 73% in March
Commercial lenders significantly reduced loans to the three tiers of government by 73.18% to N19.59 trillion in March 2024 from…
Capital Market Declines by 1.36%
The Nigerian capital market experienced a 1.36% decline last week, attributed to losses by key equities including PZ Cussons, McNichols,…
Labour Begins Nationwide Protests Against Electricity Tariff Hike
Organised labour is set to commence nationwide protests today over the recent electricity tariff hike and removal of subsidy in…
Cybersecurity levy mistimed, should be targeted at the rich, not the poor – NESG
The National Economic Summit Group (NESG) has raised concerns about the timing of the cybersecurity levy directive issued by the…
NPA Introduces E-tags for Improved Cargo Delivery
The Nigerian Ports Authority (NPA), in partnership with Truck Transit Parks Limited (TTP), has initiated the implementation of Electronic tags…
IMF cautions FG against CBN Act amendment
The International Monetary Fund (IMF) has advised against proposed amendments to the Act establishing the Central Bank of Nigeria (CBN),…
Reps ask Shettima, NDPHC to revive Gbarain power plant in Bayelsa
The House of Representatives has called on Vice President Kashim Shettima, who chairs the Board of the Niger Delta Power…