Category: Local

Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks in…

According to Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Nigeria currently has…

As of July 2023, Nigeria’s pension assets have risen to N17.01 trillion, showcasing a significant increase from N16.76 trillion in…

Investors on the Nigerian Exchange Limited (NGX) have suffered a loss of N757 billion within two days after the demotion…

Nigeria’s equities market continues to experience a negative trend, with more investors opting to sell their holdings to secure profits…

The implementation of Nigeria’s 2023 budget, set at N21.8 trillion, is at risk due to a shortfall in crude oil…

United Bank for Africa (UBA) Plc, often referred to as Africa’s Global Bank, has reported remarkable financial results for the…

After initial concerns regarding the under-utilization of the standard gauge rail line two years post-commissioning, the Federal Government has officially…

The G-20 summit held in New Delhi, India, has concluded, marking a significant stride for the Nigerian delegation, headed by…

The CEO of the Nigeria National Petroleum Company Limited (NNPC), Mele Kyari, and the CEO of the Nigerian Midstream and…

The Nigeria Electricity Regulatory Commission (NERC) introduced a new app on September 11 to oversee the adherence of Electricity Distribution…

President Bola Tinubu’s recent economic decisions, including the removal of fuel subsidies and the unification of exchange rates, have been…

The United Arab Emirates (UAE) has officially lifted the visa ban on Nigerian travelers, ending a nearly year-long restriction along…

The number of metered electricity customers in Nigeria reached 5.47 million in Q2 2023, indicating a notable growth of 10.4%…

A recent report reveals that Nigeria’s fiscal deficit soared to ₦3.68 trillion in the first five months of 2023. This…

In a significant diplomatic breakthrough, the United Arab Emirates (UAE) has officially lifted the visa ban imposed on Nigerian travelers,…

The Central Bank of Nigeria (CBN) issued a directive on Monday instructing commercial banks not to utilize their foreign exchange…

In the first half of 2023, Nigeria’s top insurance companies witnessed a substantial surge in net claims payments, reaching N49.158…

Singapore-based Olam Group has strongly refuted recent reports from Nigerian media claiming its African units were involved in a multi-billion-dollar…

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, assured that President Bola Tinubu’s administration…

The nationwide strike planned by the Medical and Dental Consultants Association of Nigeria (MDCAN) has been postponed for a period…

Nigeria’s President Bola Tinubu engaged in discussions with German Chancellor Olaf Scholz, South Korean President Yoon Suk Yeol, and Indian…

Fitch Ratings has raised alarms over Nigeria’s precarious external reserves, stating that it underscores the country’s susceptibility to external risks…

The Federal Airports Authority of Nigeria (FAAN) has commenced the process of relocating international airlines to the new international terminal…

Between January and August 2023, Nigeria suffered an estimated loss of N335 million due to oil spills, according to data…

In the first half of 2023, Nigeria’s foreign exchange earnings experienced growth, resulting in a foreign trade surplus of N2.22…

The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has emphasized that the N120 billion Unstructured Supplementary…

The Nigerian stock market experienced another downturn on Thursday, resulting in a loss of N112 billion in market capitalization. This…