The NDIC will auction the assets of failed banks and reimburse clients.
Following the Central Bank of Nigeria's cancellation of licenses for 179 microfinance institutions and four!-->…
GDP fell to 2.3% in Q1 due to cash shortage, according to the NBS.
Cash shortages created by the Central Bank of Nigeria's naira redesign policy have driven Nigeria's GDP growth!-->…
NIN and debit card integration approved by the FG.
Nigerians can now request that their commercial banks issue them a debit card that also serves as their National!-->…
Nigeria: NNPCL to Boost Oil Reserves As Fresh Drilling Begins in Borno.
The Nigerian National Petroleum Company Ltd has resumed an oil drilling program in Wadi-B in Borno State's Jere!-->…
AXA Mansard Increases GWP by 13% and Adopts IFRS-17.
AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management organization,!-->…
In April, bank credit to the private sector surpassed N44 trillion.
The Central Bank of Nigeria (CBN) has revealed that banking industry lending to the private sector surpassed N44!-->…
Sirika inaugurates a N2 billion enhanced GAT at Lagos International Airport.
Senator Hadi Sirika, Minister of Aviation and Aerospace, launched the first phase of the N2.2 billion General!-->…
CBN’s external reserves have fallen by $1.5 billion in four months.
According to information received from the Central Bank of Nigeria, the country's external reserves declined by!-->…
The CBN cancels the licenses of 179 microfinance banks and others.
The Central Bank of Nigeria has cancelled the licenses of 179 microfinance banks, four primary mortgage banks, and!-->…
Buhari begins oil drilling in the Chad Basin.
The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno!-->…
According to a report, forex turnover has dropped by 47%.
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market!-->…
Aviation stakeholders want the 40% TSA deduction reviewed.
Aviation stakeholders have demanded that the requirement that 40% of aviation agencies' earnings be paid into the!-->…
Report: foreign airlines earned $1.1 billion in Nigeria in 2022.
Despite difficulties with foreign exchange, foreign airlines operating in Nigeria made almost $1.1 billion in!-->…
Senate’s approval of N22.7tn loan may increase bond rates.
Capital market specialists have warned that the securitization of the Senate's N22.7 trillion Ways and Means!-->…
Venture Fund-of-Funds for SA SME Holds First Close, Exceeding Target.
The R1 billion Venture Capital Fund of Funds (VC FoF), a partnership between government and business aimed at!-->…
RMB Ventures purchases a sizeable minority share in a mining services provider.
RMB Ventures announces a strategic equity investment in Mafika Engineering, a major provider of mining services.!-->…
The acquisition of a South African tech company is being driven by Infinite…
A group of private equity investors led by independent private equity fund manager Infinite Partners have agreed!-->…
Breweries and the Tobacco Sector on the Verge of Disaster.
According to Dike Onwuamaeze, businesspeople and economists have expressed concern that the 2023 Fiscal Policy!-->…
“Nigeria: $21 billion in revenue, 100,000 jobs coming from our…
President Buhari opened the refinery at Ibeju-Lekki, Lagos, and Dangote, said its products "will be in the market!-->…
Report: Nestle Borrowings Rise to N155bn.
At the end of the 2022 fiscal year, Nestle Nigeria Plc's total interest-bearing obligations increased by 102.05!-->…
Nigeria receives 30% of all FDI in Africa, according to NITDA.
Nearly 30% of Africa's foreign direct investment, according to Kashifu Inuwa, Director General of the National!-->…
Dangote refinery gasoline launches on the market in July, helping FG save N7…
With the start of operations at the Dangote Refinery and Petrochemicals, the Federal Government might save nearly!-->…
Nigeria has not missed payments on Chinese loans, according to DMO.
Nigeria has not defaulted on repaying its Chinese loans, contrary to what a non-governmental organization,!-->…
NGX Sanctions PZ and 17 Others for Filing Results for 2022 Late.
18 listed firms were penalised N34.72 million by the Nigerian Exchange Limited (NGX) for submitting their!-->…
The CBN prohibits the mint corporation from printing checks.
According to a recent circular, the Central Bank of Nigeria has authorized four indigenous businesses to issue!-->…
The World Bank will increase FG’s access to a $750 million loan.
The Federal Government, on behalf of the 36 state governments and the Federal Capital Territory, is about to!-->…
FG introduces a tribunal for advertising offenses.
The Advertising Offences Tribunal was established by the Federal Government to address violations of the!-->…
Neimeth plans to expand its base.
The two significant capital initiatives Neimeth International Pharmaceuticals Plc has started are intended to!-->…
Assets Surge by 39% for BoI.
The Bank of Industry said its asset base rose from N1.71tn to N2.38tn in 2022 financial year - The Chairman, Board!-->…
Dangote Refinery kicks off, processing crude from three continents.
In order to process crude oil grades from the three continents of Africa, Asia, and America, the 650,000 barrels!-->…