Oil Rises On OPEC+ Supply Restraint And Brighter Economic Forecast
Oil prices rose on Wednesday, supported by an OECD forecast for on global economic recovery and by OPEC+ oil output…
Category: Local
After Raising $179m, Nigeria’s $1Billion Valued Flutterwave Eyes New York Listing
Nigeria-founded payments company Flutterwave has raised $170 million from investors to expand its customer base, pushing its valuation up to…
Ex-Dangote GM, Two Others Jailed For $32,000 Insurance Fraud
Justice S. S. Ogunsanya of the Lagos State High Court, on Tuesday, sentenced a former General Manager of the Dangote…
Experts Brainstorm On Marketing Communications
A marketing and advertising publication, Marketing Edge, is set to host leading experts in the integrated marketing communications (IMC) sector at the…
NESG Launches Debt Management Initiative
The Nigerian Economic Summit Group (NESG) and the Open Society Initiative for West Africa (OSIWA) have launched the Debt Management…
Over N527bn Ibori Loot Still Being Expected —Federal Government
The Federal Government says over £100m (N527bn), allegedly stolen by a former Governor of Delta State, James Ibori, and his…
AfDB Approves $1.3m Grants For Female Financial Inclusion
The African Development Bank has approved two grants for research that will increase African women’s access to a range of…
Central Bank Of Nigeria Receives 286 Proposals For Health Research Grants
The Central Bank of Nigeria has said that it received over 286 proposals from the public for grants under its…
UBA Launches Mobile Banking App For 20 African Countries
United Bank for Africa (UBA) yesterday launched a new mobile banking for Nigeria and 19 other African countries. The app,…
Market Players Seek End To Rising Unclaimed
As listed firms release 2020 full-year results, capital market investors have renewed calls on the Securities and Exchange Commission (SEC)…
Stock Investors Lose N371Bn In One Day
Investors on the Nigerian Stock Exchange on Tuesday lost N317bn in a trading session amid sell pressure on bellwethers, the…
Nigerian Electricity Regulatory Commission Concerned About Estimated Billing For Faulty Meters
Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution…
Nigeria’s Southern Governors Demand 10% “Host Community Fund” In The Petroleum Industry Bill
Governors of the South-South States have demanded an upward review of the provision of 2.5 percent as host community trust…
States, Others Not Funding 3.5 Million Workers’ Pension – PenCom
The National Pension Commission has faulted states and some private companies for not funding 3.5 million pension accounts opened by…
Cash Crunch Reduces National Assembly’s Sittings To Once A Week
The two chambers of the National Assembly may not meet the mandatory constitutional requirement of 181 sittings yearly because of…
Nigeria Needs Domestic, International Capital To Attain $1.5t GDP By 2030 – Rewane
An economist and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, says Nigeria needs to attract both domestic…
The Security And Exchange Commission Partners AfDB To Broaden Market Instruments
To strengthen Nigeria’s securities market regulation and broaden tradable instruments, the Securities and Exchange Commission (SEC) has announced a $400,000 grant…
Investors Lose N240bn As Stocks Extend Losing Streak
Investors in the Nigerian stock market lost N240bn in the first trading week of March as the market capitalisation declined…
Secretary To The Government Of The Federation, Ministers, PTF Members Receive Covid-19 Vaccines Today
The Secretary to the Government of the Federation and the Chairman Presidential Task Force on COVID-19, Boss Mustapha, and members…
Banks Woo Customers With New Central Bank Of Nigeria ‘Naira-4-Dollar’ Policy
Deposit Money Banks on Sunday started wooing customers ahead of the commencement of the latest ‘Naira-for-Dollar’ policy of the Central…
We Spent N966bn On Pipeline Repairs, NNPC Replies Augf
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated…
To Sustain Recovery, CBN Extends Interest Rate Cut On Pandemic Loans
The Central Bank of Nigeria’s (CBN) extension of the interest rate it reduced during the pandemic (officially known as discounted…
Nigeria’s Risk Premium Hits 1yr High Despite Rising Oil Prices
Investors are demanding higher returns from Nigeria to be holders of its debt as compensation for tolerating its high-risk environment,…
Oil Palm Firm Re-Strategises For Optimal Performance
The Okitipupa Oil Palm (OOP) Plc has embarked on some measures aimed at re-strategizing and putting the company on a…
World Bank To Spend N27bn On Road Infrastructure In Aba
The World Bank has released a whopping N27 billion for rebuilding of road infrastructure in Aba the economic live wire…
3.8 Million Farmers Benefit From Anchor Borrowers’ Programme – CBN
The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP).…
FG Considers 20% Hike In Petrol Freight Cost
The Federal Government is considering a 20 per cent hike in the cost of freighting petrol across the country, as…
UK Signs Trade Partnership Agreement With Ghana
The UK has signed a trade partnership agreement with Ghana that secures tariff-free trade and provides a platform for greater…
Breakdown Of Modalities To The New Central Bank Diaspora Forex Remittances
In what appears to be an attempt to incentivize dollar remittances by all means possible, the Central Bank of Nigeria…
Central Bank Of Nigeria Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances
The Central Bank of Nigeria (CBN) has announced the introduction of “CBN Naira 4 Dollar Scheme”, an incentive for senders…