Electricity Consumers Get 611,231 Meters Under MAP Scheme
A total of 611,231 meters have been deployed as at January 31, 2021 under the Meter Asset Provider initiative since…
Category: Local
My $1.9 Billion In Minnesota Bank – Femi Adesina
Let’s have a comic diversion today from weightier matters of our national life. Because what I want to discuss can…
Telecom Workers Threaten Services Disruption Over Anti-Labour Practices
Private Telecommunications and Communications Senior Staff Association of Nigeria has threatened to disrupt the activities of Huawei Technologies Nigeria if…
Federal Government Seeks Asset Manager For N15tn Infraco Fraud
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as…
Nigeria’s Economy Moving In Right Direction But Slow – Amina Mohammed
Nigeria is moving in the right direction economically but its movement is not fast, the United Nations stated on Thursday.…
N10.7Tn Spent On Fuel Subsidy In 10 Years – Major Oil Marketers Association Of Nigeria
Nigeria spent a total of N10.7tn on fuel subsidy in the last 10 years, the Chairman, Major Oil Marketers Association…
Nigerian Port Authority Accuses Govt Agencies Of Sabotaging 24-Hour Port Operation
The Managing Director of the Nigerian Ports Authority, (NPA), Ms. Hadiza Bala-Usman, has accused some federal government agencies operating at…
Corruption In Ports Batters Nigeria’s Global Rating — NSC
The Executive Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has said that the negative global corruption rating of…
Open Banking In Nigeria: What Next For Financial Services Sector
The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a document which the…
Nigeria Engages Other Countries As OPEC Moves To Ease Production Cut
As Nigeria engages key African countries ahead of the Organisation of Oil Exporting Countries and allies ((OPEC+) meeting due next…
Central Banks Fight Back Against Bond Rout, Calming Investors
The standoff between central banks and bond traders took center stage in Asia on Friday after Treasury yields surged to…
Unifying Naira’s Exchange Rate Will Take Time, Nigerian Govt Tells World Bank
The government says World Bank’s insistence that the gap between the spot and the parallel market rates be closed will…
Trademark: Nigeria Firm Floors Facebook In Court
The Lagos Division of the Court of Appeal has dismissed an appeal filed by Facebook Inc and Facebook Ireland Limited…
Nigeria Seeks Fund Manager For $37 Billion Infrastructure Unit
Nigeria plans to hire an asset manager for its new Infrastructure Corp. of Nigeria Ltd., designed to raise as much…
Nigeria: Influx Of Foreign Miners Causing Tension In Edo Communities
Communities in Dagbala and Uneme-Erhurun in Akoko-Edo Local Government Area of Edo State are under tension following the influx of…
Exit From Recession, Result Of Our Fiscal Policies — Federal Government Of Nigeria
The federal government said yesterday the country’s recent exit from recession was a direct result of its fiscal policies. Government…
Central Bank Digital Currencies: The Next Big Thing In Global Finance
Interest in bitcoin and other cryptocurrencies is surging and central banks don’t want to be left behind by financial innovation.…
Labour Gives Conditions To Support Refineries’ Privatisation
The Nigeria Labour Congress (NLC) yesterday hinged its support for the planned privatisation of the country’s refineries on the process…
Nigeria Loses N151.78Bn Crude Oil Monthly – Nigerian National Petroleum Corporation
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on…
Federal Government Of Nigeria Urges Accountants To Embrace Whistle-blower Policy
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has urged accountant and other professionals in the financial…
Osinbajo To Lead Discussions At Banks’s CEOs Summit On Economic Growth Tomorrow
Vice President Yemi Osinbajo, Finance Minister, Zainab Ahmed, Governor of the Central Bank of Nigeria, Godwin Emefiele and Chief Executive…
United Capital Grows Full Year’s Profit by 61% To N8Bn
Foremost pan-African financial and investment services group, United Capital Plc, has defied the headwinds in the operating environment to record…
NSE Market Capitalisation Appreciates By N27Bn
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by…
Sustained Bargain Hunting Lifts Capitalisation Further By N30Bn
Trading on the floor of the Nigerian Stock Exchange (NSE) continued in an upbeat manner yesterday, occasioned by bargain hunting…
Nigeria Losing 0.2m Barrels Of Oil Daily To Theft, Vandalism
THE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has disclosed that Nigeria is presently…
Nigeria: 7,250 Ogun MSMEs to access up to N10m loans’
The Ogun State Government has said no fewer than 7,250 Micro, Small and Medium Enterprises operating in the state will…
More Woes For Nigeria As Diaspora Remittances Drop 12% In 2020
International flows of migrant remittances to Nigeria, a significant source of economic support for Africa’s most populous country, suffered a…
Analysis: CBN’s Financing Of Nigeria Deficits, The Defiance And Risks
The Nigerian government’s repeated decision to turn to the Central Bank of Nigeria (CBN) for deficit financing of its budgets…
Shippers Council, NICON Move To Avert N670m Loss To Container Deposit
The Nigerian Shippers Council, NSC, and the National Insurance Company of Nigeria, NICON, have finalised measures to curb the loss…
Biotech Firm Launches Lassa Vaccine Trial In West Africa
A biotechnology company, INOVIO, says the first participant in Lassa vaccine trial has been dosed in a Phase 1B clinical…