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20 Directors Jostle To Replace Fired AGF
The Federal Government has issued a circular to appoint a new and substantive Accountant-General of the…
Nigeria’s Central Bank Says Both Merchant And Consumer Can Now Present QR Codes…
The Central Bank of Nigeria has announced a significant adjustment to the Quick Response (QR) Code Framework.…
Debt, Inflation, Forex killing Economy, LCCI Warns FG- Nigeria.
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the…
Fidelity Bank Takes Over Three Discos, FG Intervenes- Nigeria.
The Federal Government announced the takeover of Kano, Benin and Kaduna electricity distribution companies by…
Solid Minerals Imports Rise By 74% In 12 Months
Recently, the value of solid minerals imports rose by 74.39% from N23.56bn in the first quarter of 2021 to…
Oil Prices Bounce Back From Tuesday Tumble As Supply Concerns Return
Oil prices rose as much as nearly 3% before paring some gains as investors piled back into the market after a…
Oil Tumbles 9% On Recession Demand Destruction Fears
Oil plummeted about 9% in the biggest daily drop since March on growing fears of a global recession and lockdowns…
Crypto Lender Voyager Files For Bankruptcy.
Voyager Digital (VOYG.TO) has filed for bankruptcy, the crypto lender said in a statement, a week after…
NSITF Pays N300m Compensations To Employers, Employees- Nigeria.
According to the Nigeria Social Insurance Trust Fund,N306,554,896 was reimburse out over the previous four months;…
NAICOM Revokes Niger Insurance, Standard Alliance Licences, Appoints Liquidators
Following the failure of several palliatives to strengthen both Niger Insurance Plc and Standard Alliance…
FG Reveals Why It Is Pushing For More Public Private Partnerships In Nigeria
The Federal Government has declared that the current financial situation of Nigeria brought about by the global…
Court Restrains Kano Govt From Borrowing N10bn For CCTV Cameras- Nigeria.
A Federal High Court sitting in Kano presided over by Justice Abdullahi Muhammad Liman has restrained Kano State…
Tinubu To Buy 299.25m Oando Shares, As Exits Trail SEC Out-Of-Court Settlement
Wale Tinubu and Italian investor, Gabriele Volpi have agreed to acquire shares of minority investors. As they…
First Vessel From Hong Kong Berths At Lekki Deep Seaport- Nigeria.
Three Ship-to-Shore cranes and 10 Rubber-Tyred Gantries critical to the commencement of operations of the Lekki…
Zenith Bank Again Maintains Position As Nigeria’s Best Commercial Bank, And Best…
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022;…
FIRS Extends Deadline For Filing Of 2022 Companies Income Tax Returns To 31st…
The Federal Inland Revenue Service has extended the deadline for filing Companies Income Tax Returns for the 2022…
Samsung To Invest $500 Mln In Mexico, Foreign Minister Says.
Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the…
Naira Falls Across FX Markets As Dollar Supply Dips Significantly
Monday, 4th July 2022: The exchange rate between the naira and the US dollar closed at N425.75/$. This is at the…
Fuel Scarcity: IPMAN Meets NMDPRA, Says Price To Remain N165 Per Litre At…
The Independent Petroleum Marketers Association of Nigeria (IPMAN), which recently warned of massive fuel scarcity…
KongaPay At House Of Lords, London, Signs Historic Partnership With Bibimoney.
KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite…
Over 2,000 Retirees Can’t Get Monthly Pensions – PenCom
No fewer than 2,084 retirees cannot be on monthly pension payments. And have left the Contributory Pension Scheme…
Nigerian adults with bank accounts hit 45% — World Bank
The number of Nigerians with accounts at regulated institutions such as a bank; credit union, microfinance…
Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022
Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022. Therefore,…
Lekki Gardens Signs N25bn Commercial Paper-Nigeria.
Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security…
Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In…
Amidst rising inflation and a gloomy economic outlook, tech startups across the globe bit the bullet in June. As a…
Lagos Pays N42bn Pension Entitlements To 11,349 Retirees- Nigeria.
Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state.The Commissioner for…
Personnel: Health Sector Receives Only 50% Returns On Investment, Says NSSF
The Nigeria Solidarity Support Fund says Nigeria’s healthcare system is in crisis as it currently receives only…
FG’s Ship Financing Fund Rises By 79%, Hits N145bn- Nigeria.
The Cabotage Vessel Financing Fund has risen from $195m to $350m in 2022, representing 79.4 % increase.It will be…
OPEC Faces Critical Oil Production Decision As Nigeria Gets 1.826m Bpd August…
The Organisation of Petroleum Exporting Countries (OPEC) will in August decide whether to continue its current…
NSE Firms Face Costly Dollar Loans As Shilling Weakens- Kenya.
Listed firms are facing higher finance costs as a result of the weakening of the shilling against the dollar.…