World Bank Engages Nigerian Government on Effective Public Fund Utilization
The World Bank has communicated its engagement with the Federal Government of Nigeria to ensure that public funds are utilized…
Category: Local
Floods Trigger Concerns for Nigerian Farmers Repaying N700bn Loan as Lagdo Dam Opens
As flooding engulfs frontline states following the release of water from Cameroon’s Lagdo Dam, over 3.04 million Nigerian farmers are…
Economic Challenges Pose Strain on Nigerian Banks’ Operating Expenses, Warns Agusto&Co
As inflation and economic pressures continue to rise, Nigeria’s deposit money banks (DMBs) are cautioned to brace for stretched operating…
Google’s Former Director for West Africa, Juliet Ehimuan, Joins Zenith Bank’s Board of Directors
Juliet Ehimuan, a distinguished figure in the technology industry and former Director of Google West Africa, has been appointed as…
Tony Elumelu Commends President Tinubu’s Bold Reforms for Long-Term Nation Building
Tony Elumelu, Founder of the Tony Elumelu Foundation (TEF), has praised the administration of President Bola Tinubu for its courageous…
Nigerian Domestic Stock Transactions Surge to N1968.4bn YTD, Foreign Investors Remain Cautious Amid Forex Challenges”
Domestic transactions on the Nigerian Exchange Limited have soared to N1968.4 billion year-to-date, surpassing the entire value of transactions by…
Nigerian BDC Operators and CBN Head for Showdown Amidst Market Manipulation Claims
Bureau de Change (BDC) operators and the Central Bank of Nigeria (CBN) seem to be on a collision course as…
Stock Market Buzz: FBN Holdings, Japaul, UBA, and More Drive Active Trading Frenzy
In a dynamic trading session, the Nigerian stock market witnessed high activity, with FBN Holdings, Japaul Gold, UBA, Access Corporation,…
Nigeria Warns of Potential Flooding from Lagdo Dam Opening in Cameroon
The Nigerian government has issued a warning that several states located along the path of the River Benue could experience…
Central Bank of Nigeria Renews Currency Swap Agreement with China After Expiry
Contrary to previous reports indicating that the currency swap agreement between Nigeria and China had expired, the Central Bank of…
Analysts Predict Second-Half Growth Surge Amidst Q2 Economic Slowdown
Despite the economic growth dipping to 2.51% in the second quarter of the year, experts anticipate that a combination of…
Tony Elumelu Urges Bold Strategies for Nigeria’s Transformation at NBA Conference
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) Plc, emphasized the critical necessity for innovative and bold…
Nigeria’s Unclaimed Dividend Reaches N190 Billion; SEC Implements Reforms for Efficiency
At a post Capital Market Committee (CMC) press briefing, Dayo Obisan, the executive commissioner in charge of operations at the…
Foreign Investment in Nigerian Stocks Hits Lowest Level Since Reform-Driven Rally; Currency Concerns Loom Large
Foreign investment in Nigerian stocks has dropped to its lowest point since President Bola Tinubu’s reforms initiated a significant market…
Surge in BUA Foods and Dangote Sugar Stocks Sparks Market Rally, Adding N324 Billion to Market Capitalization
The Nigerian stock market kicked off the week on a positive note as renewed investor interest in key stocks like…
Unclaimed dividend grows by 7.35% to N190bn, says SEC
The total value of unclaimed dividends in Nigeria has risen to N190 billion, marking a 7.35% increase from the N177…
NCI fund: BoI, NCDMB disburse N38.4bn for oil, gas investors
The Nigerian Content Intervention (NCI) Fund, managed by the Bank of Industry (BoI) under the Nigerian Content Development and Monitoring…
Commercial Banks in Nigeria Seek Central Bank Liquidity Amidst Increasing Borrowing Trend
Commercial banks and merchant banks in Nigeria are turning to the Central Bank of Nigeria (CBN) for liquidity, intensifying their…
Nigeria Loses 400,000 Barrels of Crude Oil Daily to Theft Despite Efforts to Curb Menace
Despite ongoing efforts to combat crude oil theft, Nigeria is still losing around 400,000 barrels of crude oil daily to…
Nigerian Banks and Listed Companies Fined N125m for Failing to Submit Financial Statements
A total of eight banks and 18 listed companies in Nigeria have been collectively fined N125 million for their failure…
Over 88% of Working-Age Nigerians Lack Salary-Paying Jobs: NBS Data Reveals
Recent findings by The PUNCH indicate that a staggering 88.2% of working-age Nigerians are without salary-paying jobs. Data sourced from…
Nigerian Economy Suffers N1 Trillion Loss Across 26 Sectors in Q2 2023
The Nigerian economy continues to grapple with challenges as the food, textile, and 24 other sectors face a staggering loss…
Equity Market Shake-Up: Domestic Investors Steal the Show, Foreigners Left Cautious – NGX Report Reveals
The allure of foreign investments in equities has taken a hit due to ongoing macroeconomic challenges, as revealed in a…
Boosting Export Trade: Nigerian Customs Service to Expedite Local Commodities’ Quick Export
The Free Trade Zones (FTZs) Committee, focused on reshaping Nigerian Customs Service (NCS) operations, has recommended the immediate allowance for…
NCC’s Local Content Initiatives Bolster Telecom Sector: Ban on SIM Imports Spurs Job Creation
The Nigerian Communications Commission (NCC) has revealed that its strategic policies, particularly those focused on local content development, have yielded…
Reviving Tax Amnesty Scheme and Renewed Hope: Nigeria’s Fiscal Policy Reforms”
The Federal Government has unveiled plans to reintroduce the national tax amnesty scheme, as revealed in a statement released on…
Rising Tide of Financial Fraud: Nigerian Banks Grapple with 24,232 Cases in H1 2023
Nigerian banks have been besieged by a surge in fraud incidents during the first half of 2023, totaling 24,232 cases,…
Manufacturing Sector Unemployment Crisis: A Deep Dive into Nigeria’s Employment Conditions
The Manufacturers Association of Nigeria (MAN) has revealed a concerning decline in the Current Employment Condition, indicating a drop from…
Naira’s Decline to N910 Sparks P2P Dollar Rush Amid FX Reserves Concerns
In a dynamic market twist, the Nigerian Naira plummeted to as low as N910 against the dollar, later moderating to…
IHS Towers: Naira’s Rollercoaster Ride Costs $31 Million, Revenue Takes a Dip
The economic landscape takes a twist as IHS Towers, the world’s fifth-largest independent TowerCo, reveals a $31 million hit caused…