Impact Life Insurance Combines Two Insurers.
To assist the country’s insurance penetration rate rise, two businesses, the Ghana Union Assurance (GUA) Life and Phoenix Life Assurance…
Category: Local
Nigerian Operators Upset Over the Proposed 20% Tax on Non-alcoholic Beverages by the Federal Government.
An analysis of the effects of the current N10 per litre excise tax between June and August 2022 revealed an…
Inspired Evolution wins AfDB commitment for Fund III.
The African Development Bank Group’s Board of Directors today approved a $20 million equity investment in Evolution Fund III, a…
US Transfers $20.6m Abacha Loot To Nigeria FG
According to an agreement reached on August 23 between the two governments to repatriate assets the United States forfeited that…
CBN Directs Banking Firms Nationwide to Open on Saturdays
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria…
According to NBS, 133 million Nigerians are Multidimensionally Poor.
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are multidimensionally poor.…
7000 Businesses and MDAs Owe Nigeria FG N5.2 trillion.
Federal Ministry of Finance’s Phil Abiamuwe-Mowete, Director for Information and Press, described Project Lighthouse as a “data driven artificial intelligence…
FG Borrows N2.94trn from Debt Market in 11 Months.
According to bond auction data issued by the Debt Management Office (DMO), the federal government borrowed N2. 94 trillion through…
Fitch Rules Out Further Downgrade of Nigeria’s Rating in Near Term.
In 2016, Nigerian banks experienced a cutoff in their trade lines with overseas correspondent banks as a result of a…
No Going Back on Phased Petrol Subsidy Removal in 2023
Mrs. Zainab Ahmed, the minister of finance, budget, and national planning, reaffirmed that the federal government will start gradually eliminating…
Nigerian Authorities Approve a 1,650 MW Hydropower Project.
One of the largest power projects in Nigeria, a 1,650 megawatt (MW) hydropower facility. With a $3 billion price tag…
Inflation Reaches 21.09% as a Result of Currency Shortages and Fuel Price Increases.
According to the National Bureau of Statistics, the rise in gasoline prices, the dearth of foreign currency, and the interruption…
NCC’s 5G Spectrum Auction: Stakeholders Reject Airtels $273 Pricing.
According to Airtel Africa, the Nigerian Communications Commission (NCC) should reserve a spot in the 3. 5GHz spectrum for the…
In 2022, FG Receives $339m from World Bank.
The Federal Government has received $338. 98 million from the World Bank in 2022, which it plans to distribute to…
Diasporans Remits $20 Billion to Nigeria
The Federal Government has agreed to launch a Diaspora Mortgage Loan Scheme for Nigerians living in other countries. The scheme,…
Nigeria will Execute “Vision 2050” to Raise GDP to $33,000.
The Vision 2020 plan, which ran out of steam two years ago, will be replaced, according to the Nigerian government,…
Nigeria’s Inflation Rises to 21.09%
The consumer price index (CPI), which gauges how quickly prices for goods and services fluctuate, increased to 21. 09 percent…
A Scarcity of Raw Resources Affects Manufacturing Enterprises.
Due to a lack of foreign currency, manufacturers are experiencing severe raw material shortages, which is hurting the sector’s production…
The Assets of Nigerian Banks Increased by N10 trillion to N66 trillion.
The Central Bank of Nigeria’s most recent statistics show that between August 2021 and August 2022. The assets of Nigerian…
Under Buhari, CBN Grants $3.5 billion for International Education.
Data acquired on Sunday from the Central Bank of Nigeria’s website indicated that under President Major General Muhammadu Buhari, the…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria’s first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC) after the…
Operators Assert that Micro Pensions will Reduce Poverty.
Micro pension plans are a national emergency system to prevent a rise in the poverty rate and reliance on public…
Naira Redesign: CBN Promises to Safeguard Nigerians in Rural Areas.
In light of its intentions to restructure the naira, the Central Bank of Nigeria has vowed to safeguard Nigerians who…
90% of the Plan to Enhance Wheeling Capacity by 1000MW is Finished, According to TCN.
The plan to increase grid capacity by the Transmission Company of Nigeria is 90% finished, according to the Nigerian government.…
EU Plans to Buy 22million Tons of Nigerian Gas Annually.
With plans to increase gas imports from Nigeria to the tune of 22 million tons annually; the most populous country…
Customers are Charged N715bn by Banks for Electronic Transactions, Among Others.
In the first nine months of 2022, 11 banks charged their clients N714. 61bn in electronic fees and other charges.…
Nigeria’s GDP Expands by 3.54% in the Second Quarter of 2022.
Nigeria’s Gross Domestic Product (GDP) grew by 3.54% (year-on-year) in real terms in the second quarter of 2022, according to…
Peter Obi’s Investment in Anambra was Insignificant, According to Soludo
Peter Obi, the rumored Labour Party presidential contender, is claimed to have invested money in the state government, but according…
Buhari Says He doesn’t Own a home in the UK.
The president, Major General Muhammadu Buhari (ret. ), claimed that during his meeting with King Charles III, he informed the…
Tongeji Island in Ogun will House a 400,000-liter-per-day Refinery.
Gasoline Integrated International announced its willingness to develop a $3 billion refinery in the state’s Tongeji Island, Ipokia Local Government…