Banks Will Use Tellers Following Naira Redesign
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an extension of the deadline for…
Category: Local
Fuel Supply is Hampered by Illegal Charges and the Currency Crisis, say Marketers.
According to the Depots and Petroleum Products’ Marketers Association of Nigeria, the problems preventing the supply and distribution of Premium…
Nigerian Mobile Transactions Increased to N12.8 trillion in only 9 Months.
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice as much as what…
FG Exhorts those on Low Incomes to Adopt Cooperative Housing.
The Federal Government has pushed the development of cooperatives to provide housing options for low and medium-income earners as part…
Climate Change: UK Commits £200million to Nigeria and Others.
The African Development Bank’s Climate Action Window will get £200 million in support from the UK, according to James Cleverly,…
Banks, MTN, and Airtel will all Collect VAT on their Goods.
Beginning in January 2023, MTN, Airtel, and all money deposit institutions serve as agents; for the Federal Inland Revenue Service…
NAICOM Develops Strategies for the Insurance Sector’s Expansion.
The National Insurance Commission has reaffirmed its commitment to using a variety of approaches to bring the insurance industry up…
Queues Persist as Petrol Stock Dips by 5.48m litres
According to market statistics issued, the Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, often known as gasoline,…
COP27: Nigeria Seeks $400billion for its Energy Transformation Strategy.
The Federal Government is advocating for $400 billion in funds to aid in the implementation of Nigeria’s Energy Transition Plan.…
Food Security is Harmed by Severe Floods in West Africa.
The 50-year-old father of 12 is one of an estimated 4 million individuals in more than a dozen nations in…
FG Equips 1,859 Nigerians to Expand their Agribusiness.
The National Directorate of Employment (NDE) has taken a strategic step toward ending Nigeria’s unemployment; by training and empowering 1,850…
Reduced Foreign Exchange Transactions to N320 billion in 9months due to Inflation, Dollar Shortages.
Investigations by the Daily Sun show that total international transactions on the platform of the Nigerian Exchange Limited (NGX) fell…
Nigeria’s Oil Production Deficit Reaches 184.1 million Barrels.
According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria was only able to drill 284. 70 million…
Jumia CEOs Resign over Company Losses.
Sacha Poignonnec and Jeremy Hodara, the co-founders and co-CEOs of Jumia Technologies, have both resigned from their positions with immediate…
FG Pledges to Invest $457million in Off-grid Electrification Projects.
The federal government has pledged $392 million and disbursed a total of $64.8 million; for the creation of off-grid electrification…
Nigeria FG Prepares Supplemental Budget Due to Depreciation and Rising Inflation.
Due to a further weakening of the naira and soaring inflation, which have rendered the 2023 budget unaffordable, the Federal…
Nigeria’s Power Production Increases in 48 hours and Reaches 4,864MW.
Power generation on the national grid climbed by 834.8 megawatts, reaching a peak of 4,863.7MW.The grid generated 4,028.9MW of off-peak…
Flood: FEC Approves N506billion Contract for East-West Road.
The East-West Road Project Sections 1-4 from Warri to Port Harcourt, Eket, and Oron contract value was N260 billion; with…
NAICOM Lists Requirements for Dividend Payment to Investors in the Insurance Sector.
The National Insurance Commission (NAICOM) has outlined the criteria under which dividends on insurance shares would pay to shareholders. Shareholders…
Nigeria Telecoms Sector has 500,000 Workers and has Invested $70 billion.
According to Prof. Umar Danbatta, the executive vice chairman of the Nigerian Communications Commission, the telecommunications industry supports 500,000 employment.…
According to Osinbajo, Nigeria might Create 30million Carbon Credits by 2030.
Yemi Osinbajo, the vice president of Nigeria, claimed that by 2030, his country may generate up to 30million carbon credits…
Dangote Pledges to Boost Economic Growth and Sponsors the 2022 Lagos International Trade Fair.
The sponsorship of the 2022 Lagos International Trade Fair, with the theme “Connecting Businesses, Creating Value,” which will be officially…
Floods: Nigeria FG Receives N109.3billion Fund and Builds Mini-dams.
The African Development Bank ($244 million) and the International Fund for Agricultural Development ($5 million) have given the Federal Government…
Naira Depreciation would Worsen Nigeria’s Food and Energy – World Bank.
According to the research, prices for the majority of commodities have dropped from their recent heights in U.S. Dollars amid…
Amazon Establishes An Office In Nigeria
The first office of an IT company, Amazon Web Services, Inc. (AWS), has reportedly been established in Lagos, Nigeria. Amrote…
Nigeria FG Borrows N5.3tn, Exceeding Loan Goal by N1.12tn.
According to information obtained by The PUNCH, the Federal Government borrowed N1. 15 trillion more than it had planned to.…
Nigeria Issues 650,000 International Passports.
According to the Federal Government, 650 000 foreign passport booklets were in print in 2022, 100,000 fewer than the 750…
Aviation Employees Shut Down the Terminal at Lagos Airport, Disrupting Flights.
Workers in the aviation industry shut down Lagos’s Murtala Muhammed Airport’s Terminal Two (MMA2); resulting in the suspension of early-morning…
Budgets for Lagos, Delta and Cross River, Nigeria Totals at $2.58billion.
State budgets for Lagos, Delta, and Cross River totalling N2.58 trillion were presented. In Lagos, Governor Babajide Sanwo-Olu presented the…
Nigeria Will Increase Gas Drilling by 20%.
According to the Nigerian Upstream Petroleum Regulatory Commission, gas exploration will be 20% deeper in Nigeria. A plan to reach…