Nigeria’s exports to Netherlands hit N1.9 trillion in Q4
According to a report by the National Bureau of Statistics (NBS), Nigeria exported goods worth N1.9 trillion to The Netherlands…
Category: Local
Again Zenith Bank named best bank in Nigeria
Zenith Bank Plc has been honored as the Best Bank in Nigeria at the Global Finance Best Banks Awards 2024,…
Airfares expected to drop further as prices plummet by over 50%
Recent findings by Daily Trust have revealed a significant reduction of over 50 percent in international airfares, leading experts and…
Electricity tariff hike looms as FG raises gas price
The Federal Government has announced an increase in the price of natural gas for power generation companies, signaling a potential…
Reduced crude oil exports by Nigeria, Iraq cause plunge in OPEC output
A recent survey by Reuters revealed a significant drop in oil output by the Organization of Petroleum Exporting Countries (OPEC)…
Chams Holdings bounces back with N20.22m profit
Chams Holdings Plc, known for providing identity verification solutions, made a remarkable comeback in 2023, returning to profit with a…
Banks positioned to meet new recapitalization requirements
The Association of Corporate & Marketing Communication Professionals of Banks has expressed confidence that Nigerian banks are well-equipped to meet…
Four banks delay filing of 2023 audited results
Four prominent banks, including United Bank for Africa, Zenith Bank, Stanbic IBTC, and Wema Bank, have disclosed that they will…
Super-sized liquidity returns to Nigeria’s FX market as daily trades near $1bn
Nigeria’s foreign exchange market experienced its highest turnover in a single day since 2017 on Thursday, with a total of…
FG directs banks to deduct 0.375% stamp duty on loans
The Federal Government has instructed commercial banks in Nigeria to deduct and remit 0.375% on all loans disbursed by them,…
FG to arraign Binance, 2 others for alleged tax evasion April 4
The Federal Government is set to arraign Binance Holdings Limited and its top officials, Tigran Gambaryan and Nadeem Anjarwalla, on…
CBN sells N1.64 trillion in treasury bills as higher interest rates attract investors
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which…
Crypto tycoon Sam Bankman-Fried sentenced to 25 yrs in prison
Sam Bankman-Fried, the disgraced cryptocurrency prodigy, received a 25-year prison sentence on Thursday following his conviction in one of the…
Oando PLC suspended from Johannesburg stock exchange over financial reporting delays
Oando PLC, a prominent Nigerian energy company listed on the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE),…
Presco and Okomu Oil Palm companies eeport profit growth
Data compiled by BusinessDay reveals that the combined profit of Presco Plc and Okomu Oil Palm Company Plc surged by…
Naira strengthens as dollar supply increases at official market
Following the Central Bank of Nigeria’s (CBN) decision to raise key interest rates, the Naira has seen further improvement against…
CBN sends strong signals with interest rate hike
Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), sent two significant messages to the investor community with…
2m youths to be trained in Wema Bank/FGN-ALAT programme
Wema Bank has introduced the second cohort for the FGN-ALAT Digital Skillnovation Programme, in collaboration with the Federal Government of…
Huawei partners with banks, revolutionize finance
Leading banks in Nigeria, including Access, Zenith, and UBA, gathered in Lagos for the Huawei Finance Congress, where Huawei introduced…
Protesters block PH airport entrance over lack of amenities
Residents of Omagwa and Ipo communities in Rivers State staged a protest at the entrance of the Port Harcourt International…
Leadership dispute emerges at Eko DisCo
A dispute over leadership has arisen at the Eko Electricity Distribution Company (EKEDC), with conflicting statements regarding the status of…
Dangote, Elumelu, Rabiu, others make Tinubu’s economic team
President Bola Tinubu has given the green light for the establishment of two crucial bodies aimed at addressing Nigeria’s economic…
Make Report Of Betta Edu Probe Public – Group
The Youths Vanguard For Democracy and Good Governance has urged President Bola Tinubu to ensure transparency in the investigation of…
Executive Order: Jos business owners lament Impact On Operations
Business owners in Jos, the capital of Plateau state, are expressing frustration over the prohibition of trucks from business areas…
Customs: cargo clearance drops by N124 To N1,448/$
The Nigeria Customs Service (NCS) has significantly reduced the exchange rate for cargo clearance and import duties collection from N1,572.5/$…
CBN sells $10,000 to each BDCs at N1,251/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, announcing the sale of…
NDIC calls on EFCC to return recovered funds
The Nigeria Deposit Insurance Corporation (NDIC) has urged the Economic and Financial Crimes Commission (EFCC) to return recovered funds to…
FG allocates land for diaspora city project in Abuja
The Minister of Housing and Urban Development, Ahmed Dangiwa, has announced that the Federal Government has allocated 675 hectares of…
Access bank launches offline banking platform
Access Bank Plc has introduced an offline banking platform called 901.ng to provide customers with an additional channel for conducting…
BOI launches palliative food programme, support Nigerians
Launched by the Minister for Industry, Trade and Investment, Dr. Doris Uzoka-Anite, the Bank of Industry (BoI) has initiated a…