Private Sector To Provide N298.3tr Needed For 2021 –2025 NDP
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total spend. Specifically,…
Category: Local
Amid Currency Crisis, Nigeria Reserves Gain $5 Billion In 2021
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600 million in December…
EU Countries Seize 82% Of Nigeria’s Agro Products Exported Illegally – FG
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are…
United States Federal Bureau Of Prisons: Invictus Obi Will Be Released In September 2028
According to a statement on the United States Federal Bureau of Prisons website, Obinwanne Okeke will be released in 2028.…
Seven Companies Delist, Three Lists On NGX In 2021
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid expectation…
Nigeria’s Solar Industry Growing, Says US-Nased Firm
A United States-based solar product design and marketing company, SolAps, has said the Nigerian solar power industry is growing and…
Nigeria: FG Borrows N13.6tn Via Bonds In Six Months Amid Rising Deficit Financing
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn,…
Cargoes Are Trapped In China’ — Lagos Shippers Lament Container Scarcity
The Shippers Association of Lagos (SAL) has expressed worry over the scarcity of empty containers to bring cargoes into the…
SEC Urges Nigerians To Avoid Deals With FinAfrica, Poyoyo Investment
The Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. The…
Naira Falls At Official And P2P Forex Market
The exchange rate between the naira and the US dollar closed at N415.1/$1 at the Investors and Exporters (I&E) window,…
Nigeria Govt Should Support Businesses To Revive Economy’
The Group Managing Director/Chief Executive Officer, CFL Group, Mr Lai Omotola, has said it is important for the government to…
MTN Nigeria Launches RCS Business Messaging With Google, Dotgo
MTN Nigeria is all set to launch RCS Business Messaging (RBM) Services in partnership with Google and Dotgo. Dotgo is…
Nigeria To Replace Identity-Slips With Digital Tokens
The Nigerian Government has announced that it would replace its National Identification Number (NIN) with a suite of digital Tokens.…
Petrol Subsidy Rises, Hits N1.16tn In 11 Months
The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November this year,…
One Million Nigerians, Under 24, Died Over Healthcare, Socioeconomic Problems 2020 – Report
About one million Nigerians under the age of 24 died in 2020 due to healthcare challenges in the country. Estimates…
FG Rakes In N2.56tn From Petrol, Kerosene, Diesel Sales In 13 Months
The Nigerian National Petroleum Company Limited on Wednesday announced that it earned N2.56tn revenue from the sale of white products…
Chinese Companies Embark On A Metaverse Trademark Race
In spite of the metaverse and nonfungible tokens (NFTs) warning issued by People’s Bank of China’s (PBOC) in November, more than…
World Bank Loans Nigeria $700m For Water Supply, FG Blames States
The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the…
Foreign Investors Withdraw N173.32bn From Stock Market
Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official data obtained…
Nigeria Loses N499.32bn As Twitter Ban Hits 200 Days
Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021. The…
Investors Record N260bn Weekly Gain As 32 Stocks Rise
Investors in the Nigerian stock market gained N260bn as 32 firms saw their share prices rise at the end of…
Online Learning Platform Raises $3.5m Pre-Seed Funding
Edukoya, an online learning platform, says it has raised $3.5m in pre-seed round to enable its live launch in 2022.…
Google Announces Investment In Tech Startup
Google has announced its first investment from its Africa Investment Fund in SafeBoda, a tech firm that operates in Nigeria…
Foreign Telcos To Pay $0.045 To Terminate Calls In Nigeria
Foreign telecommunications companies, telcos who wish to terminate calls to their counterparts in Nigeria, will now have to pay a…
Togo, Benin, Niger Paid Nothing For Nigeria’s Power Supply, Says NERC
The Nigerian Electricity Regulatory Commission has said the Republic of Benin, Niger Republic and Togo made no payment for the…
Nigeria’s External Reserves Fall By $440m In Two Weeks
The nation’s external reserves fell by $440m in two weeks from $41.15bn at the start of this month, figures obtained…
CBN Approves Appointment Of Ahmad Abdullahi As FBNH Chairman
The Central Bank of Nigeria (CBN) has approved the appointment of Ahmad Abdullahi as non-executive director and chairman of First…
FBN Holdings Notifies NGX, Investors Of Remi Babalola’s Resignation
FBN Holdings Plc has officially notified the Nigerian Exchange Ltd and the investing public of the resignation of Remi Babalola,…
Naira Slides Ahead Of Yuletide, Exchange For 570/Dollar
The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday. Some…
Paxful Launch Gift Card Hub
Paxful has launched a gift card hub as a one-stop shop for trading gift cards on its platform. According to…