Nigeria sees 16% drop in POS transactions on bank transfers
Point-of-Sale (POS) transaction values in Nigeria experienced a notable downturn in the first quarter of 2024, witnessing a decline of…
Category: Local
NNPC resume crude oil production at Awoba field after shutdown
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner, Newcross Exploration and Production Ltd., have restarted…
JAMB to reimburse fees for visually-impaired UTME candidates
The Joint Admissions and Matriculation Board (JAMB) has announced plans to reimburse fees paid for forms by visually-impaired candidates of…
Nigeria eyes $30bn from debut forex bond
Nigeria is getting ready to borrow money from international investors by selling its first foreign currency bond. The country hopes…
Stable Naira appreciation expected to ease Inflation
Analysts predict that the recent stability in Nigeria’s foreign exchange market, along with the strengthening of the naira, will help…
10 Of 39 MDAs scored above 50% in business facilitation — PEBEC
The Presidential Enabling Business Environment Council (PEBEC) has revealed that only 10 out of 39 government Ministries, Departments, and Agencies…
FG expects $2.2 billion World Bank loan and AfDB budget
The Federal Government of Nigeria anticipates receiving a $2.2 billion single-digit interest loan from the World Bank and additional budget…
Transcorp hotel reports 36.2% revenue growth
Transcorp Hotel Plc has revealed a notable increase of 36.2% in its revenue for the year 2023. During a presentation…
Dana Air introduces health initiatives for staff and customers
Dana Air, a prominent Nigerian airline plans to host health talks and screenings for staff and regular customers, scheduled to…
Massive banking stocks sell-off persists
The banking sector witnessed a significant sell-off last week ahead of the Central Bank of Nigeria’s (CBN) recapitalization exercise, resulting…
FG to commercialize FMBN to enhance housing delivery
The Federal Government says it is reviewing loans and projects estimated at $500m executed by the Nigerian Content Development and…
FG reviews $500 million loans and projects by NCDMB
The Federal Government is conducting a review of loans and projects totaling $500 million executed by the Nigerian Content Development…
Aviation threatens strike over aviation agencies’ revenue deduction
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) has issued a threat of industrial action if the Federal…
Afriland Properties records 34% increase in profit
Afriland Properties Plc, a property management, investment, and development company, has reported a profit before tax of N2.41 billion for…
Ghana deal with bondholders ‘a matter of time’, says IMF official
An IMF official stated that Ghana reaching a restructuring agreement with holders of its international bonds is more a matter…
Report shows FG may criminalise fiber cable damage -Report
Nigeria is taking steps to make it a crime to damage broadband fiber cables following complaints from major telecommunications companies…
SEC vows to block illicit funds in capital market
The Securities and Exchange Commission (SEC) is taking a firm stance against the influx of illicit funds into the capital…
Banks set for aggressive dividend payouts- Report
A report by Ernst and Young Global Limited (EY) suggests that Nigerian banks are gearing up for robust dividend payouts…
Nigeria issues N8 trillion in securities to boost economy- Minister
Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, revealed that the fiscal authority has collaborated with…
Rising unemployment make Nigerians tap into pension savings
As unemployment rates climb in Nigeria, pension savings have become a vital source of immediate financial support for many individuals,…
Binance collaborates with gov over detention of executives
The Economic and Financial Crimes Commission (EFCC) of Nigeria is prosecuting Binance for alleged money laundering totaling over $35 million.…
Paddy prices begin to decline
Over the past three years, the cost of paddy ranged from N9,000 to N20,000 per 100kg bag, influenced by factors…
Reps urges SEC and FRC to resolve N45 Billion revenue dispute
The House of Representatives Public Accounts Committee has instructed the Securities and Exchange Commission (SEC) and the Fiscal Responsibility Commission…
CBN tightens monetary policy, limits banks’ ability to lend
In Nigeria, the Central Bank (CBN) is taking steps to control inflation by tightening its monetary policy, but it’s having…
Access bank to reward 15,786 customers in DiamondXtra campaign
Access Bank has unveiled its Season 16 DiamondXtra campaign, aiming to reward its loyal customers with exciting prizes. The bank…
Tinubu applauds Dangote Group for diesel price reduction
President Bola Tinubu has praised Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil (diesel), which…
Tariff increase to worsen economic instability — private sector
The Organised Private Sector (OPSN), composed of prominent Business Membership Organisations (BMOs), has raised alarm over the recent surge in…
Data shows CBN not defending naira with FX reserves
Recent data from FMDQ Securities Exchange reveals that the Central Bank of Nigeria (CBN) has conducted rare interventions in the…
Devaluation woes sweep 1,600 Nigerians off dollar millionaire list
A recent report by Henley and Partners, a London investment migration consultancy, has revealed a significant decrease in the number…
Shippers council implements e-registration to boost port security
The Nigerian Shippers Council (NSC) has announced the introduction of e-registration for regulated port service providers and users, aiming to…