Cryptocurrencies, Virtual Assets Pose Serious Risks For Nigeria – ICPC Boss
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Bolaji Owasanoye, on Tuesday said virtual assets…
Category: Local
Naira Gains As Market Turnover Rises By 134.63%
Nigeria’s currency on Tuesday gained 0.34 percent to close at N408.60k per dollar compared to N410.00k closed since two days…
New NDIC, AMCON Bosses Yet To Assume Office Over Executive Delays
The newly appointed bosses of the Nigerian Deposit Insurance Corporation (NDIC) and Asset Management Corporation of Nigeria (AMCON) are yet…
Emefiele Defends Cryptocurrency Ban Before Senate
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele says the Bank’s decision to prohibit deposit money banks, non-banking institutions…
Federal Government Of Nigeria Inaugurates Ministerial Task Force On Digital Switchover
The Minister of Information and Culture, Lai Mohammed, on Tuesday inaugurated a 13-member ministerial task force to drive the Digital…
Securities And Exchange Commission, Central Bank Of Nigeria, Others’ll Develop Regulatory Framework For Crypto Assets —Yuguda
The Securities and Exchange Commission, the apex regulator of the nation’s capital market, has said it will collaborate with the…
Struggling Job-Creating Sectors Show Unemployment Woes May Persist
Nigeria may be out of recession for the second time within five years, but sectors of the economy collectively responsible…
Nigeria’s Equities Market Gains N6Bn
A slightly positive close (+0.03percent) on Tuesday is an indication of a possible reversal in the recent negative trend on…
Individuals An Build, Maintain Highways, Says Federal Government Of Nigeria
Under the new Highway Development and Management Initiative of the Federal Government, private individuals will be permitted to build, operate…
Federal Government Gas Expansion To Lift 100m Out Of Poverty — Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday that the Federal Government’s National Gas Expansion…
N2.2bn Fraud: Fayose Gets Permission For Foreign Medical Trip
Justice C.J. Aneke of the Federal High Court in Lagos has granted permission to a former governor of Ekiti State,…
Nigerian 30b Benin Storm water Project Was A Fraud, Obaseki Declares
Edo State Governor, Godwin Obaseki, yesterday, declared that the N30b Benin stormwater project embarked upon by the previous administration was…
Oil To Hit $70 In Second Quarter
Goldman Sachs Group Inc. has raised its price estimates and is predicting that Brent will reach $70 a barrel in the…
Alleged 69.4bn Debt: Court Vacates Order Against Jimoh Ibrahim’s Assets
The Federal High Court, Abuja, on Monday, set aside the interim order through which the Asset Management Corporation of Nigeria…
ICT Drove Economic Growth In 2020, Says Pantami
The Minister of Communications and Digital Economy, Dr Isa Pantami, has said the Information and Communications Technology sector recorded the…
Investors Kick Against Concession Of Lagos Trade Fair Complex
An umbrella body for the 61 investors that secured different development lease agreements from the Federal Government through the Ministry…
Insurance Sector’s Assets Hit N1.82tn On Recapitalisation Deadline
Despite the impact of COVID-19 pandemic on the economy, the insurance industry attracted some investments that boosted its assets, investigation…
With Rising Poverty, Unemployment, Nigeria Sitting on Time Bomb
The Financial Derivatives Company Limited (FDC) has stressed that Nigeria’s high unemployment (27.1%), its large youth population, as well as…
Private Investors Fault Central Bank Of Nigeria’s N50Bn Injection Into Commodity Exchange
Private investors in commodity exchanges have faulted the plan by the Central Bank of Nigeria (CBN) to inject N50 billion…
Court Grants Okorocha’s ADC, Others N70m Bail
An Aide-de-camp to a former governor of Imo state, Eberendu Chiimechefulem, his legislative aide, Steve Asinuobi and 12 other aides…
Economic Recovery: Beneath The Wobbly Growth
As predicted, the economy has exited recession. But as expected also, at 0.11 per cent, the growth is fragile –…
Buhari Sets Record As Nigerians Grow Poorer For Sixth Straight Year
At no point in its 60-year history has Nigeria’s economy expanded slower than its population for a longer period than…
Shareholders Approve Chemical Allied Product, Portland Paints Merger
Shareholders of Chemical and Allied Products (CAP) Plc and Portland Paints and Products Nigeria (PPPN) Plc have approved the merger…
Saudi Defence Firm SAMI Targets $5 Billion Annual Revenue By 2030
State-owned Saudi Arabian Military Industries (SAMI) aims to generate annual revenue of $5 billion by 2030, its chief executive said…
Stock Market Extends Losing Streak, Sheds N130Bn
The market capitalisation of equities listed on the nation’s stock market declined by N130bn last week as negative sentiments persisted…
Nigerian Stock Exchange Upgrades Africa Prudential To Medium Price Stock
T he Nigerian Stock Exchange (NSE) has upgraded Africa Prudential (APR) Plc from low-priced stock to medium-priced stock following recent…
Oil Gains As U.S. Production Slowly Returns After Freeze
Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised…
Nigeria Has $5.83bn Undisbursed Foreign Loans
Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has…
Banks Incur N80.75bn E-Banking Expenses As Digital Transactions Hit N111.29tr
As COVID-19 triggered exponential increase in electronic-payment adoption, five Nigerian banks have incurred N80.75 billion expenses in fees and commission…
Optimism On Economy’s Recovery
Many Nigerians underestimated the resilience of the economy until last Friday when National Bureau of Statistics (NBS) rolled out its…