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Nigeria, Germany target over $500mn in energy deals in 2024
Nigeria and Germany plan to surpass last year’s $500 million in energy deals by targeting even larger agreements!-->…
BREAKING: Currency outside bank drops to N3.66 trillion in July, biggest fall in…
In July 2024, the amount of currency outside Nigeria's banking system decreased to N3.66 trillion, marking a 3.32%!-->…
EKEDC disconnects power supply from UNILAG
Eko Electricity Distribution Company (EKEDC) has disconnected the University of Lagos (UNILAG) from the power!-->…
Nigeria, Belgium deepen bilateral ties
The Nigerian Ports Authority (NPA) and the Kingdom of Belgium have agreed to strengthen their bilateral!-->…
Nigeria, Benin Republic open dry port trade office in Kano
Nigeria and Benin Republic have jointly opened the Tsamiya Dry Port Trade Office in Kano State to enhance regional!-->…
Elumelu: Tenure limit for bank CEOs inspired Heirs Holdings formation
Tony Elumelu, Chairman of Heirs Holdings Group, revealed that the Central Bank of Nigeria’s (CBN) 2010 policy!-->…
Govt sets Sept 14 deadline for SIM-NIN linkage
The Nigerian Communications Commission (NCC) has announced a new deadline for all mobile subscribers to link their!-->…
Gas suppliers seek end to multiple taxation
The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has called on the Federal Government to tackle!-->…
NEPC reports $2.7bn in non-oil exports half year 2024
Nigeria's non-oil exports generated $2.7 billion in the first half of 2024, reflecting a 6.26% increase from the!-->…
TGI Foods SPV launches N25bn commercial papers
TGI SPV Plc, a special purpose vehicle created by Tropical General Investments Group, has launched N25 billion in!-->…
Without structural gaps, Nigeria’s GDP will grow by 5% – IMF
*The International Monetary Fund (IMF) stated that Nigeria's economy, currently growing at 3.19%, could reach a 5%!-->…
External auditors to examine NNPC N2.6tn subsidy claim
The Federal Government of Nigeria is set to hire an external auditor to verify the N2.7 trillion fuel subsidy!-->…
Reps promises to pass bill on electricity theft
The Chairman of the House of Representatives Committee on Privatisation and Commercialisation, Hamisu Ibrahim,!-->…
AMCON set to sell Ibadan Disco
The Assets Management Corporation of Nigeria (AMCON) plans to sell the Ibadan Electricity Distribution Company!-->…
Recapitalisation: ASHON accuses banks of sidelining stockbrokers
The Association of Securities Dealing Houses of Nigeria (ASHON) has accused banks of bypassing licensed!-->…
Sony to raise PlayStation 5 price by 20% in Japan
Sony announced a 20% price increase for its PlayStation 5 (PS5) console in Japan, citing global economic!-->…
Stock deals jump 44% on banks’ recapitalisation
In the first seven months of 2024, Nigerian equities market transactions increased by 44% compared to the same!-->…
Naira closes at 1,596.60/$ as dollar liquidity declines
The naira closed at N1,596.60 per dollar on Monday, marking a 1.66% depreciation from Friday’s rate of N1,570.14!-->…
Divestment of NAOC to Oando in line with PIA, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the recent approvals for Nigerian!-->…
Africa Prudential grows profit by 87% to N1.1b in first half
Africa Prudential Plc has reported an impressive 87% increase in profit for the first half of 2024, reaching N1.13!-->…
Richway Microfinance Bank Receives DBN’s Award for Highest Impact on…
Richway Microfinance Bank has been honored with the 2023 Award for Microfinance Bank with the Highest Impact on!-->…
CBN lifts suspension on Standing Lending facility
The Central Bank of Nigeria (CBN) has lifted the suspension on the Standing Lending Facility (SLF), allowing banks!-->…
FG spending exceeds revenue by 225% — BudgIT
A report by BudgIT has revealed that the Nigerian government spent N19.50 trillion in 2023, three times its!-->…
198 Extractive Companies and Agencies Submit Data for NEITI’s 2022/2023…
The Nigerian Extractive Industries Transparency Initiative (NEITI) has received data submissions from 198!-->…
Oando acquisition of Agip followed due process – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Oando Plc's acquisition of!-->…
FG may convert Arik, Aero Contractors to national carriers
The Asset Management Corporation of Nigeria (AMCON) is considering merging Arik Air and Aero Contractors into a!-->…
Customs ushers in new leadership with latest appointments
As the Nigeria Customs Service (NCS) bids farewell to several key management members due to statutory retirement,!-->…
Tinubu to inaugurate N178bn Onne terminal next week
President Bola Tinubu will officially open the newly upgraded West Africa Container Terminal (WACT) in Onne,!-->…
FX turnover hit $7.4bn in July – Report
In July, Nigeria's foreign exchange turnover reached N11.48 trillion ($7.39 billion) at the official trading!-->…
CBN, SEC okay Ecobank custody business
Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission (SEC) and the Central!-->…