Petrol Queues Abate As More Stations Resume Operations
The queues for petrol in Abuja and neighbouring Nasarawa and Niger reduced on Thursday as more retail outlets dispensed the…
Category: Local
JAMB Plans N6bn Head Office In Abuja
THE Joint Admissions and Matriculation Board plans to build a new headquarters in the Central Area of the Federal Capital…
How Cryptocurrency Trading Keeps Nigerians Engaged
Nigerians have continued to the Central Bank of Nigeria (CBN) over its directive to banks to stop the provision of…
Oil Soars Above $67, Nigeria Earns Additional N318bn/Month
Nigeria may have earned over N318bn additionally in February as a result of the increase in crude oil price in…
Only 9.9% Nigeria Businesses Have Crisis Management Plan — CMC
The global health crisis occasioned by the coronavirus pandemic has thrown up the need for Nigerian businesses to embrace crisis…
Federal Inland Revenue Services Targets N5.9tr Revenue This Year
The Federal Inland Revenue Service (FIRS) has proposed a revenue collection of N5.9 trillion in the 2021 fiscal year. FIRS…
Stock Market Extends Loss By 0.40%
The nation’s bourse extended a negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote…
#EndSARS: 25 Insurance Companies To Pay N20.4bn Claims
Twenty-five insurance companies have recorded claims totalling N20.4bn from losses that emanated from the #EndSARS protests which occurred in the…
OPEC+ Debates Whether To Raise Or Freeze Oil Output As Price Recovers
The market has been expecting the OPEC+ group of producers to ease supply cuts by about 500,000 barrels per day…
Nigeria Records N4.9tr Investment Inflows In 5 Yrs
The Nigeria Investment Promotion Commission (NIPC) has said Nigeria’s annual investment inflows averaged $13 billion (about N4.940 trillion) in the…
Fuel Scarcity: Marketers Raise Ex-Depot Price To N163/Litre
Fuel retailers have accused private depots of being responsible for the shortage of Premium Motor Spirit (PMS) popularly called petrol across…
Emefiele Rules Out Foreign Investors’ Exclusion From OMO
Foreign portfolio investors (FPIs) will not be barred from participating in the Open Market Operations (OMO) auctions, Central Bank of…
Nigeria Signs Fresh Five-Plug Bilateral Deal On Industrial Growth
Nigeria has signed a $1.4 billion memorandum of understanding (MoU) with Morocco to enhance its industrial capacity and boost the…
Federal Government Of Nigeria Denies Allocating Vaccines To Rich Nigerian
The Federal Government of Nigeria has insisted that the AstraZeneca/Oxford COVID-19 vaccines currently in the country have not been allotted…
The Leadership Of Cattle And Foodstuff Dealers Under The Aegis Of Amalgamated Union Of Foodstuff And Cattle Dealers Of Nigeria (AUFCDN) Agreed To End The Blockade Of Supplies To The South.
The leadership of Cattle and Foodstuff dealers under the aegis of Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria…
Central Bank Of Nigeria Votes N50b For Commodity Exchange
The Central Bank of Nigeria (CBN) has committed N50 billion into the Nigeria Commodity Exchange (NCX) to boost post-harvest handling…
Nigeria Sovereign Investment Authority, OCP Morocco Seal $1.4bn Deal To Produce Ammonia In Nigeria
The Nigeria Sovereign Investment Authority (NSIA) has sealed a $1.4bn deal with the OCP of Morocco as well as the Akwa…
SMEs Report Rise In Demand As Nigeria PMI Swings Back To Positive
Nigeria’s manufacturing Purchasing Managers’ Index (PMI), a gauge for manufacturing sentiments, moved back into positive territory in February 2021 after…
E-Payments In Nigeria Decline Across All Channels
The value of electronic payment (e-Payment) transactions in Nigeria fell month-on-month, MoM, by 10 per cent to N19.9 trillion in…
Tangerine Life Completes Merger With ARM Life
Tangerine Life Insurance Limited (previously known as Metropolitan Life Insurance Nigeria Limited), has, concluded its merger with ARM Life Plc.…
African Development Bank Backs Digital Currencies, Seeks Gender Inclusion
The African Development Bank (AfDB) has thrown its weight behind digital currencies, putting in motion a machinery to build capacity…
Federal Government Of Nigeria Opens March Savings Bonds
The Federal Government has through the Debt Management Office opened the March savings bond offer to investors. The DMO on…
The Companies And Allied Matters Acts Regulations: Experts Set To Address Controversial Sections
Economic and management experts are set for a big conversation to address controversies surrounding section 124 of The Companies And…
Stock Market Reverses Gains As Index Drops By 0.59%
The Nigerian Stock Exchange (NSE) has reversed positive sentiment to close on a downturn yesterday as the shares of Nestle…
European Telcos Cash In On Tower Assets As High-Cost 5G Investment Looms
European telecoms firms are cashing in on the money-making power of masts, as tower companies line up to pay multi-billion…
Federal Government Of Nigerian Wants Telcos To Establish SIM Swap Centres In 774 LGAs
The Nigerian Government has approved the establishment of dedicated Subscriber Identification Modules (SIM) Swap centres by Mobile Network Operators (MNOs)…
Investors Lose N120bn As Stocks Resume Decline
The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms…
Central Bank Of Nigeria To Phase Out $40b OMO Bills Market
The Central Bank of Nigeria (CBN) will soon end the Open Market Operation (OMO) Bills sales to investors. The policy…
Research Works On Cocoa, Livestock Already In Farms, Says ARCN
The Agricultural Research Council of Nigeria (ARCN), has said research works on cocoa and livestock in the various Agriculture Research…
Three Million Nigerians Lost N18bn To Ponzi Schemes – Securities And Exchange Commission
Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General,…