Nigeria Pledged To Promote Environmentally Friendly Shipping – FG.
The Federal Government of Nigeria has stated that Nigeria is committed to developing greener shipping; in line with the International…
Category: Local
CBN Increases MPR To 15.5% In A Determined Effort To Control Inflation.
The Monetary Policy Rate (MPR), known as the interest rate, was increased by 150 basis points from 14 to 15.…
NNPC Recorded 8million Barrels of Oil Production Losses In July.
According to the Nigerian National Petroleum Company (NNPC) Limited; output losses at crude oil terminals totaled 8.14 million barrels in…
Interest Rates Will Rise, According To MPC Analysts
Since September 2020, the Monetary Policy Rate (MPR) has remained at 11.5 percent. In order to increase access to funds…
PenCom Approves Using The RSA Balance For A Mortgage.
The Nigerian Pension Commission (PenCom) has declared that pension contributors who are currently employed are now officially permitted to use…
According To AfDB, Nigeria Needs Assistance To Reduce Its Debt Burden.
Economic and financial experts have expressed grave concerns about Nigeria’s soaring debt load; which has posed a severe threat to…
Buhari Claims That The Nigerian Economy Is Ready For Further Investment.
Buhari praised the Nigerian military for making great strides in the battle against insecurity; and for generating momentum in reducing…
Nigeria Seeks OECD Membership To Increase Seed Exports.
Plans have been in place by Nigeria’s National Agricultural Seeds Council (NASCC); to admit Nigeria as a full member of…
Nigerian Banks Are Faced With Difficulties Due To Currency Crisis, Inflation and Rate Hikes – Fitch.
According to Fitch, Nigerian banks would undoubtedly be influence by the naira’s persistent depreciation. Widespread inflation, currency devaluations, and interest…
Nigeria Surpasses Kenya To Retake The Top Spot In Africa For Cryptocurrency Adoption.
Nigeria has reclaimed the top spot in Africa for crypto adoption, now coming in at #11 globally with an adoption…
Top 10 Nigerian Banks By e-business Revenue In 2022.
Revenue from electronic channels, card products, and related services are all included in e-business income. Thus, the revenue is by…
Lagos Is The Fourth-Richest City In Africa.
In 2021, Nigeria was regarded as the largest economy in Africa. However, due to the enormous population of over 200…
The NCC Plans To Generate N500billion From 5G Spectrum Sales By 2023.
The auctioning of two 5G spectrums in 2023 is expected to bring in N500 billion for the federal govt, according…
Nigerian Petrol Suppliers Are Closing Down For Green Energy.
Due to a demand for green energy, the majority of refineries supplying Premium Motor Spirit to Nigeria are ceasing operations.…
According To NNPC, Nigerians Will Not Face Fuel shortages.
According to the chief financial officer of NNPC Ltd. In Abuja, the Corporation has taken steps to maintain the supply…
CBN: RT200 Strategy Will Increase Exports Of Goods.
The CBN’s RT200 FX program intends to generate $200 billion in forex profits from non-oil proceeds over the course of…
MTN Launches 5G Network.
The fifth-generation, or 5G, technology is already accessible in Nigeria. The technology was commercially introduced in Nigeria by MTN Nigeria…
MTN Nigeria Plans To Issue A N100billion Bond To Pay For Operating Capital.
Under its new N200 billion bond issuance program, MTN Nigeria Plc intends to issue up to N100 billion in series…
The National Assembly Will Receive Buhari’s N19.76trillion Appropriations Bill In October.
During the inspection of the continuing rehabilitation work on the green chamber and the construction of the National Assembly Service…
Nigeria Bank Deposits Increased by 24% To N42trillion.
From N33.85 trillion at the end of June 2021 to N42. 03 trillion in the same time of 2022, the…
Senate Opens An Investigation Into Niger Delta Oil Theft.
Nigeria suffered significant financial losses as a result of the widespread theft of its crude oil; and it was unable…
Despite the currency and energy challenges, companies pay N1.25 trillion in taxes.
The Federal Government received N1.25 trillion in tax revenue from Nigerian businesses in the first half of 2022, despite their…
Aviation Workers Issue 14-day Ultimatum.
A coalition of unions representing aviation employees has vowed to go forward with an industrial strike; within the next 14…
Oil Exploration In Nigeria Begins To Decline As Rig Count Falls.
The global upstream sector of the petroleum industry (OPEC) uses the rig count; as a key indicator of exploration and…
Senate, Minister Diverge On The N12.43trillion Budget Deficit For 2023.
The committee was informed by the finance minister during an interactive session that the planned N19. 76 trillion budget for…
Pension Withdrawals Increase By 17% To N6.6billion.
Due to difficulties caused by job loss, cash withdrawals from pension contributions by laid-offoff employees increased by 17. 5% to…
More Nigerians Move Abroad, And Passport Issuance Climbs By 38%.
Nigerians leaving the nation have reportedly resigned from their positions in numerous local banks; in order to use the UK’s…
Despite Ukraine Crisis, Nigeria’s Imports From Russia Increased By 143%.
Nigeria imported N6.27 billion in herrings and N2.77 billion in blue whiting from Russia in Q1 2022, and N13. 39…
Nigeria’s Cinema Records N378m Revenue In August.
According to the Cinema Exhibitors Association of Nigeria, the country’s cinemas sold 378 million tickets in August, bringing in N378…
2,000 Mining Firms’ Taxes Are Being Recovered by the Nigeria FG.
According to PUNCH, the Federal Government collected N600 billion from Nigerian oil and gas corporations. This includes unpaid taxes, royalties,…