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Fuel Worth N12.87bn Lost In Seven Months, Says NNPC
Petroleum products valued at N12.87bn were lost in seven months as oil theft and pipeline vandalism continued to…
NDIC Pays 535,815 Closed Banks’ Depositors N11.76bn
The Nigeria Deposit Insurance Corporation has said that 467 banks have either been liquidated or undergoing the…
Cocoa Tops List Of Exportable Agric Products’
The Nigeria Export Promotion Council has said its export promotion activities are beginning to make a positive…
Nigeria Air will commence operation with three rented planes, says FG
The federal government says that Nigeria Air will commence operations with three wet-leased aircraft.
Wet-lease…
CBN Bars BVN Violators From Opening Bank Accounts
The Apex Bank in Nigeria, Central Bank of Nigeria (CBN) has barred BVN Violators from from opening a new bank…
Report: Nigeria’s Exports Trade To Hit $112bn By 2030 — Tops Volume For Africa
A new research by Standard Chartered Bank has projected that Nigeria’s export trade would hit $112 billion in 2030,…
CBN Awards N5m Loans To Graduates Under New Scheme
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday, launched the Tertiary Institutions…
With 49% Foreign Ownership, Nigeria Air Starts Operations April 2022
The proposed national carrier will begin flight in April next year, the Minister of Aviation, Hadi Sirika, has…
EFCC Traces Most Bank Frauds To One Set Of Bankers
The EFCC declared in Abuja on Wednesday that most frauds in the banking sector were perpetrated by insider…
Ijaw Group Demands $500,000 As FG Probes Bayelsa Oil Spill
The Ijaw Diaspora Council has asked Aiteo Exploration and Production Ltd to provide immediate, interim response…
N5,000 Transport Grant For Vulnerable Nigerians To Last One Year
Minister of Finance, Budget and National Planning, Zainab Ahmed, yesterday shed more light on the…
Hilary Clinton Wants Biden Administration To Regulate Cryptocurrency
Former United States Democratic presidential candidate, Hillary Clinton has called on the Biden administration to…
FG Suspends Aiteo’s Operation Over Oil Spill In Bayelsa
The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in…
No Court Order Restraining Acquisition, Say Flour Mills, Honeywell
Flour Mills Nigeria Plc and Honeywell Flour Mills Plc have said the proposed acquisition of significant interest in…
Nigeria’s OnePipe Raises $3.5M To Double Down On Its Embedded Finance Offering
Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to…
5G spectrum: NCC Extends Deadline For Submission Of Bids Over Flight Delays
The Nigerian Communications Commission (NCC) has extended the deadline for the submission of bids and initial bid…
Ecobank Warns Prospective Buyer Of Honeywell Flour LTD Says Company Facing Winding…
Consequent upon media reports on the move by Flour Mills Nigeria PLC to acquire 71.69 percent of Honeywell Group…
Agricorp Invests N4bn In Poultry Production
Agricorp International, Nigeria’s agriculture producing, processing and export company, has invested N4bn into…
Dollar Shortage, Subsidy, Deficit Financing Threatening Nigeria’s Growth – W’Bank
The World Bank has said that economic growth in Nigeria is being threatened by certain macroeconomic challenges,…
CBN Disburses N41.2bn To Cut Wheat Imports
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N41.2bn…
First Bank Too Big To Be Owned By One Person — CBN
The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange…
SEC Approves MTN Offer For Sale Of 575 Million Shares
MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer…
US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices
The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring…
Stock Trading Volume Drops, Market Cap Stalls At N22.58tn
The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the end of…
BREAKING: CBN Retains Lending Rate At 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 11.5…
Railway: 24 Firms Jostle For E-Ticketing Contract
No fewer than 24 companies have bidded for the electronic ticketing solutions for the Lagos-Ibadan and the…
ENaira’ll Work With Other Countries’ Digital Currencies – CBN
The Central Bank of Nigeria has said that the implementation of the country’s digital currency will be done in four…
Dismantle Trade Barriers To Grow Africa’s Economy, Dangote Urges Leaders
African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure…
Capital Inflow Crashes By 80%, Foreign Investors Shun Nigerian Market
Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria reports have…
Naira Loses Steam, Sides To 555/Dollar In Parallel Market
The naira lost steam at the parallel market on Monday, sliding to 555 per dollar.
The local currency had crashed…