Nigerian inflation accelerates in April as food prices rise.
The National Bureau of Statistics said that Nigeria’s annual inflation jumped to 22.22% in April, up from 22.04% the previous…
Category: Local
Cook-a-thon: Why Guinness World Records hasn’t verified Hilda Baci’s victory
A world culinary record was successfully broken by Nigerian chef Hilda Baci, and the Guinness Book of Records has recognized…
Investor protection is the SEC’s top priority in fintech regulation.
The Securities and Exchange Commission (SEC), Nigeria’s leading capital market regulator, has stated that one of its primary goals in…
PFAs’ exposure to FGN securities increased 17% to N29.66 trillion as interest rates rose.
The increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in an effort to combat…
Contributory Pensions Increased to N590bn in Q1.
According to National Pension Commission data, the assets under the Contributory Pension Scheme increased by N590 billion in the first…
In one week, stock investors lost N136 billion.
At the end of last week’s trading on the Nigerian Exchange Limited, stock investors lost N136 billion.The All-Share Index fell…
PENGASSAN Warns that Power Supply Crisis in Nigeria may Linger.
According to the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerians who are hoping for better electricity supply…
NDDC Supports the Senate’s Proposal to look into N1tn Spending.
The Niger Delta Development Commission applauded the Senate for taking action to investigate the agency’s account from 2021 to 2022…
Nigeria Leaders Receive N651m Hardship Allowance.
According to research, state governors, including vice president Yemi Osinbajo, may have received around N651.2 million in hardship payments over…
UN: Trade is Crucial for Implementing the 2030 Agenda.
Guy Ryder, the Undersecretary-General for Policy in the United Nations Secretary-General’s Executive Office, claims that trade is a crucial strategy…
Seplat is Mandated to have an Annual General Meeting by the Court.
The annual general meeting of the local energy company Seplat Energy Plc has been mandated by an Abuja-based Federal High…
FG Orders Private Aircraft to Leave Abuja International Airport.
Prior to the new government’s anticipated May 29, 2023,inauguration, the Federal Airport Authority of Nigeria has ordered the immediate transfer…
Reps Query NCC Over Multi-billion Naira USPF Projects.
The Nigerian Communication Commission (NCC) has been questioned by the House of Representatives regarding 1014 projects funded by the Universal…
Nigeria is Ready for Cashless Policy Due to Mobile Transaction Increase.
Economists interpret the recent surge in mobile transaction volumes as a sign that Nigeria is poised for a cashless economy.…
Nigerian Oil Production Falls for First Time in Seven Months.
Nigeria’s crude oil production fell by 38,102 barrels per day in March, a cumulative monthly loss of about 1,181,162 barrels,…
FG Advances Biometric Technology to Stop Illegal Mining.
The federal government, through the Ministry of Mines and Steel Development, stressed that collecting biometrics of registered artisanal and small-scale…
UN Mobilizes N38 Billion for Nigeria’s Agriculture Sector .
In order to enhance Nigeria’s agriculture industry from 2023 to 2027, the United Nations will work with the federal and…
Nigeria’s World Bank Borrowing Hits $14.34 Billion In Q1 – Report.
Nigeria’s borrowing from the World Bank has reached $14.34 billion as of March 31, 2023. This is up from its…
Guideliness for Contactless Payment Systems will be Released by the CBN.
According to the Central Bank of Nigeria (CBN), guidelines will soon be released to encourage the effective and safe usage…
Dangote Announces Date For Commissioning Of Multi-Billion Refineries
On May 22, President Muhammadu Buhari is anticipated in Lagos to officially open the Dangote Refinery.On Sunday, Bashir Ahmad, the…
Lagos-Ibadan Expressway: FRSC Issues Traffic Alert For Travellers
In response to a traffic accident that occurred on the Lagos-Ibadan expressway on Sunday, the Federal Road Safety Corps (FRSC)…
Housing Shortage Would be Resolved Through National Mortgage Policy – El-Rufai
Nasir el-Rufai, the governor of Kaduna State, claims that Nigeria needs a supportive mortgage policy to address its housing shortage.…
Stakeholders Attribute the Collapse of Buildings on Inadequate Regulations
Stakeholders in the built environment contend that the bulk of the nation’s building failures were caused by the failure to…
Fuel Prices might Increase by 250% to N8tn when Subsidies are Removed.
According to the latest intelligence and industry data, when the federal government stops subsidizing PMS in June, between July and…
Naira Crisis, Elections Impact 2023 Revenue.
The Nigerian Exchanges Group said the recent general election and the Central Bank of Nigeria’s rebalancing policy had a negative…
Federal Roads: FG Pays State N860 billion in 8 Years.
The federal government has repaid N859.7 billion to various state governments to reimburse the costs of building federal roads over…
Nigerian Lawmakers Approve $52 billion Central Bank Loan Restructuring.
Nigeria’s House of Representatives approved a plan to restructure 23.7 trillion naira ($52 billion) of short-term central bank loans into…
Poverty Alleviation: FG Slates Budget Allotation for geograhic data.
State Budget and Regional Planning Minister Clem Agba announced that the federal government plans to include geospatial data allocations in…
Nigeria, Iraq Drag OPEC Output Down.
Oil production by the Organization of the Petroleum Exporting Countries fell in April due to supply delays in Nigeria and…
IMF Warns CBN as eNaira Transactions Hit N1.4m.
Kristalina Georgieva, Managing Director of the International Monetary Fund, has warned of the unpredictable “consequences” central bank digital currencies could…