Shakeup In NNPC, Senior Management Staff Redeployed, COO Sacked
The Nigerian National Petroleum Corporation on Monday announced the promotion and redeployment of some staff to fill vacant positions, as…
Category: Local
Equities Market Commences Week On Negative Note, Drops By N126.86bn
The Nigerian equities market commenced this week on a bearish note, as investors profit-taking in mid-high capitalised companies down the…
Debt Servicing Consuming Nigeria’s Revenues, Says LCCI
The Lagos Chamber of Commerce and Industry has advised the Federal and State Governments to liberalise the infrastructure sector by…
Customs To MDAs: Only Items Imported By President Are Exempted From Taxes
Timi Bomodi, NCS deputy national public relations officer, said this in a statement on Friday. Bomodi said this while raising…
Nigeria Still Imports Dirty Fuel Four Years After Ban
Nigeria is still importing petroleum products with high sulphur content as the ban imposed on the importation of such fuels…
CBN Charges Bank Customers On Their Rights, Privileges
The Central Bank of Nigeria (CBN) has charged customers of commercial banks to know their rights and privileges at all…
NEPZA, Delta Move To Revive Koko Port FTZ
The Nigeria Export Processing Zones Authority on Sunday disclosed that discussions were ongoing with the Delta State Government to revamp…
NIPOST Alleges Shady Deals In Capital Market, Raids Firm Over N15m Illegal Contract
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), at the weekend, uncovered some of the…
Helios Fairfax Taps Ujiri As Non-Executive Director
Helios Fairfax Partners Corporation (“Helios Fairfax”) (TSX:HFPC.U) announces that it has appointed Masai Ujiri as an independent director. Ujiri grew…
Kenya Wapi Pay Secures $2.2m Pre-Seed Round To Ease Payments Between Africa And Asia
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings and Gobi Ventures.…
Naspers Foundry Makes Second Insuretech Deal In Two Weeks
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure due to…
Kuda Valued At $500 Million After Quick Series B
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar ventures…
Southeast Asia’s Tech Start-Ups Could be valued at $1 trillion By 2025, VentuCapital Firm Predict
Southeast Asia’s technology start-ups had a combined valuation of $340 billion last year and that figure may jump more than…
Nigeria Can Generate Billions of Dollars From Cloud Computing Services To Unlock Growth Opportunities
The Director General/CEO, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi has stated that Nigeria can generate huge sums…
Experts Proffer Solutions For Nigeria’s Economic Recovery In Q2′ August 6, 2021
Some economists on Thursday said that unlocking Nigeria’s dead capital in residential real estate, agriculture and driving its export diversification…
Nigeria Labor Congress Demands Electricity Tariff Reduction Agreement Implementation By December Kindly Share This Story:
The Nigeria Labour Congress has said the Federal Government must implement by December the agreement to reduce electricity tariffs by…
Nigeria: Confusion As Emirates Says Nigerian Flights Remain Suspended
Emirates’ flights to and from Nigeria will remain suspended until 15 August 2021, the United Arab Emirates (UAE) carrier, has…
Nigeria CEOs Among Best Paid In Sub-Saharan Africa, PwC Says
Chief executives of Nigerian-listed companies are among sub-Saharan Africa’s highest earners, according to a new report by PwC. The median…
The New Forex Ban And Its Short Term Market Reaction
The CBN in a twist of events has discontinued its forex sale to BDCs with immediate effect. This announcement was made by…
Nigeria’s Financial System Sound, Stable, Resilient – CBN Governor
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money…
DMO Unveils Transaction Advisers For N2.343 Trillion External Borrowing
The Debt Management Office (DMO) on Wednesday revealed that the Federal Executive Council has approved transaction advisers for the issuance…
FG Considers Blueprint To Reposition Free Trade Zones
Trade Zones – PUNCH AUGUST 05, 2021 BY Amarachi Orjiude The Federal Government has called on stakeholders in the private…
Merits In CBN Stoppage Sales Of Forex To BDCs
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators…
Twitter ban: Nigerians Lose N150.46bn In Two Months
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on…
Federal Executive Council Approves $11.174bn For Construction Of Lagos-Calabar Coastal Rail
The Federal Executive Council (FEC) has approved $11.174 billion for the construction of a standard-gauge coastal railway from Lagos to…
Privatization: Nigeria Aims To Put 36 State Assets In Private Hands
The Bureau of Public Enterprises (BPE), Nigeria’s privatisation agency, intends to sell 36 state-owned assets in 2021. This is according…
Federal Government Of Nigeria Appoints Eight Transaction Advisers For $6.2bn Eurobonds
Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its…
Different From Bitcoin’ — What You Need To Know About ENaira, CBN’s Proposed Digital Currency
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency (eNaira)…
Oil Settles Lower In Volatile Trade On Worries About Delta Variant
Oil settled lower on Tuesday, as concern about rising cases of the Delta coronavirus variant outweighed expectations for another weekly…
Shipping Losses At Historic Lows, As Covid, Mega-Ship Remain Challenge – Allianz
The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges,…