Govt Begins Commercialisation Of Federal Mortgage Bank
The Federal Government on Thursday announced that it had commenced the process for the full commercialisation of the Federal Mortgage…
Category: Local
Over 43 Oil, Gas Cases Waiting To Be Resolved – DPR
The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and gas industry are waiting to…
Kwara Distributes Facilities To Prevent Bird Flu
The Kwara State Government has distributed biosecurity materials to Poultry Farmers in the State. The equipment, which comprised disinfectants, motorised…
Experts Blame Insecurity, Low Production, Forex As Inflation Hits 18.17%
Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting…
Printed N60bn: Central Bank Nigeria Faults Obaseki, Governor Maintains Stand
The Edo State Governor, Mr Godwin Obaseki, has urged the Federal Government to take urgent steps to end the current…
Controversial Payment: RCCG Petitioner Apologises As Fashola Faces Senate
The Minister of Works and Housing, Mr Babatunde Fashola, on Thursday, explained how his Ministry paid N151m to the Cartil…
Nine Power Plants Shut, Federal Government Apologises For Outages
The Federal Government on Thursday said nine power plants were currently shut down, as this was why power outages had…
Bank Fines, Suspensions Weighed By Zimbabwe For Currency Gouging
Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the…
N5.4tr Debt: AMCON Seeks Special Tribunals To Try Debtors
The Asset Management Corporation of Nigeria (AMCON) is seeking the establishment of special tribunals to try those owing it N5.4…
Firm To Raise N20bn Via Lagos Commodities Exchange
Voriancorelli, the first company screened for listing on the Lagos Commodities and Futures Exchange, is seeking to rVise N20bn through…
Oil Price May Hit $70 Per Barrel By Mid 2021
S&P Global Platts has predicted that global oil prices will climb above $70 per barrel around mid-2021 as improved supply…
BDC Operators To CBN: Make Us Pay Agents For Diaspora Remittances
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make…
Oil Edges Lower After Jumping On U.S. Crude Stockpiles Draw
Oil edged lower in Asia after jumping almost 5% on Wednesday as U.S. stockpiles data added to signs the demand…
Nigerian Crude Oil Sold At Deeper Discount, Says OPEC
Amid the availability of large volumes of unsold cargoes in the West African market, three of Nigeria’s major crude oil…
Avoid Reckless Money Printing To Fund Deficits, Experts Warn
Five days after Edo State Governor, Godwin Obaseki, released a bombshell, saying Nigeria was in huge financial trouble after the…
AMCON Seeks Accommodation In BOFIA 2020
The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to accommodate it in the provisions of the…
Federal Government Counters Obaseki, Denies Printing N60bn To Augment FAAC
The federal government yesterday faulted a claim by Governor of Edo State, Mr. Godwin Obaseki, that it printed N60 billion…
Inflation Rises To 18.17%
The Consumer Price Index (CPI) which measures inflation further increased by 18.17 per cent in March compared to 17.33 per…
Growing Concerns As Fluctuating Naira, Unstable Power Supply Scare Investors From Nigeria
Lagos — More foreign investors may dump Nigeria for neighbouring countries in the next couple of months as the harsh…
CBN Calls For Improved Corporate Governance In BDCs
ECONOMY The Central Bank of Nigeria, CBN, has called on bureaux de change (BDCs) directors to improve on their corporate…
Bureau De Change Firms’ Turnover Hit N1trn Annually
Bureau De Change(BDC) operators are already pulling a turnover of N1 trillion annually, hence, demanding that they should allowed to…
ABCON Urges CBN To Make BDCs Diaspora Remittances Agents
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to make…
Senate Confirms Shaba As NASRDA DG
The Senate on Wednesday confirmed the appointment of Dr. Halilu Shaba as the Director-General of the National Space Research and…
Ex-Oyo, Ondo Military Administrator, Usman, Dies
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead. He was said to have died around 3.00am…
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…
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)…