Effective Mechanisms To Insulate E-Naira From Hackers And Fraudsters Is In Place : CBN
The Central Bank of Nigeria (CBN), has assured that it has put in place effective mechanisms to insulate the e-Naira…
Category: Local
Central Bank Of Nigeria Sold $867.68 Million Forex To SMEs
The Central Bank of Nigeria, CBN, has raised the volume of foreign exchange sales to the Small and Medium Enterprises…
Transnational Corporation Of Nigeria Record N13.467 Billion Profit After Tax In Q3
Transnational Corporation of Nigeria (Transcorp Plc) has posted a N13.467 billion Profit After Tax (PAT) for third-quarter ended September 2021.…
Airtel Nigeria Completes 8.22 Percent Shares Buyback
AIRTEL Nigeria, a subsidiary of Airtel Africa Plc, has completed the 8.22 percent shares buyback from its minority shareholders, amounting…
CBN Automates Forex Forms For BTA, Tuition Fee
Nigerian banks have informed their customers regarding the automation of Forms A and NCX for invisible and non-commercial exports transactions.…
NCC: Three Telecoms Companies Qualified For 5G Deployment
The Nigerian Communications Commission has announced that three telecoms companies have qualified as approved bidders of the forthcoming 3.5 gigahertz…
South Africa President Urge Nigeria Banks To Set Up Branch In South Africa
President of South Africa, Cyril Ramaphosa has urged Nigerian banks to set up branches in South Africa as the country…
Ondo State Governor To Inaugurate Cocoa Factory
An agro-allied company, Johnvent Industries Nigeria Limited, has said it has invested N3bn to boost cocoa business in Ondo State…
External Reserves Lost $610m A Month
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed.…
No Plan To Exit The Nigeria Market- MTN
MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer to retail investors. This came…
Price Of Crude Oil Is Predicted To Rise To $150 Per Barrel
J.P Morgan Analysts led by Christyan Malek have predicted a rise in the price of crude from its current 76…
Foreign Airlines Stops Local Travel Agencies And Firms From Selling Tickets Due To Dollar Shortage
As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the…
MTN Nigeria Begin Sale Of Shares
MTN Group says it will sell up to 575 million shares held in MTN Nigeria at N169 per share to…
Nigerian Stock Exchange Starts On A Downward Move
The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered…
US Mission Hail Burger King Expands To Nigeria
The US Mission in Nigeria has hailed the growing US-Nigeria commercial ties as Burger King expands to Nigeria. The US…
CIPM Unveils Body Of Knowledge, Competency Framework
The Chartered Institute of Personnel Management has unveiled its body of knowledge and competency framework. According to the CIPM, the…
Jos Electricity Laments N115bn Owed By Consumers
The Managing Director, Jos Electricity Distribution Plc, Engr. Hashim Ibrahim Bakori has said post-paid customers across the company’s franchise states…
Nigeria, Others Seal $42.1 Billion Trade Deals At IATF
Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair…
Nigeria To Benefit From $4.7tr Digital Service Export Market
The National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance that could…
NGX Reopens Negative As Capitalisation Slumps By N20 Billion
Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses in many blue-chip stocks,…
Data Suggest Forex Market Getting Out Of Shock
Notwithstanding the rattle by the newest variant of COVID-19, Omicron, which has raised fresh uncertainty, data and economists see near-term…
AfDB Postpones 2021 Africa Investment Forum Over Omicron COVID-19 Variant Concerns
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum until further notice over rising global travel restrictions due to…
PIA: Natural Gas Price Rises By 50 Cents For Cement, Other Companies
The Domestic Base Price (DBP) of natural gas for heating has risen by half a dollar (50 cents) for cement,…
Banks’ Earnings Hit N2.64tn In Nine Months – Reports
Nine banks made a gross earning of N2.64tn in the first nine months of 2021 according to data collated from…
Dangote Refinery To Become Highest Employer Of Chemical Engineers
The National President of the Nigeria Society of Chemical Engineers has revealed that Dangote Oil Refining Company will be the…
Twitter Has Accepted All Our Conditions – FG
The Federal Government says Twitter has agreed to all the conditions it laid out for its operations in Nigeria. The…
Seplat Energy Announces Plan To Acquire Exxon’s Shallow Water Assets
Seplat Energy, Nigeria’s largest listed oil and gas firm by market value, has announced that it is in competitive discussion…
NCC To Conduct 5G Trial Thursday
The Nigerian Communications Commission says it is set for the second trial of 5G in Nigeria. According to the commission,…
Nigeria’s Exchange Rate Strategy Discourages Investors, increases Inflation – World Bank
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country…
FG’s Capital Market Debt Servicing Gulps N2.18tn In 10 Months – Reports
Servicing of debts acquired through instruments issued by the Federal Government in the Nigeria capital market totaled N2.18tn as of…