US, Afcfta signs MoU to Promote Business.
The US Chamber of Commerce, through its subsidiary, the US-Africa Business Center, has signed a Memorandum of Understanding with the…
Category: Local
Nigeria’s Import from Russia Dropped by 92%.
Nigeria’s import from Russia has crashed significantly, hitting its lowest this year, as the war in Ukraine persists. The foreign…
In 2022, Airlines will Pay an Additional $222 billion for Fuel.
According to the International Air Transport Association, airlines will pay an additional $222 billion for fuel this year. In his…
PenCom has Identified 34 Lenders for the Mortgage Scheme.
The National Pension Commission has released a list of 34 mortgage lenders to begin the mortgage scheme’s implementation. This was…
Nigerians Abroad with Expired Passports are Permitted to Return – NIS.
The Nigeria Immigration Service declared that travellers returning to Nigeria may enter the nation using a Nigerian passport that has…
CBN Allocates N10 trillion to Manufacturers.
Aishah Ahmad, Deputy Governor, the Financial System Stability Directorate, Central Bank of Nigeria, has expressed concern about the poor repayment…
NNPC Increases the Number of Major Marketers to 27
As part of efforts to address the country’s persistent fuel shortage, the Nigerian National Petroleum Company Limited increased the number…
UN Sec-Gen Urges Nigeria to Investigate Mass Abortion Report.
According to U.N. Spokesman Stephane Dujarric, United Nations Secretary-General Antonio Guterres urged Nigerian authorities to look into claims of widespread…
Nigeria will get New Helicopters, Drones, and Attack Aircraft.
According to Chief of Air Staff Marshal Amao, Nigeria anticipates receiving 54 new air assets, including attack helicopters, aircraft, and…
Poor Nigerians are the Target of the New Cash Withdrawal Policy, Says PDP.
According to the Peoples Democratic Party, the Central Bank of Nigeria’s new cash withdrawal policy was designed with low-income citizens…
Cost of Living Crisis: As Food Prices Soar, Families Skip Meals.
Nigeria’s annual inflation continued its seven-month climb in September, rising to 20. 77 per cent, marginally up from 20. 54…
By 2025, SEC Expects to have Invested N5 trillion in Shariah Products.
Lamido Yuguda, the director general of the Securities and Exchange Commission (SEC), stated in Abuja that the recently released Capital…
Nigeria: Second Niger Bridge Will Open To Traffic Dec 15.
According to Jimoh Olawale, the Federal Controller of Works for Delta State, the Second Niger Bridge will open to traffic…
Petrol Marketers give a Seven-day Deadline Regarding the Price Disparity.
In a seven-day ultimatum to the Federal Government, the oil industry has threatened to stop using private depots if the…
Crude Oil : NSA says Nigeria Might Lose $23 billion in 2023.
Major General Babagana Monguno, the National Security Adviser, has cautioned that if crude oil theft continues in the nation, the…
Nigeria: UN, FG Select 13 States for Agric Programme.
In collaboration with the Federal Government, the Food and Agricultural Organization of the United Nations has chosen 13 states for…
Nigeria, Saudi Arabia Sign MoU on Aviation Security.
A Memorandum of Understanding was signed by the Nigerian and Saudi Arabian air accident investigation bodies in order to exchange…
Nigeria National Assembly Suspends Contentious Workers’ Pension Bill.
At the House of Representatives, there was debate over a bill that sought to exclude National Assembly employees from the…
MRS Holding Provided $300m to NNPC for Chevron Assets – Bloomberg Report.
According to a Bloomberg report, Sayyu Dantata, a member of one of the richest families in Nigeria, funded the Nigerian…
Nigeria: FG Recoups N120 billion from Criminal Proceeds.
Following the passage of the Proceeds of Crime (Recovery and Management) Act, 2022, the Federal Government reported that it had…
Lekki Port and LFZ Integration Will Change Nigeria’s Economic Fortunes.
The integration of Lekki Port with Lagos Free Zone, according to Mr. Dinesh Rathi, Chief Executive Officer of Lagos Free…
Trade Between Ghana and Italy Totals €500 million.
Ghana and Italy’s bilateral trade increased to a record high of €520 million in 2021. The Italian ambassador to Ghana…
Fed Govt Opens Application for December Savings Bonds.
The Federal Government opened the application list for its monthly retail bond issuance, also known as the Federal Government of…
Nigeria’s Oil Production Climbs to 1.6m Barrels.
Nigeria’s crude oil output is increasing again, rising to about 1.6 million barrels per day. Nigeria has failed to meet…
Geregu Power Share Price Fall 9.8% on Sell Pressure.
Investors lost about N30.250 billion as a result of the selling pressure that was seen on Geregu Power Plc shares…
Nigeria: DMO Demands Effective Tax Management.
The Director-General of the Debt Management Office, Ms. Patience Oniha, has urged Nigeria to run an effective tax administration in…
BIS Issues a Warning about $80 trillion in Hidden FX Swap Debt.
Pension funds and other “non-bank” financial institutions now have more than $80 trillion in hidden, off-balance sheet dollar debt in…
Marketers Turn to Private Depots as NNPC Suffers from a Shortage.
The Nigerian Independent Petroleum Marketers Association has distanced itself from the current Premium Motor Spirit shortage. In a statement released…
92 million Nigerians now have a NIN.
According to brand-new market data from the National Identity Management Commission, there were 92.63 million people with National Identification Numbers…
Nigeria’s Trade Balance is 86% Worse Off Due to Weak Exports.
Nigeria’s trade balance has been negative quarter over quarter, as exports have decreased by 19.8% to N5. 93 trillion in…