#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…
Category: Local
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,…
N74Billion Recovered From Maina Was Used To Finance 2012 Budget – Witness
Ngozika Ihuoma, first defence witness (DW1), on Tuesday, told the Federal High Court, Abuja, that N74 billion recovered by defunct…
We’re Treating Agriculture As Money Making Business — Federal Government Says
The Federal Government, Tuesday, assured that agriculture is being treated as moneymaking business and to create wealth for agribusiness players.…
National Information Technology Development Agency Seeks Review Of 2007 Act
The Director General of the National Information Technology Development Agency, Kashifu Abdullahi, has presented a proposal for the realignment of…
Nigerians Now Use 80,000 Terabytes Of Internet Monthly, Above SSA Average
Nigerians now consume 80,000 terabytes of internet data every month says Umar Garba Danbatta, executive vice-chairman of the Nigerian Communications…
NIMC Warns Nigerians Against Fake NIN Verification Website
The National Identity Management Commission has issued a disclaimer against National Identification Number verification website, https://nin-5gb-offer.online. NIMC on Friday warned…
Petrol Scarcity, Ploy To Hike Price, Say Marketers
The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as…
Oil Demand To Reach 100m Barrels A Day In Four Years – McKinsey
Oil demand is expected to take two to four years to return to 2019 levels, depending on the duration of…