Due to the liquidity shortage, the insurance business has shrunk by 7%, according…
The National Bureau of Statistics' most recent data show that the insurance sector's growth decreased by 7.25…
NCAA Stakeholders Call for a 50% Energy Transformation.
Aviation stakeholders have urged the Nigerian Civil Aviation Authority to start working with other industry…
Exchange Rates Used by CBN may Increase Debt Loads, According to W’Bank.
David Malpass, the president of the World Bank Group, has issued a warning that Nigeria's parallel exchange rate…
Naira Increases on the Black Market and Reaches 750/Dollar.
The naira's value versus the dollar increased at the parallel market, where it closed on Wednesday at N750 as…
Amethis completes a second transaction for the Africa Europe Expansion Fund.
The first Amethis Europe Expansion close has been announced by Amethis and Edmond de Rothschild Private Equity.…
Nestlé Announces a New Board Chairman.
Mr. Gbenga Oyebode has been chosen by Nestlé Nigeria Plc to serve as the new chairman of its board of directors.…
Telcos are retiring obsolete USSD codes.
As instructed by the Nigerian Communications Commission, telecommunications companies have begun to phase out…
States are severely lacking in debt management and financial transparency –…
The Central Bank of Nigeria (CBN), said strategic efforts must be made to fortify States’ capacity in the…
LCCI Tells Tinubu to Address Budgetary Shortfalls and Ineffective Monetary Policy.
The Lagos Chamber of Commerce and Industry (LCCI) has directed the administration of President Bola Tinubu to…
Report: Release $802m to the Aviation Sector.
Dr. Seinde Fadeni, Chairman of the Board of Nigerian Aviation Handling Company Plc (NAHCO), has urged the Federal…
Removal of subsidies: Petrol shortage intensifies; black market prices N800/litre
Oil marketers closed their doors to vehicles after President Bola Ahmed Tinubu's inaugural address on Monday, in…
Domestic NGX trades decline by 45%, according to report.
Domestic trading volume on the Nigerian Exchange Limited has decreased from N3.556 trillion in 2007 to N1.945 …
NIMET Alerts the Public to a Fake Recruitment Website.
The Nigerian Meteorological Agency has released a disclaimer informing the public that no recruitment efforts have…
Tinubu takes over N16tn of the unfinished projects.
According to research by The PUNCH, Bola Tinubu, the newly elected president of Nigeria, has formally taken over …
Nigeria Eurobonds and Stocks Rally on Tinubu Promise to End Fuel Subsidy.
Nigeria's sovereign dollar-denominated bonds rose on Tuesday after new President Bola Tinubu declared during his…
NAMB Initiates Recapitalisation Review of MFBs after Revocation.
The National Association of Microfinance Banks (NAMB) has directed all licensed MFBs nationwide to update it on…
Kenya Reignites African Nations’ Push to Abandon the Dollar.
President William Ruto has challenged African leaders to take the first steps toward abandoning the…
CBN and NCC Commit to Expand Financial Inclusion at RegTech Summit.
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have pledged to work together…
FG borrowed N6 trillion from CBN in 2022 – Report.
According to latest data from the Central Bank of Nigeria, the Federal Government borrowed N6.07 trillion from the…
The CBN Disburses N173 billion Under the 100-for-100 Program.
Since the start of the intervention, the Central Bank of Nigeria has distributed N173.31 billion to recipients…
Tinubu States that the Subsidy is no Longer in Effect.
President Bola Tinubu stated on Monday in Abuja that his administration will end the subsidy on petroleum…
Al Ahly Capital is Leading the Expansion of an Egyptian Outpatient Clinic Network.
Dawi Clinics, Egypt's largest outpatient clinic network, has signed a funding agreement worth EGP 250 million with…
E3 Capital and Lion’s Head Climate Fund Raises $48 million in its First…
The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund launched by early-stage venture capital firm E3 Capital…
Arla Foods Opens a New Facility to Increase Milk Output.
Arla Foods, the creator of Dano Milk, has announced the opening of a cutting-edge dairy farm in Kaduna State as…
Dangote Cement Ibese commissions trucks for biomass waste management, resulting in…
Dangote Cement Ibese Plant is acquiring 100 trucks customized for easy transportation of biomass waste from all…
Finance and insurance sectors grow by 26% year on year to boost GDP in Q1 2023.
Despite Nigeria's challenging business environment, the banking and insurance industries increased real GDP by 26%…
FGN Savings Bond Reaches N5 billion in Five Months – NGX.
According to Nigerian Exchange Limited, overall allotments for FGN Savings Bonds have increased to N5.06 billion…
CBN: From January to April 2023, the FG spent $894 million to service foreign…
According to data supplied by the Central Bank of Nigeria (CBN), the federal government spent $894 million…
Nigeria: President Tinubu, Pledges an Economic Revival.
At his inauguration on Monday, Nigeria's new President Bola Tinubu pledged to develop the economy by at least 6%…
The FG Hopes to Earn N7.01 billion from Train Passengers by 2025.
The Federal Government expects train passengers to generate N7.01 billion in revenue by 2025. This was stated in…