Banks Raise Lending Rates Following CBN’s Record MPR Hike
In response to the Central Bank of Nigeria’s (CBN) significant increase in the Monetary Policy Rate (MPR), Nigerian banks have…
Category: Local
Edun Blames Inflation on ‘Eight Years of Printing Money without Productivity’
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has attributed the current inflation in Nigeria to…
SEC Introduces Guidelines for Digital Asset Service Providers
The Securities and Exchange Commission (SEC) has announced the development of new guidelines for licensing, registration, and screening of digital…
Reps Move to Establish National Tax Crimes Commission
The House of Representatives has moved forward a bill for the establishment of a National Tax Crimes and Oversight Commission,…
Airtel Buys Back 991,861 Shares from Citigroup
Airtel Africa recently made a significant move in the stock market by purchasing nearly 992,000 units of its shares valued…
Abdulwaheed Odusile Appointed as CEO of KAFTAN Television
Qbdulwaheed Odusile, the former Commissioner for Information and Strategy in Ogun State, has been appointed as the new Chief Executive…
Evercare Hospital Partners with MED-EL Electronics to Address Childhood Hearing Impairment
Evercare Hospital, in collaboration with MED-EL Electronics, has entered into a Memorandum of Understanding aimed at addressing hearing impairment in…
Transcorp Power, FBN Holdings lift Market Cap by N194bn
The Nigerian Exchange witnessed a significant N194 billion gain in market capitalization on Tuesday, largely propelled by the strong performance…
BIC Achieves Double-Digit Revenue Growth
BIC, a leading manufacturing corporation known for its stationeries, lighters, and shavers, has reported a substantial double-digit revenue growth across…
Stakeholders Push for Private Terminal Involvements in Regional Flights
The delay in government approval for the use of Murtala Muhammed Airport Terminal Two (MMA2) for regional flights is causing…
Naira’s Official Exchange Rate Falls by 4.26%
The official exchange rate of the naira against the dollar concluded its three-day winning streak, experiencing a significant decline of…
Tinubu Says his Administration Has Attracted $30 Billion FDI Commitments in 9 Months
President Bola Tinubu disclosed that his administration has secured $30 billion in Foreign Direct Investment (FDI) commitments within the initial…
Dangote Plans Oil Trading Arm for Nigerian Refinery, Sources Say
Africa’s wealthiest individual, Aliko Dangote, is reportedly considering establishing an oil trading arm, possibly based in London, to oversee crude…
Report Urges Safe Dismantling of Shell’s Infrastructure
A report on the environmental impact of multinational companies in Nigeria stresses the need for Shell to safely dismantle its…
Power Outage Disrupts National Assembly Proceedings
A significant power outage at the National Assembly on Tuesday caused delays and disruptions to crucial legislative activities. The Senate…
EFCC Intercepts 21 Trucks Loaded with Smuggled Goods
Operatives of the Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) intercepted 21 trucks loaded with food…
Google Africa’s Boss Wins Silverbird Awards
Alex Okosi, the Managing Director of Google Africa, was awarded the Iconic Pioneer Award at the 2023 Silverbird Man of…
Binance Discontinues Naira Services Amid Government Scrutiny
Binance, a major crypto exchange, announced the discontinuation of its services supporting the Nigerian naira (NGN) on its platform, effective…
Abuja Businessman Reacts As Hoodlums Invade, Loot His Warehouse
Murtala Ibrahim Gusau, an Abuja-based businessman, responded to the invasion of his warehouse by suspected hoodlums in the Karmo area…
EFCC Reveals 70% of Financial Crimes Linked to Banking Sector
During the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria in…
Navy Apprehends Ghanaian Vessel for Alleged Crude Oil Theft
The Nigerian Navy announced the arrest of a Ghanaian vessel, Motor Tanker SWEET MIRI, along with its 13-member crew, suspected…
Binance Executives In NSA Custody, Can’t Attend N’Assembly Hearing – Lawyer
The House of Representatives demanded the arrest of top executives of Binance Holdings Limited, a cryptocurrency exchange platform, over allegations…
Aliko Dangote Renames Road after Late Herbert Wigwe
Aliko Dangote, the wealthiest black man globally, announced the renaming of the road leading to the Dangote Oil Refinery in…
Nigerian Police Ban Use of POS Transactions in Stations
Inspector-General of Police, Kayode Egbetokun, has prohibited the use of Point-of-Sales (POS) and other electronic mobile money transaction devices within…
IMF Urges Nigerian Government to Address Widespread Hunger
The International Monetary Fund (IMF) has called on the Nigerian government to take immediate action to combat widespread hunger while…
Nigeria’s Oil Production Faces OPEC Cut Hurdle
Nigeria, Africa’s largest crude oil producer, confronts challenges in its oil production amid OPEC and its allies’ decision to extend…
Fintech Firm Brass to Temporarily Disengage Staff Due to Economic Realities
Fintech company Brass has revealed plans to temporarily disengage an unspecified number of its staff, citing current economic challenges as…
FG to Release 58,500 Metric Tonnes of Rice to Stabilize Market
The Federal Government plans to release approximately 58,500 metric tonnes of milled rice to the market as a measure to…
Nigeria, others to Benefit from UK’s £37.3m Mobile for Development program
The UK government has committed £37.3 million to support the Mobile for Development Program, benefiting Nigeria and other developing countries.…
Transcorp Power Starts First Day of Trading Gaining 10%
Transcorp Power Plc made its debut on the Nigerian Exchange on Monday, March 4th, experiencing a remarkable 10% increase and…