Nigeria’s Central Bank Says Both Merchant And Consumer Can Now Present QR Codes For Payment
The Central Bank of Nigeria has announced a significant adjustment to the Quick Response (QR) Code Framework. Allowing the usage…
Category: Local
Debt, Inflation, Forex killing Economy, LCCI Warns FG- Nigeria.
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of…
Fidelity Bank Takes Over Three Discos, FG Intervenes- Nigeria.
The Federal Government announced the takeover of Kano, Benin and Kaduna electricity distribution companies by Fidelity Bank. This was after…
Solid Minerals Imports Rise By 74% In 12 Months
Recently, the value of solid minerals imports rose by 74.39% from N23.56bn in the first quarter of 2021 to N41.09bn…
Oil Prices Bounce Back From Tuesday Tumble As Supply Concerns Return
Oil prices rose as much as nearly 3% before paring some gains as investors piled back into the market after…
Oil Tumbles 9% On Recession Demand Destruction Fears
Oil plummeted about 9% in the biggest daily drop since March on growing fears of a global recession and lockdowns…
Crypto Lender Voyager Files For Bankruptcy.
Voyager Digital (VOYG.TO) has filed for bankruptcy, the crypto lender said in a statement, a week after suspending withdrawals; trading…
NSITF Pays N300m Compensations To Employers, Employees- Nigeria.
According to the Nigeria Social Insurance Trust Fund,N306,554,896 was reimburse out over the previous four months; as claims and compensations…
NAICOM Revokes Niger Insurance, Standard Alliance Licences, Appoints Liquidators
Following the failure of several palliatives to strengthen both Niger Insurance Plc and Standard Alliance Insurance; the National Insurance Commission…
FG Reveals Why It Is Pushing For More Public Private Partnerships In Nigeria
The Federal Government has declared that the current financial situation of Nigeria brought about by the global COVID-19 pandemic; and…
Court Restrains Kano Govt From Borrowing N10bn For CCTV Cameras- Nigeria.
A Federal High Court sitting in Kano presided over by Justice Abdullahi Muhammad Liman has restrained Kano State Government; from…
Tinubu To Buy 299.25m Oando Shares, As Exits Trail SEC Out-Of-Court Settlement
Wale Tinubu and Italian investor, Gabriele Volpi have agreed to acquire shares of minority investors. As they demand to exit…
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…
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…