Stock Market Rebounds With N376bn Weekly Gain
Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite…
Category: Local
Electric Vehicles Charging Station Debuts In Lagos
Vehicle electrification in Nigeria got a boost this week as the federal government commissioned another solar powered electric vehicle charging…
CBN Disburses N97.8b For Healthcare Projects
The Central Bank of Nigeria (CBN) has disbursed N97.8 billion out of the N100 billion lifeline it approved for the…
Ecobank Announces Zero Fees For Transactions On Rapidtransfer
In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate…
N1.3tn Laundered Between 2011 And 2015 – Report
A civil society, YIAGA Africa has disclosed that Nigeria lost at least $582 billion to endemic corruption since independence. The…
Nigeria Puts Six States On ‘Red Alert’ Over Virus Fears
Nigeria has put six states and its capital on “red alert” over rising coronavirus cases, the government said late on…
OPEC+ Set To Meet As Cartel Edges Toward End Of Standoff
OPEC and its allies will meet on Sunday, the latest sign that a bitter standoff between Saudi Arabia and the…
Nigeria’s Inflation Rate Slows To 17.75% In June – Third Consecutive Decline In 2021
The consumer price index (CPI), which measures the rate of change in prices of goods and services, dropped to 17.75…
FCMB Limited Appoints Mrs. Oluwatoyin Olaiya As Executive DIrector, RIsk & Compliance
The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs. OluwatoyinOlaiya as…
Ponzi Schemes Flourish In Nigeria’s Declining Economy
I want to introduce you to one of the biggest investment platforms in Nigeria, RackSterli,” the pop star Davido told his…
Future Of Oil & Gas In Nigeria: Renewed Oligations From Private Sector
From catalysing oil and gas potential to optimising gas production, diversifying consumption, and addressing gas flaring challenges, debates about hydrocarbon…
How FG Can Woo Multinationals To Stock Market, Boost Profitability’
Experts have renewed calls for the Federal Government (FG) to adopt a policy that would help reduce persistent volatility in…
Major Oil Marketers Protest Restriction Of Import Licences To Refiners
The Major Oil Marketers Association of Nigeria (MOMAN) and the Petroleum Marketers Association of Nigeria (DAPPMAN) have kicked against the…
Analysis: Digital Rivals? Central Bank E-Cash Plans Prompt Lenders To Wade In
As central banks dabble with digital currencies, commercial lenders are ramping up efforts to influence policy and technical plans, according…
‘UK Generated £1.9bn From Export To Nigeria In 2020’
The British Deputy High Commissioner to Nigeria, Ben Llewellyn-Jones has revealed that British firms operating in Nigeria were able to…
DMO To Auction N150bn FGN Bonds In July
In a circular issued on Monday, DMO said the bonds will be in three tranches, comprising N50 billion each. The…
Unstable Sugar Price In Nigeria Caused By Increase In Foreign Exchange – NSDC
The National Sugar Development Council (NSDC) has revealed that sudden change or increase in sugar prices in the country is…
Nigeria Hires Money Managers For $37 Billion Infrastructure Fund
Nigeria has picked four asset managers to run a $37 billion fund set up to drive investment in roads, railways…
Petrol Subsidy Ends After Buhari Signs PIB – Minister
The assent of the Petroleum Industry Bill by the President, Major General Muhammadu Buhari (retd.), will put an end to…
ABCON Advocates Reforms To Curb Govt Spending, Public Debt
Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated for reforms that will reduce government spending and also…
Oil Not Going Away Soon – Nigerian Government
Minister of State Petroleum Resources Mr Timipre Sylva, on Monday, reiterated that crude oil was not going away soon as…
EFCC Arraigns Four For N900 Million POS Fraud
The anti-graft agency says the prime suspect connived with some staff members of First Bank to defraud customers using a…
Nigeria’s Lagos State Faces “Potential Third Wave” Of COVID-19
He warned of fines or even imprisonment for those who break rules to contain the virus and said Lagos state…
Nigeria To Become Oil Bunkering Hub In Africa – DPR
The Department of Petroleum Resources (DPR) has said that Nigeria has moved to become the Marine Petroleum Products Retail Operations…
Nigerian Govt Says No Plan To Privatise Electricity Transmission Company
The Nigerian government does not plan to privatise the Transmission Company of Nigeria (TCN), the Bureau of Public Enterprises (BPE), has…
CBN Advocates Private Sector Funding To Tackle 22m Housing Deficit
The Central Bank of Nigeria (CBN) has stressed the need for the mobilisation of private sector funding to redress the…
Dollar Firm Near 3-Month High After Fed Minutes Affirm Taper Timeline
The dollar hovered near a three-month high versus major peers on Thursday after minutes of the Federal Reserve’s June policy…
Senate Approves Buhari’s $6bn Loan Request
The senate has approved the $6.1 billion loan request by President Muhammadu Buhari. The $6.1 billion loan request — N2.343…
AMCON Decries N1.4bn Debtors’ Promissory Notes
The Assets Management Company of Nigeria (AMCON) said it has over N1.4 billion promissory notes offered by bank debtors who…
Dangote Refinery, Others To Buy Crude In Naira
Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum…