Browsing Category
Local
FMN, Honeywell Flour Mills Merge Under N80billion Shares Transfer Deal
Flour Mills of Nigeria Plc (FMN) and Honeywell Group Limited On Monday announced that they have signed an agreement…
Illiquidity: BMBs, Merchant Banks Borrow N215.7bn From CBN In One Week
Following scarcity of liquidity in the interbank money market, banks and merchant banks borrowed N215.7billion from…
OPEC+ Exceeded Quota By 116% In October As Nigeria, Angola Underperformed
The compliance by members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies known as…
Leadway Pensure’s Shares In First Bank Belong To RSA Holders – PenCom
Funds invested in First Bank Holdings Ltd (FBNH) by Leadway Pensure Ltd belong to retirement savings account (RSA)…
South African Airways To Resume Lagos Flights December — After 18-Month Suspension
South African Airways (SAA) has announced the resumption of flight operations on its Johannesburg-Lagos route.
The…
Naira Falls By 2.8% To N545/$1 At Parallel Market
The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market.…
Report: Kano Generated N24bn VAT In Eight Months — More Than All South-East States
The total value-added tax (VAT) generated by the Kano state government in the first eight months of 2021 was higher…
VoxCroft Analytics Raises Series A From Knife Capital
VoxCroft Analytics, an open-source intelligence and risk analytics venture with operations in South Africa and the…
UKCI And Norfund Fund JV’s Equity Participation In Wind Farm Portfolio
Cape Town-based investment firm H1 Holdings, which has inked a joint venture with an independent power producer in…
Trade Deficit Declined To $340m In July – CBN
Nigeria’s trade deficit declined to $340m in July from $2.4bn in June, figures obtained from the Central Bank of…
Analysts See Nigeria’s Inflation Rate Rising In Nov, Dec
Amid the steady decline in headline inflation rates over the past few months, analysts have predicted an uptrend…
Drug Dealer Behind Cocaine Hidden In Lagos Airport Toilet Arrested – NDLEA
The National Drug Law Enforcement Agency (NDLEA) says it has arrested a Brazil based drug dealer, Okafor Moses in…
Remittances To Nigeria, Others Grow 7.3% To $589b
Remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach $589…
FG Begins 10,000MT Wheat Cultivation To Cut Imports
The Federal Government has announced the commencement of dry season wheat cultivation to produce 10,000 metric…
Agric Fund Diversion May Attract Five-Year Jail Term – CBN
The Central Bank of Nigeria has said borrowers who divert the funds provided under the Agricultural Credit…
Net Forex Inflow Rose To $2.77bn July, Says CBN
The net foreign exchange inflow into the Nigerian economy rose slightly to $2.77bn in July from $2.27bn in June,…
Firm Launches Global Lottery Game In Nigeria
MegaMillions Naija has launched a global jackpot lottery in Nigeria to drive access to lottery games that will give…
CBN Orders Farmers To Insure ACGSF Loans
The Central Bank of Nigeria has said farmers must have an insurance cover for loans to be disbursed to them under…
Investors Lose N18bn As 49 Stocks Drag Market Lower
Investors in the equities market of the Nigerian Exchange Limited saw an N18.05bn weekly loss at the end of trading…
External Reserves Resume Decline, Lose $410m In 17 Days
After rising by a record $5.05bn last month, Nigeria’s external reserves dropped by $410m in the past 17 weeks, the…
Remove Fuel, Electricity Subsidies Early 2022, IMF Tells FG
The International Monetary Fund said on Friday that the Nigerian government should remove fuel and electricity…
Low Transparency May Hamper Debt Restructuring, World Bank Warns
Limited transparency will delay critical debt reconciliation and restructuring of the poorest countries, the World…
Apple To Let IPhone Users Repair Their Own Devices
Starting next year, Apple will sell to its customers using iPhone 12 and 13 “parts, tools, and manuals” to repair…
Nigeria’s 2060 Net-zero Projection
For Nigeria, it was revealed that the nation plans to zero out carbon emissions by 2060 through its Energy…
EXPLAINER: Prices Are Going Up But Inflation Rate Is Dropping — What’s The Magic?
On Monday, the National Bureau of Statistics (NBS) released its monthly inflation report for October. Since NBS…
Buhari Okays N656.11bn Fresh Bailout For 36 States
President Muhammadu Buhari has approved a fresh N656.112billion Bridge Financing Facility to the 36 States.
This…
AfDB Approves $150m To Support Agriculture In Africa
The African Development Bank Group has approved a $150m facility for ETC Group Limited to address the working…
BoI Offers Funding Opportunities For Startups
The Bank of Industry has unveiled new funding opportunities for tech startups with creative solutions to problems…
Investors Lose N33bn, Banking, Industrial Stocks Decline
Stock investors in the Nigerian Exchange Limited recorded a loss of N33.36bn at the end of trading on Thursday as…
FG To Begin Disbursement Of N655bn Bridge Financing
The Minister of Finance, Budget and National Planning, Zainab Ahmed, informed the National Economic Council on…