NNPC Partners Kebbi On Renewable Energy Project
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State on…
Category: Local
NAIC Pays N1.7bn Claims To Farmers
The Nigerian Agricultural Insurance Corporation (NAIC) said it paid a total of N1.7 billion claims to over 5,000 farmers in…
PenCom Attributes N58bn Decline In Pension Assets To Market Volatility
The National Pension Commission (PenCom) has attributed the N58 billion decline in total pension assets from an all-time high value…
Mastercard, Uber Extend Partnership
Uber and Mastercard have extended their partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions.…
Ganduje Disburses N148m To 1,400 Public Schools
The Kano State Governor, Mr. Abdullahi Umar Ganduje, has commenced the disbursement of N148 million upkeep grants for 1,400 public…
Central Bank Of Nigeria To Expand Borrowers’ Database, Orders Banks To Register On Credit Management System
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs)…
First Bank To Create Awareness On Digital Safety
First Bank of Nigeria Limited said it will sensitise individuals and businesses with useful information on how to be protected…
UBA Business Series To Equip SMEs With Performance Management Strategies For Organisational Growth
As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the…
Lagos Muslims To Pay N1.37m For 2021 Hajj
The Lagos State Muslim Pilgrims Welfare Board has said that the least amount to be paid for participation in the…
Pipeline Vandalism Reduced By 37.21% In January – NNPC
The Nigerian National Petroleum Corporation on Tuesday announced a 37.21 per cent decrease in cases of pipeline vandalism across the…
Manufacturing Sector Intervention Fund Now N803bn –CBN
Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN…
3,499 CPS Retirees Not Entitled To Pensions In Q4 – PenCom
The National Pension Commission refunded N848.92m to 3,499 retirees under the Contributory Pension Scheme and allowed them to leave the…
Online Transactions Rise By 99% To N22.77tn
The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from…
ITA, NEPC To Train Agric Entrepreneurs
As part of its commitment to boost trade relationships with Nigeria, the Italian Trade Agency has unveiled its training programme…
Ecobank Appoints New Head Of Corporate Banking
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Akin Dada as the new Executive…
BUA, 27 Others Now Have Active Refinery Licences, Says DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining…
We’re Losing Millions Of Dollars Selling Cements In Nigeria-Dangotedo
Dangote Group says its cement is cheaper in Nigeria than in Ghana and that it is losing dollar earnings focusing…
BUA’S $300m Sugar Refinery Ready Next Year
BUA Group is working towards unveiling its 10,000 tons cane per day (tcb) sugar refinery in the first quarter of…
OPEC Raises 2021 Oil Demand Growth Forecast On Hope Pandemic Wanes
OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside,…
We’ve Lost Dollars To Sell Cement In Nigeria – Dangote
The manufacturer responds to reports its cement cost more in Nigeria than in other African countries. The Dangote Cement Plc.…
CBN to Commence Enrolment of All DFIs, MFBs, PMBs and FCs on the CRMS Platform
As part of the efforts to promote a safe and sound financial system in Nigeria, the CBN introduced the CRMS…
Qatar To Pump Nigeria’s Economy With $5 Billion Investment: Reports
Qatar is eyeing up plans to invest $5 billion into the African country’s economy, Nigerian media reported on Monday. The Gulf state’s…
Nigerian Exchange Launches New Corporate Identity
Nigerian Exchange Group (NGX Group) Plc, a leading integrated market infrastructure in Africa, has launched of its new corporate brand…
CBN To Clamp Down On Bad Debtors To OFIs
The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial institutions…
Nosediving Disposable Income, An Underlying Factor In Nigeria’s Housing Deficit —— LBIC MD, Lawal
Mr. Oluwatobi Lawal is the Managing Director/CEO, Lagos Building Investment Company PLC. In this interview with MOSES ADENIYI, he gives perspectives…
No Going Back On NIN, SIM Verification, Says Pantami
Minister of Communications and Digital Economy, Dr. Isa Pantami, yesterday, said Federal Government would not go back on the verification…
‘Support For Indigenous Brands Critical To Economic Growth’
The Managing Director, Rite Foods Limited, Seleem Adegunwa, has called on Nigerians to support indigenous businesses to grow and compete…
Households, Businesses Can Apply For N50Bn COVID-19 Loans – CBN
The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for loans…
Report: Increased Borrowing May Trigger Structural Reforms in Nigeria
As Nigeria is projected to raise $3 billion this year meet its infrastructure needs, which is expected to increase its…
Sell-Offs In Microfinance Banks Over Recapitalisation
Ahead of April’s deadline for the first threshold of recapitalisation exercise in the Microfinance Bank (MFB) sub-sector, some operators that do not…