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U.S. judge orders Chicago State Uni to release all documents on Tinubu
Judge Jeffrey Gilbert of the Northern District of Illinois Court in the United States has ordered the management…
New Central Bank Governor Faces Economic Challenges in Nigeria
The incoming governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will take office amidst significant…
FAAC Investigates NNPC’s Handling of NLNG Profits
The Federation Account Allocation Committee (FAAC) has launched an investigation into the actions of the Nigerian…
Nigeria’s 5G Subscriptions Reach 500,000, Broadband Coverage Target Set at…
The Nigerian Communications Commission (NCC) announced that subscriptions to 5G services in Nigeria have reached…
President Bola Ahmed Tinubu to Ring NASDAQ Closing Bell in New York
President Bola Ahmed Tinubu of Nigeria is set to ring the Closing Bell of NASDAQ in New York, United States, as…
U.S. Treasury Deputy Secretary Outlines Four Economic Reform Priorities for…
The U.S. Deputy Secretary of the Treasury, Mr. Wally Adeyemo, has highlighted four economic reform priorities for…
SEC Projects Non-Interest Market Value to Reach N5 Trillion Within Two Years
The Securities and Exchange Commission (SEC) has stated that the market value of non-interest products in Nigeria…
CBN Warns International Money Transfer Operators Against Sharp Practices
The Central Bank of Nigeria (CBN) has issued a warning to International Money Transfer Operators (IMTOs) regarding…
Federal Government Reopens D Wing of Old International Terminal at Lagos Airport
The Federal Government has officially reopened the D Wing of the old international terminal at the Murtala…
Suspended Central Bank Governor Godwin Emefiele Resigns, Clearing the Way for New…
Godwin Emefiele, the suspended governor of the Central Bank of Nigeria, reportedly resigned from his post last…
Nigerian National Petroleum Company Limited Reports N18.4 Billion Profit in Q1…
The Nigerian National Petroleum Company Limited (NNPCL) announced a profit of N18.4 billion in the first quarter…
Nigeria’s Inflation Rises to 25.80% in August, Food Prices Surge
In August 2023, Nigeria's inflation rate surged to 25.80% from 24.08% in July, according to the National Bureau of…
Nigeria’s Currency in Circulation Reaches Highest Level in 2023 Amid Rising…
The Central Bank of Nigeria (CBN) reported that currency in circulation in Nigeria increased to N2.66 trillion in…
NNPC and Indorama Sign MOU for $18 Billion Hydrocarbon Exploration Deal
The Nigerian National Petroleum Company Limited (NNPCL) and Indorama Eleme Petrochemicals Limited have entered…
Nigeria’s Telecom Sector Relies Heavily on Imports, New Report Reveals
A recent report from the Nigerian Communications Commission (NCC) highlights that a significant 84% of equipment…
Private Employers Caution Against Impending Nigerian Labour Congress Strike
Private employers of labour in Nigeria have cautioned against the proposed strike by the Nigerian Labour Congress…
42 Companies Awarded Flare Sites in Nigerian Gas Flare Commercialisation Programme
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded flare sites to 42 companies operating in…
Naira Dips Further, Closes at 950/$ at Parallel Market
The naira's value against the dollar took another hit as it closed at 950/$ in the parallel market, further…
Fidelity Bank Seals 100% Acquisition of Union Bank UK in Global Expansion Move
Fidelity Bank Plc has successfully acquired a full stake in Union Bank UK Plc (UBUK), marking a significant step…
Nigeria’s Oil Production Falls Short of OPEC Quota Despite Rising Prices
Despite a surge in oil prices, Nigeria's production remains below its OPEC quota. Brent Crude reached $92.28 per…
Nigerian Stock Market Records N757 Billion Loss Due to FTSE Downgrade
Investors in the Nigerian Exchange Limited (NGX) have faced losses of N757 billion over two days following the…
Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian…
Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks…
Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian…
Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks…
Nigeria Has Over 60 Different Taxes, Many Burden the Poor – Expert
According to Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms,…
Nigeria’s Pension Assets Surge to N17.01 Trillion, 10.03 Million Subscribers…
As of July 2023, Nigeria's pension assets have risen to N17.01 trillion, showcasing a significant increase from…
Nigerian Stock Market Loses N757 Billion in Two Days Following FTSE Russell…
Investors on the Nigerian Exchange Limited (NGX) have suffered a loss of N757 billion within two days after the…
Nigeria’s Equities Market Sees Continued Sell-Offs, Investors Book N293…
Nigeria's equities market continues to experience a negative trend, with more investors opting to sell their…
Nigeria Faces Threat to 2023 Budget as Crude Oil Output Falls by 470,000 Barrels…
The implementation of Nigeria's 2023 budget, set at N21.8 trillion, is at risk due to a shortfall in crude oil…
United Bank for Africa (UBA) Records Exceptional Half-Year Performance, Profits…
United Bank for Africa (UBA) Plc, often referred to as Africa’s Global Bank, has reported remarkable financial…
Federal Government Launches Inaugural Cargo Movement on Lagos-Ibadan Rail Corridor
After initial concerns regarding the under-utilization of the standard gauge rail line two years…