Currency In Circulation Rose By 4.58% To N2.97tn In October – CBN
The Central Bank of Nigeria (CBN) says the currency in circulation rose by 4.58% from N2.84tn in September to N2.97tn…
Category: Local
We’ve Carried Out Due Diligence In Honeywell Acquisition – Flour Mills
Flour Mills of Nigeria Plc (’FMN”) has assured its stakeholders that the recent announcement by the Group to assume majority…
FG May Extend 2021 Budget Implementation To Next Year
The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act till next year following…
Investors Lose N71.44bn As Oil, Banking Stocks Decline
Investors in the equities market of the Nigerian Exchange Limited recorded a loss of N71.44bn at the end of the…
Broadband Subscriptions Drop By 9.8m Million Over Vandalism, Others
Broadband subscriptions dropped from 85.94 million recorded in December 2020 to 76.15 million in October 2021, indicating a 12.08 per…
Flour Mills, Honeywell’s Market Capitalisation Jumps By 34%
Two of Nigeria’s largest flour milling companies, Flour Mills of Nigeria Plc and Honeywell Flour Mills Plc, have recorded a…
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 plague the…
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 process of complete…
Cocoa Tops List Of Exportable Agric Products’
The Nigeria Export Promotion Council has said its export promotion activities are beginning to make a positive impact, considering the…
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 is an arrangement covering the…
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, topping…
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 Entrepreneurship Scheme designed…
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 said. The…
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 Information, Communication…
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 funding of at least…
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 proposed N5,000 monthly transportation…
Hilary Clinton Wants Biden Administration To Regulate Cryptocurrency
Former United States Democratic presidential candidate, Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She…
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 affected oilfield spewing oil…
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 HFMP by…
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 businesses and developers.…
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 deposits (IBDs) for…
Ecobank Warns Prospective Buyer Of Honeywell Flour LTD Says Company Facing Winding Up Proceedings
Consequent upon media reports on the move by Flour Mills Nigeria PLC to acquire 71.69 percent of Honeywell Group Limited,…
Agricorp Invests N4bn In Poultry Production
Agricorp International, Nigeria’s agriculture producing, processing and export company, has invested N4bn into acquiring poultry production facilities across three states…
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, including dollar shortage,…
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 under its intervention…
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…
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 for sale of…
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…
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 trading on Tuesday…