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…
Category: Local
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…
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…
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…