Naira Depreciate By 0.19 Percent
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.…
Category: Local
ABCON Seeks Measures To Curb Naira Depreciation
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated measures to curb the continued depreciation of the…
House Of Representative Expressed Concern Over High Rate Debt Servicing: 2022 Budget
As the legislative debate on the 2022 budget, which was presented to the joint session of lawmakers by President Muhammadu…
CBN Revises Regulations, To Sanction BVN Violators
The Central Bank of Nigeria (CBN) has revised its regulatory framework for Bank Verification Number (BVN) operations noting that violators…
Oil Drops On Worries Inflation May Dent Fuel Demand Growth
Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural…
Federal Inland Revenue Services Generated Revenues Worth N4.2 Trillion In Nine Month
Muhammad Nami, executive chairman of the Federal Inland Revenue Services (FIRS), says the agency generated revenues worth N4.2 trillion in…
Despite Forex Scarcity Fuel Imports Consumed $690 Million In Eight Month
As Nigeria’s refineries continue to sit idle, fuel imports remain a major user of foreign exchange as $690.19m (about N285.95bn,…
International Monetary Fund Increases Nigeria’s Growth Prospect To 2.6% & 2.7% For 2021 & 2022
The International Monetary Fund (IMF) has increased Nigeria’s growth prospect to 2.6 per cent and 2.7 per cent for 2021…
UN Promise To Support Nigeria Industrialisation So As To Achieve Sustainable Development Growth
The United Nations (UN) has promised that it is committed to supporting Nigeria’s industrialisation bid as the country progresses towards…
Kaspersky Blocks 206 Thousand Mobile Malware Attack For Middle East, Turkey and Africa In Six Month
Out of the more than 206 000 mobile malware attacks blocked by Kaspersky solutions for the Middle East, Turkey and…
BVN: Violators Will Be Sanctioned- Central Bank of Nigeria
The Central Bank of Nigeria has said in its revised regulatory framework for Bank Verification Number operations that violators will…
Nigerian Stock Exchange: Equity Market Gain N95.34 Billion
The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following…
CSOs Ask FG To ‘Urgently’ Investigate Nigerians Named In Pandora Papers
Civil society organisations (CSOs) have called on the federal government to begin investigation into persons and companies named in the…
Naira Stable, Trades N570/$1 At Parallel Market Weeks After CBN/AbokiFX Row
Nigerian naira on Monday opened the week’s trading at N570 per dollar at the market – as vice president Yemi…
More Ministers’ Sack Looms As Buhari Supervises Appraisal
There is the likelihood that President Muhammadu Buhari will sack more ministers when the ongoing performance appraisal is completed. The…
Reasons FG Can’t Stop Fuel Subsidy Now – NNPC, Marketers, Experts
The Nigerian National Petroleum Corporation, oil marketers, and experts on Sunday explained why the Federal Government could not stop the…
Oil, Gas Sectors Critical Part Of ESG Equation
ESG investing” has become incredibly topical with activist investors over the last couple of years, but while there is a…
Nationwide Strike Suspended by NNPC
Nigerian petroleum tanker drivers have suspended a nationwide strike that was due to start on Monday to give negotiations a…
Nigeria Comes Sixth In Countries With Highest Exposure To Funds And Support From International Finance Corporation
Nigeria has been rated sixth among the top 10 countries with the highest exposure to funds and support from the…
Nigerian Communication Commission Inaugurates Incidence Response Facility For CyberCrime
The Nigerian Communications Commission (NCC) has inaugurated an incidence response facility, aimed at addressing incidences of cybercrime, protecting telecoms infrastructure…
Adiwale Partners Made Final Close Of It’s First Fund For Investment In Francophone Africa
Private equity firm Adiwale Partners has made a final close of its first fund, nearly two years after making a first close…
Citi Launch Holistic Digital Policy
Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report, entitled: ‘’Holistic Digital Policy – Nation States Must…
Africa50 Launch $500 Million Infrastructure Acceleration Fund
Africa50, a pan-African investment platform, has launched $500 million Infrastructure Acceleration Fund to bridge the continent’s infrastructure gap. Africa50’s investor…
Stone Three Get Funding From Venture Capital Firm “Knife Capital”
Cape Town-based Stone Three, an industrial internet of things (IoT) firm, has secured funding from venture capital firm Knife Capital…
AfricInvest Acquires Minority Stake In Royal Exchange General Insurance Company
AfricInvest, a leading Pan-African asset management company has announced the acquisition of a minority stake in Royal Exchange General Insurance…
Nigeria Seeks participation In Business Jet Services
Nigerian operators are seeking more participation in the global luxury travel market estimated to grow by $1,232.77 trillion between 2021…
Foreign Airlines To Reduce Number Of Ticket On Nigeria Route Due To Dollar Scarcity
As the naira crisis continues to worsen, foreign carriers operating in Nigeria have begun moves to reduce the total number…
