Sugar Masterplan Attracted $1 Billion Investments, 15,000 Jobs, Says NSDC Boss
The National Sugar Development Council in Nigeria has announced exciting news about the country's sugar industry.…
Intel, US to finalise $8.5 bln in chips funding by year-end, FT reports
Intel is close to securing $8.5 billion in direct funding from the U.S. government, with finalization expected by…
China launches late stimulus push to meet 2024 growth target
China’s central bank lowered interest rates and injected liquidity into the banking system on Friday as part of a…
NMRC secures $200m funding from U.S for mortgage
The Nigeria Mortgage Refinance Company (NMRC) has received $200 million from a U.S. organization to help more…
NDIC pays 94% insured depositors of Heritage Bank
The Nigeria Deposit Insurance Corporation (NDIC) has paid 94% of the people who had money in the closed Heritage…
Reduce interest rates on industrial loans, MAN urges govt
The Manufacturers Association of Nigeria (MAN) is asking the government and the Central Bank to review how raising…
FG gets $600,000 relief fund from Gates Foundation
The Nigerian government has received $600,000 from the Bill and Melinda Gates Foundation to help people affected…
ExxonMobil Unveils $10bn Deepwater Investment Plan in Nigeria, Shettima Ecstatic
The Nigerian government is working hard to bring more businesses and money into the country. Recently, ExxonMobil,…
Cash transfer: FG releases N24bn to 991,261 households
The Nigerian government has given out N24.78 billion to help 991,261 poor families across the country. This is…
SEC, NGX give Flour Mills approval for minority shareholders buyout
Flour Mills of Nigeria (FMN), a big food company in Nigeria, has received approval from the Securities and…
Petrol landing cost drops to N981/litre
The landing cost of Premium Motor Spirit (PMS), also known as petrol, has dropped to N981 per litre, as of…
Oil companies owe govt over $6bn – NEITI
In Nigeria, oil companies owe a lot of money to the government—about $6.175 billion! This money is for things like…
Nigeria’s exports to six countries hit N8.88tn in Q2 – Report
In the second quarter of 2024, Nigeria sold a lot of goods to six major countries: Spain, the USA, France, India,…
Equity market halts gaining streak with N267bn loss
On Thursday, the Nigerian Exchange faced a setback, losing N267 billion and ending its three-day rally. This drop…
Retirees park N798bn in pension for life
Many people who have retired in Nigeria are saving their money in something called "life annuity."
This means…
Breaking: FG increases NYSC monthly allowance to N77,000 effective July 2024
The Nigerian government has decided to give more money to young people who are part of the National Youth Service…
Nigeria to widen tax net over revenue shortfall
The Nigerian government wants to get more people and businesses to pay taxes. This will help the country get more…
PENGASSAN to Fed Govt: increase stake in Dangote Refinery to 45%
PENGASSAN, a group for oil and gas workers in Nigeria, wants the government to own more of the Dangote Refinery.
…
Fed Govt okays N158b for Lekki Port service lanes
The Nigerian government has approved a big project costing N158 billion.
This project will build new service…
CBN boosts FX market with $20,000 to BDCs
The Central Bank of Nigeria (CBN) has decided to help people and businesses get U.S. dollars more easily.
They…
ExxonMobil mulls $10b investment in Nigeria’s deep-water
Nigeria's economy is getting stronger because two big companies are planning to invest a lot of money in the…
CBN sells dollars to BDCs at N1,590/$
The Central Bank of Nigeria (CBN) has decided to help people and businesses get more foreign money by allowing…
Tinubu vows to restore federal authority amid economic challenges
President Bola Tinubu’s government is working hard to strengthen Nigeria’s economy and improve security.
To…
Oyetola promises zero piracy incidence in Nigerian waterways
The Nigerian government is working hard to make sure its maritime agencies follow global standards, especially…
FG explains minimum wage July 29 backpay
The Federal Government has announced that payments for the new minimum wage will begin on July 29, 2024, following…
CBN, banks sell $9.9bn as naira weakens to N1,670/$
In August 2024, foreign exchange turnover through Nigeria's Autonomous Foreign Exchange Market surged to N15.74…
Domestic air fare rises 25% to N123, 700 in one month
In August 2024, the average fare for air travel in Nigeria surged to N123,700.14, a sharp 25.51% increase from…
PENGASSAN urges FG to increase stake in Dangote refinery to 45%
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government…
Nigeria’s unemployment rate rose to 5.3% in Q1 – Report
Nigeria’s unemployment rate increased slightly to 5.3% in Q1 2024 from 5.0% in Q3 2023, with females facing higher…
Aviation stakeholders back Emirates on dollar airfares
Aviation experts have expressed support for Emirates Airlines’ decision to charge Nigerian passengers in dollars,…