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Buhari Seeks a New N819 billion Loan, as Domestic Debt Rises to N22.5 billion.
As the Federal Government proposed a last-minute supplementary budget for the 2022 fiscal year, Nigeria's domestic…
Nigeria Misses OPEC Quota As Oil Production Shortfall Hits 6.9m Bpd In 11 Months.
Between January and November 2022, Nigeria's production of crude oil fell by 6.9 million barrels per day (bpd).…
NBS: In Q3, 2022, Nigeria FG Generated N625 billion in VAT.
In the third quarter of 2022, the federal government collected over N625.39 billion in Value Added Tax (VAT).
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The Total Assets of the Insurance Sector Reached N2.3 trillion.
At the end of the third quarter of 2022, the insurance industry in Nigeria had N2. 3 trillion in total assets.…
Shareholders of MTN Agree to Cancel 7.5 billion Shares.
The shareholders of MTN Nigeria Plc have authorized the cancellation of 7. 5 billion unissued shares in order to…
U.S. Plans to Invest $170 million in African Exports.
The U.S. Government program, Prosper Africa, which aims to increase bilateral trade and investment between the US…
Banks Record the Serial Numbers Provided to Consumers when Using New Naira Notes.
In order to prevent counterfeiting, the Central Bank of Nigeria (CBN) has ordered banks to record the serial…
According to the UK, Nigeria will Lose 25% of its Arable Land.
According to the United Kingdom, the consequences of climate change will prevent Nigerians from cultivating on…
According to Bank CEO, Digital Banking can Promote Financial Inclusion.
Ademola Adebise, Managing Director/Chief Executive Officer of Wema Bank Plc, has stated that the development of…
Banks Reject 94% of Proposals for Export Funding.
Dr. Bamidele Ayemibo, the lead consultant at 3T Impex Consulting, claims that 94% of bank requests for export…
Nigeria FG Aims to Increase Rice Exports – Agriculturist
In order to guarantee a surplus of rice production for export, food security, and job creation, the federal…
Oil Revenue Increases by N308.6 billion.
Due to coordinated efforts by the Nigerian National Petroleum Company Limited and security agencies to stop oil…
World Bank: 80 million Nigerians could Lose their Jobs by 2030.
According to the World Bank, if Nigeria doesn't increase its employment rate, 80 million people of working age…
Abuja and Abia are in the Lead as Food Costs Rise.
According to research by The PUNCH, the Federal Capital Territory, Abuja, and Abia State have taken the lead over…
Finance Bill: Dangote, 7UP, and 170 Businesses might Lose N2.4 trillion Tax…
As the Federal Government plans to phase out some tax waivers from 2022, at least 172 companies may not benefit…
Nigeria Custom Service Reports N1 billion Seizures.
The Nigeria Customs Service's Federal Operations Unit Zone A has said that, in advance of the holiday season, it…
Nigerias Power Sector Debt to NDPHC is at N100 billion.
According to Chiedu Ogbo, the managing director of NDPHC, the electricity industry owes the company more more N100…
Nigeria’s Inflation Picks Up in November, Reaching 21.47%.
According to the statistics office, inflation in Nigeria increased for the tenth consecutive month in November,…
Nigeria’s Growth is Projected by the World Bank to be 3.1% in 2022, Down…
The World Bank stated during a briefing in Abuja that it had revised its growth projection for Nigeria for 2022…
NNPC Scrambles to End Nigeria Fuel Queues.
According to oil marketers, despite a 17 kobo reduction in the ex-depot price of Premium Motor Spirit, also known…
Second Niger Bridge Opens to Vehicular Movements.
The Second Niger Bridge is now accessible to vehicles. A government official claimed that a few minor changes to…
Buhari: Nigeria Committed to Ending Use of Petrol, Diesel Generator.
According to President Muhammadu Buhari, the Nigerian government would make every effort to totally phase out the…
Dangote Cement’s share buyback has been approved by shareholders.
Dangote Cement shareholders unanimously authorized the company's management to conduct a share buyback of up to…
Senate Approves NCC’s N559 billion Budget.
Following the presentation by the Committee on Communications, the Senate passed the Nigerian Communications…
US, Afcfta signs MoU to Promote Business.
The US Chamber of Commerce, through its subsidiary, the US-Africa Business Center, has signed a Memorandum of…
Nigeria’s Import from Russia Dropped by 92%.
Nigeria's import from Russia has crashed significantly, hitting its lowest this year, as the war in Ukraine…
In 2022, Airlines will Pay an Additional $222 billion for Fuel.
According to the International Air Transport Association, airlines will pay an additional $222 billion for fuel…
PenCom has Identified 34 Lenders for the Mortgage Scheme.
The National Pension Commission has released a list of 34 mortgage lenders to begin the mortgage scheme's…
Nigerians Abroad with Expired Passports are Permitted to Return – NIS.
The Nigeria Immigration Service declared that travellers returning to Nigeria may enter the nation using a…
CBN Allocates N10 trillion to Manufacturers.
Aishah Ahmad, Deputy Governor, the Financial System Stability Directorate, Central Bank of Nigeria, has expressed…