Browsing Category
Local
CBN Directs Banking Firms Nationwide to Open on Saturdays
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria (CBN)…
According to NBS, 133 million Nigerians are Multidimensionally Poor.
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are…
7000 Businesses and MDAs Owe Nigeria FG N5.2 trillion.
Federal Ministry of Finance's Phil Abiamuwe-Mowete, Director for Information and Press, described Project…
FG Borrows N2.94trn from Debt Market in 11 Months.
According to bond auction data issued by the Debt Management Office (DMO), the federal government borrowed N2. 94…
Fitch Rules Out Further Downgrade of Nigeria’s Rating in Near Term.
In 2016, Nigerian banks experienced a cutoff in their trade lines with overseas correspondent banks as a result of…
No Going Back on Phased Petrol Subsidy Removal in 2023
Mrs. Zainab Ahmed, the minister of finance, budget, and national planning, reaffirmed that the federal government…
Nigerian Authorities Approve a 1,650 MW Hydropower Project.
One of the largest power projects in Nigeria, a 1,650 megawatt (MW) hydropower facility. With a $3 billion price…
Inflation Reaches 21.09% as a Result of Currency Shortages and Fuel Price…
According to the National Bureau of Statistics, the rise in gasoline prices, the dearth of foreign currency, and…
NCC’s 5G Spectrum Auction: Stakeholders Reject Airtels $273 Pricing.
According to Airtel Africa, the Nigerian Communications Commission (NCC) should reserve a spot in the 3. 5GHz…
In 2022, FG Receives $339m from World Bank.
The Federal Government has received $338. 98 million from the World Bank in 2022, which it plans to distribute to…
Diasporans Remits $20 Billion to Nigeria
The Federal Government has agreed to launch a Diaspora Mortgage Loan Scheme for Nigerians living in other…
Nigeria will Execute “Vision 2050” to Raise GDP to $33,000.
The Vision 2020 plan, which ran out of steam two years ago, will be replaced, according to the Nigerian…
Nigeria’s Inflation Rises to 21.09%
The consumer price index (CPI), which gauges how quickly prices for goods and services fluctuate, increased to 21.…
A Scarcity of Raw Resources Affects Manufacturing Enterprises.
Due to a lack of foreign currency, manufacturers are experiencing severe raw material shortages, which is hurting…
The Assets of Nigerian Banks Increased by N10 trillion to N66 trillion.
The Central Bank of Nigeria's most recent statistics show that between August 2021 and August 2022. The assets of…
Under Buhari, CBN Grants $3.5 billion for International Education.
Data acquired on Sunday from the Central Bank of Nigeria's website indicated that under President Major General…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria's first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC)…
Operators Assert that Micro Pensions will Reduce Poverty.
Micro pension plans are a national emergency system to prevent a rise in the poverty rate and reliance on public…
Naira Redesign: CBN Promises to Safeguard Nigerians in Rural Areas.
In light of its intentions to restructure the naira, the Central Bank of Nigeria has vowed to safeguard Nigerians…
90% of the Plan to Enhance Wheeling Capacity by 1000MW is Finished, According to…
The plan to increase grid capacity by the Transmission Company of Nigeria is 90% finished, according to the…
EU Plans to Buy 22million Tons of Nigerian Gas Annually.
With plans to increase gas imports from Nigeria to the tune of 22 million tons annually; the most populous country…
Customers are Charged N715bn by Banks for Electronic Transactions, Among Others.
In the first nine months of 2022, 11 banks charged their clients N714. 61bn in electronic fees and other charges.…
Nigeria’s GDP Expands by 3.54% in the Second Quarter of 2022.
Nigeria's Gross Domestic Product (GDP) grew by 3.54% (year-on-year) in real terms in the second quarter of 2022,…
Peter Obi’s Investment in Anambra was Insignificant, According to Soludo
Peter Obi, the rumored Labour Party presidential contender, is claimed to have invested money in the state…
Buhari Says He doesn’t Own a home in the UK.
The president, Major General Muhammadu Buhari (ret. ), claimed that during his meeting with King Charles III, he…
Tongeji Island in Ogun will House a 400,000-liter-per-day Refinery.
Gasoline Integrated International announced its willingness to develop a $3 billion refinery in the state's…
Banks Will Use Tellers Following Naira Redesign
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an…
Fuel Supply is Hampered by Illegal Charges and the Currency Crisis, say Marketers.
According to the Depots and Petroleum Products' Marketers Association of Nigeria, the problems preventing the…
Nigerian Mobile Transactions Increased to N12.8 trillion in only 9 Months.
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice…
FG Exhorts those on Low Incomes to Adopt Cooperative Housing.
The Federal Government has pushed the development of cooperatives to provide housing options for low and…