NEITI, ICPC Sign MoU To Curb Illicit Transactions
The Nigeria Extractive Industries Transparency Initiative on Thursday signed a Memorandum of Understanding with the Independent Corrupt Practices and Other…
Category: Local
Discos Paid N26.81bn For Electricity In June – NBET
The Nigerian Bulk Electricity Trading Plc has revealed that market receipts remitted by Distribution Companies in June 2021 amounted to…
Twitter Ban Remains, Says NCC As Nigerians Lose N220.36bn
The Twitter ban in Nigeria is still in effect according to the Director, Public Affairs, Nigerian Communications Commission, Dr Ikechukwu…
Naira Sinks To 530 Against Dollar, Pound Hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid…
Northern Nigerian States Limit Residents’ Movements Over Attacks
Four northern Nigerian states introduced restrictions on movement to curb attacks that have disrupted economic activities and displaced thousands of…
Oil Drops After OPEC+ Alliance Agrees To Return More Barrels
Oil declined after OPEC+ stuck with a plan to boost crude production, with the cartel wagering that the global market…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December…
Central Bank Digital Currencies To Be Tested In BIS Experiment
The Bank for International Settlements will test the use of central bank digital currencies with Australia, Malaysia, Singapore and South…
Remittances: Senate Accuses NNPC, CBN, Others Of Underpayment
The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the country by engaging in…
Foreign Investors Renewing Confidence In Economy, Says Adebayo
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo yesterday said the economy was coming back strongly adding that…
OPEC+ Sticks With Planned Supply Hike As Oil Demand Improves
OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a brief video…
South Africa:Telkom’s Openserve Unit to Terminate DSL Services From 1 October
Telkom South Africa’s Openserve wholesale unit has informed its ISP partners of its plan to cease offering copper-based services from…
Nigerian Communications Commission (NCC) To Hold Public Inquiries On Three Draft Regulations
The Nigerian Communications Commission (NCC) will hold a public inquiry on three draft regulations and guidelines concerning the country’s telecoms…
Central Bank Of Nigeria Clarifies Reports of Non-Remittance of 80% surpluses into Consolidated Revenue Fund
The Central Bank of Nigeria (CBN) has denied allegations that it failed to remit 80 per cent of its operational…
Banning Fossil Fuel Investments Will Hurt Nigeria
The Vice-President, Prof. Yemi Osinbajo, has said the banning or restriction by a growing number of wealthy nations of public…
NAICOM Stops Manual Processes For Insurance Companies
The National Insurance Commission has issued a directive to transit from manual to online processing and all operational activities including…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December…
Nigeria: NNDC’ll Pay Shareholders Dividend, Says Chairman
The Chairman, Board of Directors of New Nigeria Development Company Limited, Tanimu Yakubu, has said the company’s shareholders will receive…
Nigeria: IDB, Others Earmark $520m For Nigeria’s Agro-Industrial Zones
The Senior Special Adviser to the President of the Africa Development Bank on Industrialisation, Prof Banji Oyeyinka, has disclosed that…
Dangote Refinery Complex In Nigeria Set To Cost $19 Billion
A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will…
Nigerian Banks Ask Customers To Return Unutilised Dollars Within 2 Weeks
Nigerian banks have asked customers to return unutilised dollars within two weeks from the day of purchase, in response to…
FG Disburses N56.8bn To One Million MSMEs
The Federal Government has said that it has disbursed N56.8bn to one million Micro, Small and Medium Scale businesses under…
Nigeria’s Center For Disease And Control (NCDC) Boss, Chikwe Ihekweazu, Appointed Assistant DG of WHO
Dr. Chikwe Ihekweazu of Nigeria’s Center for Disease and Control has been appointed Assistant Director-General of the World Health Organization (WHO) in charge of Health Emergency Intelligence with effect from November 1, 2021
OPEC, Other Meet To Decide On Production Increase
The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today) to decide whether to press…
Digital Currency Gains Traction As Central Bank Of Nigeria Appoints Technical Partner
The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partner…
US Ready To Identify Boko Haram Sponsors
The United States has expressed its readiness to help Nigeria to identify sponsors of terrorism in the country. The US…
Central Bank Of Nigeria Urges NLC and TUC To Support Its 5-Year Economic Strategy
The Central Bank of Nigeria (CBN) has urged the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to…
Experts Peg Nigeria’s Infrastructure Gap at $3tn
Research experts have estimated that Nigeria has an infrastructure gap of $3 trillion, which according to them is about six…
Nigeria To Launch $3bn Eurobond On October 11, With Lagos, NY Roadshows
The federal government has set October 11, as the date to shop for new creditors to help finance the 2021…
Central Bank of Nigeria Engages British fintech To Develop Digital Currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the…