Former Arik Management and AMCON Quarrel over the Acquisition of an Airline
The Federal High Court’s Friday ruling in Lagos has sparked a dispute between Asset Management Company of Nigeria (AMCON) management…
Category: Local
Leadway Achieves N104.4 Billion In Total Premium, Being The First Insurance Company
Leadway has become the first insurance business in Nigeria to reach the 3-digit billion milestone.With total premiums collected of N104.4…
LFZ completes the N17.5 billion 20-year Series 3 Infrastructure Fixed Rate Issuance
The Lagos Free Zone Corporation (“LFZC or LFZ”) has announced the successful issue of a N17.5 billion 20-Year Series 3…
Chinese Loans Increased by 209% Under Buhari, Reaching $4 billion.
Under Major General Muhammadu Buhari, the amount borrowed by the Federal Government from China has increased by 209.15 percent (retd.)…
OPEC and its Partners Start New Oil Output Curbs.
The Organization of Petroleum Exporting Countries and its partners, known as OPEC+, announced voluntary cutbacks to their crude oil output…
Oseni Becomes the Next Substantive MD of Wema Bank.
Moruf Oseni will serve as the managing director and CEO of Wema Bank Plc, with effect from April 1, 2023.…
Lack of Foreign Currency and Rising Aviation Fuel Prices are to Blame for Higher Airfares.
Airlines have faced significant challenges as a result of the high cost of aviation fuel, which accounts for a sizable…
According to the UN, 64.3 million Nigerians Lack Access to Sufficient Food.
According to the World Food Programme, a part of the United Nations, 32% (64.3 million) of Nigerians do not have…
NICA Establishes Governance Committees
The National Institute of Credit Administration’s governing council has established committees, which were inaugurated by the institute’s president, Mr. Andy…
Lagos and Fintech Sign an Agreement to Increase IGR
A Memorandum of Understanding between the Lagos State Government and eTransact has been struck in order to control uncontrolled development,…
Alison-Madueke, Aluko, and Omokore’s Fraud Proceeds were Recovered by the US for Nearly $53 million.
The U.S. Department of Justice said that two civil actions seeking the forfeiture of different opulent assets that were the…
US Increases Non-immigrant Visa Application Fees
A rise in some non-immigrant visa application (NIV) processing fees has been announced by the US.The increases took effect on…
FEC Approves N24.2 Billion For Free WiFi At Markets And Airports.
The Nigerian cabinet has approved N24.2 billion for the installation of Internet access at 20 airports, several educational institutions, and…
Government and Investors to Install 1,000 Mini-Grids Nationwide
The deployment of 1,000 mini-grids to electrify rural towns around the nation was started by the federal government in collaboration…
NDDC Adopts a New Youth Development Program.
According to the Niger Delta Development Commission, a novel idea for collaborating with the Niger Delta Chamber of Commerce in…
Russia-Ukraine Conflict Could Spur Food Production in Africa – Osinbajo
Vice President Yemi Osinbajo said the ongoing situation between Russia and Ukraine should serve as a wake-up call for African…
Federal Government $22bn Loan Request Rejected by Chinese Bank.
On Tuesday, the House of Representatives accepted the federal government’s proposal to borrow $973,474,971.38 from the China Development Bank. This…
NIMC Requests a Revision of the Procurement Act.
Hadiza Dagabana, the National Identity Management Commission’s director of legal and regulatory affairs, has demanded that the Public Procurement Act…
Nigerians in Diaspora Fear that Hardship may Cause Remittances to Decline.
According to the research, the country received an estimated $21 billion in remittances, making it the largest recipient market in…
Egg Glut: Poultry Farmers Want Government Assistance
Lagos’ poultry farmers have complained about the market’s oversupply of eggs and asked the government to take the surplus off…
Emefiele Begs NLC to Halt the Protest over the Naira Shortage.
Godwin Emefiele, the governor of the Central Bank of Nigeria, appealed to Chris Ngige, the minister of labor and employment,…
Nigeria’s Money Supply Reaches N53tn in February 2023.
The amount of money in circulation in Nigeria increased to N53.3 trillion from N52.2 trillion at the start of the…
Mobile Subscriptions Increased to 226 million.
According to the Nigerian Communications Commission’s most recent industry figures, mobile subscriptions increased by 4.61 million to reach 226.84 million…
NPC Requests Nigerian Involvement and Pledges a Reliable Census
Nasir Kwarra, the chairman of the National Population Commission, has urged Nigerians to volunteer to be counted during the next…
Zenith Bank CEO is Honored by UNN
Ebenezer Onyeagwu, group managing director and chief executive officer of Zenith Bank Plc, received a doctorate in business administration from…
Review the Cashless Policy, Small Business Owners Urge FG
The Central Bank of Nigeria has been requested to examine its cashless policy by small company owners operating under the…
Osun Seeks for Potential in AfDB’s $618 million Tech Fund
Ademola Adeleke, the governor of Osun State, stated his administration’s willingness to work with the African Development Bank and take…
Costs Rise as Foreign Airlines Increase the Currency Rate.
Over $743 million in stranded cash were being used by international airlines coming into Nigeria as of January this year.…
Auto Manufacturer Laments Industry Difficulties
Diana Chen, the chairman of CIG Motors Co Limited, stated that insecurity and an unstable electrical supply were two challenges…
Naira Scarcity: Crowds Overflow Banking Halls as Branches Ration Cash
Kwara branches are cashless. The CBN “order” was not followed, according to bank managers in Ilorin, the capital of Kwara…