Nigeria Digital Identity Project On Course Despite Challenges’
As Nigeria steps up the goal of identifying every citizen within its shores, the Director-General of the National Identity Management…
Category: Local
Manufacturers Lament Hardship, Demand Policy Review On Forex Allocation
Manufactures in Nigeria have asked the Central Bank of Nigeria (CBN) to review policies around the allocation of foreign exchange.…
Federal Executive Council Approves More Borrowings From Central Bank Of Nigeria
The Federal Executive Council (FEC) on Wednesday approved a new Medium-Term Debt Management Strategy (MTDS) for Nigeria from 2020-2023.Under the…
International Monetary Fund Sees Dangote Refinery’s Potential Of Bailing Nigeria From Economic Downturn
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria’s Dangote Refinery would provide an elixir for…
How Nigerians Can Exploit China’s $22tn Market –Chinese Director
The Director, Centre for China Studies, Mr Charles Onunaiju, has said that Nigerians could exploit the huge economic opportunities in…
Bitcoin Pushes Closer To $50,000, Global Stocks Mixed
Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated…
Oil Production Still 300% Higher Than Nigeria’s Projection
Minister of State for Petroleum Resources, Timipre Sylva, yesterday revealed that Nigeria still spends around $30 in producing a barrel of…
Experts Seek Support For Local Technology Production
Technology and engineering experts have emphasised the need for the government to expedite policies that would aid local production of…
Nigeria Rejects Advice To Devalue Currency –International Monetary Fund
The Federal Government has rejected advice by the International Monetary Fund (IMF) to further devalue the Naira which the latter…
Nigeria Government To Crash Oil Production Cost To $10
The Federal Government yesterday launched the Nigerian Upstream Cost Optimisation Programme (NUCOP) to cut down the cost of crude oil production…
Nigeria Stock Exchange Equities Down By 0.34% As Investors Lose N74Bn
Proceedings on the floor of the Nigerian Stock Exchange (NSE) kick started the new week on a bearish note as…
Stockbrokers Proffer Ways To Nigeria’s Economic Progress
Leading experts and stakeholders in capital market yesterday called on the Federal Government to rethink national economic development plan and…
Analysts Forecasts Higher Bond Yields in Second Half of 2021
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see…
Nigerian Stocks In Longest Losing Streak So Far In 2021
Nigerian equities mounted further loss on Monday as the bourse of Africa’s largest economy saw its longest losing streak so…
Nigeria-Niger Rail Line To Boost Trans-Saharan Trade – Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday justified the decision of his regime to construct a rail line…
Oil Holds Rally After Report Points To Shrinking U.S. Stockpiles
Oil was steady near $58 a barrel as an industry report pointed to a drop in U.S. crude stockpiles, adding…
Bitcoin ‘Can’t Be Stopped’: Nigerians Look To P2P Exchanges After Crypto Ban
“There’s no stopping crypto, [it’s] the future and we won’t let some old fools take our future from us,” one…
Central Bank Of Nigeria Diaspora Remittance Policy And How Nigerians Are Reacting
AS part of measures to promote transparency in the management of diaspora payments, the Central Bank of Nigeria (CBN) recently…
Banks Begin Closure Of Cryptocurrency Accounts
The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the Central Bank of Nigeria (CBN) directive that banks…
Access Bank Partners American Express To Expand Cards Acceptance In Nigeria
Access Bank and American Express have launched a partnership to broaden the acceptance and usage of American Express Cards in…
AU Allocates 42 Million Vaccine Doses To Nigeria, CACOVID Donates Oxygen
NIGERIA will soon receive over 42 million doses of COVID-19 vaccines that will cover an estimated 45 per cent of…
Nigeria Records 45% In Broadband Penetration –Federal Government Of Nigeria
The Federal government on Monday said the broadband penetration in the country has moved from 38% last year to 45%,…
Federal Government Of Nigeria Plans To Replace Bank Verification Number With National Identity Number
The Federal Government yesterday said arrangements were on-going to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The…
E-Payment Transactions Rise By 50.3%, Hit N162.95Tn
The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales…
International Monetary Fund Rules Out Nigeria’s Full Economic Recovery Before 2022
Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International…
Petroleum Industry Bill Passage Will See Changes To Oil Companies’ Taxes, Says Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the passage of the Petroleum Industry Bill…
Oil’s Remarkable Rise To Pre-Pandemic Levels Could Be Big Catalyst For Nigeria
Brent, the benchmark for Nigeria’s crude oil, extended its rebound on Monday, hitting the $60 per barrel mark for the…
Minister: Investment In Sugar Industry Will Provide Jobs For Youths
Minister of Industry, Trade Investment, Chief Niyi Adebayo, has reiterated commitment of the federal government to partner with private and…
9 Fundamental Principles That One Must Follow While Investing
Almost everybody knows that wealth creation is a marathon race, but still many practice sprints. While a marathon focuses on…
Central Bank Of Nigerian Sticks To Unpopular Option On Digital Currency
Exchanges and investors in cryptocurrencies have started reviewing their business strategies as the Central Bank of Nigeria (CBN) sticks to…