Petrol Subsidy: FG, marketers engage over N3trn payment
THE Federal Government has engaged with the Major Oil Marketers Association of Nigeria over the N3 trillion subsidy payment. Chairman…
Category: Local
FG earns N1tr from privatisation, amid calls for transparency
Nigeria has earned at least N1 trillion as proceeds of privatisation and commercialisation of government-owned enterprises under the National Council…
Stakeholders fear border closure may cripple economy
Stakeholders in the maritime industry said the continuous closure of the land borders is affecting the ease of doing business…
CBN Okays Ahmad Abdullahi Appointment As FBH Chairman
The Central Bank of Nigeria (CBN) has okayed the appointment of Alhaji Ahmad Abdullahi as non-executive director of First Bank…
Nigerian Stock Exchange Market Gains 1.04 Per Cent
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 104…
Nigerian All Share Index Rose By 9% In January
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about…
Nigeria Startup “Nestcoin” Raises Pre-Seed Capital For Crypto Adoption
Nestcoin, a Nigerian tech startup, says it has secured $6.45 million pre-seed capital to accelerate crypto adoptions and web3 operations…
El Salvador Defends It’s Acceptance Of Bitcoin As Legal Tender
El Salvador’s government on Monday defended the country’s adoption of Bitcoin as legal tender, rejecting calls from the International Monetary…
Nigeria: Over 15,000 Graduates Applied For Oyo State Traffic Control Job
No fewer than 15, 000 university graduates and other youths have applied for the Oyo Road Traffic Management Agency (OYRTMA)…
MTN Record Oversubscription Of 139.47 Per cent In Share Sales
126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc announced that its first public…
NASS moves to reduce budget deficit as it sets N3 trillion revenue target for agencies
The National Assembly said if resources are prudently spent the Federal Government were capable of generating N3 trillion revenue annually.…
FG probes 17 firms over breach of customers’ private data, hikes fines
A new report reveals the National Information Technology Development Agency engaged in 17 data breach investigations and issued N15m fines…
MTN subscribers spend N46 billion on SMS
According to the earnings press release, MTN Nigeria raked in N46.41 billion from SMS revenue in 2021, representing 2.81% of…
Shoprite nigeria closes Maryland store, reopens Lekki outlet looted during #EndSARS
Retail Supermarket owners of Shoprite in Nigeria, have announced plans to reopen the Circle Mall Store located in Jakande, Lekki…
Solana’s ecosystem wallet, Phantom, clinches unicorn status as it raises $109 million
Phantom, a software wallet and browser extension for the Solana ecosystem has raised $109 million in Series B financing which…
Lawan: Government-owned enterprises can generate N3trn revenue annually
Senate President Ahmad Lawan says revenue generating agencies of the federal government are capable of generating N3 trillion annually. Lawan…
CSO writes FG, demands details of N3tn budgeted for petrol subsidy in 2022
The People’s Alternative Political Movement has asked the federal government to provide details of the N3 trillion budgeted for petrol…
NGX: Total activity level declines on reduced local and foreign investors’ participation
NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined by 19.3%…
MTN mobile lending, VAS rakes in N70 billion in 2021
Giant telecom company MTN Nigeria reported a revenue of over N70 billion in 2021 from Value Added Services (VAS) Value-added…
AFEX seeks to raise $175m to finance agro-processors in Africa
AFEX one of Nigeria’s commodity players seeks to raise $175 million in its bid to provide low-cost financing to agro-processors…
CBN 100 For 100 Policy: 28 Companies Benefitted
Godwin Emefiele, governor of the Central Bank of Nigeria(CBN), says 28 companies benefitted from the first cycle of the 100 for…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million Series…
Commercial Bank Gives N2.5Billion Loan To Cocoa And Plantain Farmers Association Of Nigeria
The Cocoa and Plantain Farmers Association of Nigeria says it has secured a loan of N2.5bn for its members from…
CBN Reduces Charges On Electronic Banking Transactions
The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review…
FG pays $194m for Port Harcourt refinery, plans additional $98m, N17.2bn
The Federal Government has processed $98m as partial payments for the ongoing rehabilitation of the Port Harcourt Refining Company. Advance…
FUGAZ investors gain over N4 billion combined during the week
FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors in these…
Nigeria’s forex inflow hits $55.5bn in seven months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
Stop introducing more taxes, financial experts urge FG
Financial experts have urged the Federal Government to stop the introduction of more taxes because of the nation’s weak economy.…
Knife Capital Backs HR Software startup’s latest round
Wamly a one-way video interview software startup based in South Africa secures funding from local venture capital firm Knife Capital…
TIDE Africa II raises almost half its final goal with first close
Africa-focused venture capital firm TLcom Capital, known to have made bets on Andela and Twiga, is raising $150 million for…