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Experts Stomp as 40 Presidential Panels Gulp N20bn
Between 2015 and April 2023, research revealed that over N20 billion was set aside for presidential committees…
PFAs Lower Pension Funds’ Bank Investments to N1.6 trillion.
The Contributory Pension Scheme's funds invested in fixed deposits and bank acceptance were lowered by the Pension…
NBS: 5G Increased Foreign Investment in Telecoms by 325%.
Foreign investments in the telecom sector increased by 325.12% in 2022 as a result of increased 4G and 5G rollout.…
Nigerian Unemployment to Reach 41% in 2023, According to KPMG.
According to KPMG, the continued influx of job seekers into the labor market will cause Nigeria's unemployment…
The Petroleum Ministry Seeks Closer Cooperation with NIPSS for Knowledge Sharing.
The National Institute of Policy and Strategic Studies (NIPSS) and the Ministry of Petroleum Resources have…
Nigerians are to Grow Interest in Digital Payment Methods.
The implementation of the cashless policy may have had its problems, but the rising use of digital and electronic…
PenCom Disowns ASSOPEP, Warns that the Group is not Authorized to Process or Pay…
The Association of Pension Desk Practitioners of Nigeria (ASSOPEP) is not associated with the pension business and…
FG Prohibits Internet Banks From Accessing the Contacts and Images of their…
On May 31, 2023, loan apps on the Play Store won't be able to access the contacts or photographs of its users. The…
Operator: CBN’s Strict Monetary Policy is Limiting Bank Profitability.
According to Johnson Chukwu, CEO of Cowry Asset Management, more local lenders would pursue cross-border expansion…
Worldwide Food Costs Decreased by 2.1% in March.
The UN Food and Agricultural Organization stated that in March, global food prices fell for the 12th month in a…
In 2022, Debt Servicing Increased by 14.68%-DMO
According to DMO, N2.93 trillion was spent in 2021 on payments for servicing both domestic and foreign debt.…
Investors Demand Insurance and Pension Growth.
The necessity to expand the insurance and pension sectors has been discussed by financial sector stakeholders.…
Contributory Pension Assets Increased by N1.68 trillion in a Year.
The Contributory Pension Scheme's assets increased by N1.68 trillion, from N13.76 trillion at the end of February…
Reps Seek Compulsory 5 Year service to Nigeria by Doctors before Going Abroad.
The House of Representatives has approved a bill in second reading that would limit the number of medical and…
Obasanjo: The Next Administration must Work to End Ethnic Division in Nigeria
Olusegun Obasanjo, a former president, believed that the future administration would have its work cut out for it…
Rewane: Two US Banks’ Collapse Will Squeeze Funding for Nigerian Fintechs,…
According to Mr. Bismarck Rewane, the Managing Director/Chief Executive Officer of the Financial Derivatives…
UBA Plans to Sell Abuja Disco to Repay a $122 million Debt.
In order to recoup a $122 million debt that the Disco owes it, the United Bank for Africa has made arrangements to…
World Diesel Prices are Declining as the Economic Recession gets Worse.
As the economy sputters, additional refineries start operating, and exports from Russia are rerouted and replaced…
$800m W’Bank Support: NECA Requests that Repairing Refineries Be Given…
The Nigeria Employers' Consultative Association (NECA) has urged the federal government to fix the nation's…
Reps are Looking into Claims that NNPCL Officials Diverted N20 billion.
The Nigerian National Petroleum Corporation Limited is the subject of an investigation by an ad hoc committee…
World Bank: The Value of the Naira Decreased by 10% in 2022.
The World Bank estimates that in 2022, the value of the naira fell by 10.2%. This occurred at a time when the…
LCCI: The Increase of Nigeria’s Public Debt Deeply Concerns Us.
The Lagos Chamber of Commerce and Industry (LCCI) is concerned about Nigeria's national debt, which will expand…
Nigerias’ Financial Crisis Lowers Productivity in the Private Sector.
In March 2023, the private sector of the Nigerian economy saw productivity steadily decline as a result of the…
Senate Debates Buhari’s Request for a N9.6 billion Refund to Plateau and…
Ahmad Lawan, the President of the Senate, requested that the Senate Committee on Foreign and Local Loans take into…
Senate Indicts NNPCL for Withholding Information on N102 billion.
The Nigerian National Petroleum Corporation Limited (NNPCL) was indicted by the Senate for failing to submit…
NCDMB Opens a N7 billion Pipe Manufacturing Facility.
The groundbreaking ceremony for a N7 billion pipe manufacturing facility at Polaku, Bayelsa State, was conducted…
Nigeria’s Poor Oil Output will Impact OPEC+ Supplies.
According to a Reuter article, Nigeria and Angola are to blame for the OPEC oil output being one million less than…
Broadband Subscribers Increase Consistently, Reaching 92.6 Million in February…
According to data given by the Nigerian Communications Commission (NCC), Nigeria's broadband subscribers increased…
Subsidy Removal: FG to Disburse $800 million to 50 million Nigerians.
According to Finance Minister Zainab Ahmed, Nigeria has received $800 million from the World Bank to expand its…
FEC Approves N392.786bn Contracts for Works Ministry, Customs, and Other.
The Federal Executive Council (FEC) adjourned meeting in Abuja after approving a number of contracts worth a…