First Vessel From Hong Kong Berths At Lekki Deep Seaport- Nigeria.
Three Ship-to-Shore cranes and 10 Rubber-Tyred Gantries critical to the commencement of operations of the Lekki Deep Seaport arrived in…
Category: Local
Zenith Bank Again Maintains Position As Nigeria’s Best Commercial Bank, And Best Corporate Governance Bank At World Finance 2022 Awards.
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022; retaining the…
FIRS Extends Deadline For Filing Of 2022 Companies Income Tax Returns To 31st August 2022- Nigeria.
The Federal Inland Revenue Service has extended the deadline for filing Companies Income Tax Returns for the 2022 Year of…
Samsung To Invest $500 Mln In Mexico, Foreign Minister Says.
Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican…
Naira Falls Across FX Markets As Dollar Supply Dips Significantly
Monday, 4th July 2022: The exchange rate between the naira and the US dollar closed at N425.75/$. This is at…
Fuel Scarcity: IPMAN Meets NMDPRA, Says Price To Remain N165 Per Litre At Stations- Nigeria.
The Independent Petroleum Marketers Association of Nigeria (IPMAN), which recently warned of massive fuel scarcity if; the FG does not…
KongaPay At House Of Lords, London, Signs Historic Partnership With Bibimoney.
KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant; has signed…
Over 2,000 Retirees Can’t Get Monthly Pensions – PenCom
No fewer than 2,084 retirees cannot be on monthly pension payments. And have left the Contributory Pension Scheme in the…
Nigerian adults with bank accounts hit 45% — World Bank
The number of Nigerians with accounts at regulated institutions such as a bank; credit union, microfinance institution, post office, or…
Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022
Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022. Therefore,…
Lekki Gardens Signs N25bn Commercial Paper-Nigeria.
Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security Exchange Limited.…
Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In June 2022
Amidst rising inflation and a gloomy economic outlook, tech startups across the globe bit the bullet in June. As a…
Lagos Pays N42bn Pension Entitlements To 11,349 Retirees- Nigeria.
Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state. The Commissioner for Establishments, Training…
Personnel: Health Sector Receives Only 50% Returns On Investment, Says NSSF
The Nigeria Solidarity Support Fund says Nigeria’s healthcare system is in crisis as it currently receives only 50% of its…
FG’s Ship Financing Fund Rises By 79%, Hits N145bn- Nigeria.
The Cabotage Vessel Financing Fund has risen from $195m to $350m in 2022, representing 79.4 % increase. It will be…
OPEC Faces Critical Oil Production Decision As Nigeria Gets 1.826m Bpd August Quota.
The Organisation of Petroleum Exporting Countries (OPEC) will in August decide whether to continue its current measured oil supply. Which…
NSE Firms Face Costly Dollar Loans As Shilling Weakens- Kenya.
Listed firms are facing higher finance costs as a result of the weakening of the shilling against the dollar. Exposing…
Banks Guaranteed N3.6 Billion Loans To Farmers Under The ACGSF – CBN.
The Central Bank of Nigeria announced banks guaranteed 28,830 loans valued at N3.6 billion to farmers. This is under its…
Duty Payment On Carbonated Drinks Takes Off.
The Nigeria Customs Service (NCS) yesterday began collection on carbonated and sweetened drinks as contained in the Finance Act 2020.…
Marketers Deny FG’s N74bn Payment, Warn Of Massive Fuel Queues
Oil marketers on Thursday warned Nigeria could witness “the mother of all queues” from next week. This is if the…
Shell Suspends Multibillion-Dollar Assets Sale In Nigeria
Shell Group says it has suspended the divestment of its interest in its Nigeria subsidiary-Shell Petroleum Development Company. The IOC…
Stocks Slide, Dollar Rises As Growth Fears Mount.
Stocks fell and the dollar rose on Friday, beginning the second half of the year much as the first one…
FG Pays N74Bn Bridging Claims To Oil Marketers
The Federal Government on Wednesday said it paid N74bn as bridging claims to oil marketer. This is for the transportation…
FG To Generate N23 Billion In 30 Years From Concession Of Onitsha Port
The Federal Government has signed a deal for the concession of the Onitsha port with the Universal Elysium Consortium. Therefore,…
Bullish Nigerian Exchange Gains N5.64 Trillion In HY’2022
Equity trading on the floor of the Nigerian Exchange Limited (NGX) recorded a gain of N5.639 trillion during the half-year…
Naira Falls Further At The Official Market As Forex Turnover Declines.
Thursday, 30th June 2022: The exchange rate between the naira and the US dollar closed at N425.05/$1 at the Investors…
Italy June Manufacturing Growth Slowest For Two Years -PMI.
Italy’s manufacturing sector grew at the slowest pace in two years in June, as firms reported weak demand and increasingly…
Nigeria, Other ECOWAS Members Secure $2m Grant For Electricity Reforms
The Board of Directors of the African Development Fund (ADF) has approved a technical assistance grant of $2 million to…
CPPE Seeks Legislations To Compel Large Companies To Sub Contract Some Operations To SMEs
The Chief Executive Officer, The Centre for the Promotion of Private Enterprise [CPPE], Dr. Muda Yusuf, said there should be…
Commission Cancels Niger Insurance, Standard Alliance’s Operational Licences
The regulator of the insurance industry, the National Insurance Commission, has cancelled the certificates of registration of Niger Insurance Plc…