CBN Fines Three Banks N800m Over Crypto Transactions
The CBN of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country The imposed fine…
Category: Local
NLNG Witnessing Insufficient Gas Supply – FG
The Federal Government said that the existing trains of the Nigeria Liquefied Natural Gas company are witnessing insufficient gas supply,…
CBDC Research To Intensify As 80% Of Central Banks Mull Projects Similar To ENaira
According to the Global Index retail in 2022 CBDC projects have reached greater maturity levels than wholesale projects. Research indicates…
Subscribers Groan as Telecoms Operators Begin Deactivation of SIM Cards Not Linked to NIN
About 37 million telecoms subscribers across all networks have been affected by the recent order given to telecoms operators. The…
Food imports exceed exports by N2.23tn in 12 months
The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value exceeding…
Shell demands $1.15bn outstanding cash-calls, other debts
Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, stated this in his presentation at…
UK prevents use of private jet linked to Russian oligarchs
British transport minister Grant Shapps said on Saturday he has prevented the use of another private jet that has links to Russian oligarchs.…
Fed Govt new borrowings rise by 278.03% in six years
The Federal Government’s new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021. This was disclosed…
Nigeria issues new travel guidelines on COVID-19
A new international travel guideline has been issued by the Presidential Steering Committee (PSC) on COVID-19, removing mandatory Polymerase Chain…
FG grants three-year tax relief to 33 companies, bars 10 firms
The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in…
CBN imposes heavy sanctions on banks over mutilated notes
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank…
77.1 million identity numbers issued as NIN-SIM registration ends today
The National Identity Management Commission (NIMC) has issued 77.1 million unique National Identification Numbers (NIN) in the country. This new…
US Embassy in Abuja begins interview waiver for visa renewals
The United States Embassy in Abuja says it will begin processing certain non-immigrant visa renewal applications without requiring an interview…
World Bank suspends Nigerian firm, MD for bribery
THE World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing…
Russia-Ukraine war: Oil hits $114, OPEC laments seven million bpd loss
Brent, the crude against which Nigeria’s oil is priced, moved up in price to $114/barrel as at 4.34pm Nigerian time…
Ogun launches N900m fund for business
OGUN State government has launched a N900m loan programme for Micro, Small and Medium Enterprises operating in the state. This…
Police salary increment: Reps summon minister, accountant general, others
The House of Representatives’ Committee on Police Affairs has invited the Minister of Finance, Budget and National Planning, Zainab Ahmed;…
NAICOM bars undercapitalised insurers from new businesses, orders claims settlements
The National Insurance Commission has stopped some insurance firms from taking new businesses. It also placed a limit on the…
Poor Nigerians to hit 95.1m in 2022, says World Bank
THE World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over…
Exports to India in Q4 2021 valued at N875 billion – NBS
In a statement obtained from the National Bureau of Statistics (NBS), the largest exported commodity to India was petroleum oils…
Marketers disagree with depot owners over petrol price hike
THE Independent Petroleum Marketers Association of Nigeria has criticised private depot owners over the recent increase in the pump price…
JUST IN: NRC suspends train operations along Abuja-Kaduna route indefinitely
The Nigerian Railway Corporation has suspended train operations along the Abuja-Kaduna route indefinitely. The NRC made this known in a…
HURIWA condemns Buhari’s silence on Kaduna airport, rail attacks
The Human Rights Writers Association of Nigeria on Tuesday condemned what it described as the silence of the President, Major…
Buhari, govs, others congratulate Tinubu at 70
The President, Major General Muhammadu Buhari (retd.); the President of the Senate, Ahmad Lawan; Speaker of the House of Representatives,…
Russia-Ukraine war: Soaring shipping costs may worsen inflation in Nigeria, others, IMF warns
THE International Monetary Fund has said rising shipping costs as a result of the ongoing war between Russia and Ukraine…
Telcos warn of disruptions in 11 states over Kogi’s clampdown
THE Kogi State Government through its Kogi State Internal Revenue Service agency has shut down a number of critical telecommunications…
‘Infrastructure funding deficit to hit $100b
Nigeria’s infrastructure funding deficit will grow to $100 billion in the next five years, the Infrastructure Concession Regulatory Commission (ICRC),…
FG establishes SDGs innovation hubs to boost states’ social financing
The Vice President, Prof. Yemi Osinbajo, on Monday, announced the establishment of six Sustainable Development Goals innovation hubs by the…
Fed Govt to reduce wheat importation
The Federal Government (FG) plans to deploy measures to reduce wheat importation into the country. Government said it anticipated that…
Russia-Ukraine crisis: EU begs Nigeria to close gas supply gap
With oil exports from a critical pipeline on Russia’s Black Sea Coast fully halted last Wednesday, the United States and…