Obasanjo: The Next Administration must Work to End Ethnic Division in Nigeria
Olusegun Obasanjo, a former president, believed that the future administration would have its work cut out for it…
Rewane: Two US Banks’ Collapse Will Squeeze Funding for Nigerian Fintechs,…
According to Mr. Bismarck Rewane, the Managing Director/Chief Executive Officer of the Financial Derivatives…
Sterling Bank Relists on the NGX as HoldingCo.
The continuing conversion of Sterling Bank Plc into a financial holdings business has reached a critical…
UBA Plans to Sell Abuja Disco to Repay a $122 million Debt.
In order to recoup a $122 million debt that the Disco owes it, the United Bank for Africa has made arrangements to…
World Diesel Prices are Declining as the Economic Recession gets Worse.
As the economy sputters, additional refineries start operating, and exports from Russia are rerouted and replaced…
The East Coast Refineries Get Rare Cargoes of Forties Crude.
The latest indication that Russia's invasion of Ukraine is altering global oil supplies is that U.S. and Canadian…
$800m W’Bank Support: NECA Requests that Repairing Refineries Be Given…
The Nigeria Employers' Consultative Association (NECA) has urged the federal government to fix the nation's…
BUA Foods’ Sales Rises to N418 billion
The consumer goods company BUA Foods reported that its full-year revenue for 2022 increased by 26% to N418.3…
MTN Shareholders can Purchase Dividend-paying Shares at N232.68.
For interested shareholders, MTN Nigeria has disclosed the price per unit for its shares under the scrip dividend…
Report: Less than 7% of African Businesses are Adopting Technology.
According to the paper that was published, economists from the World Bank and IFC examined data from a survey of…
Reps are Looking into Claims that NNPCL Officials Diverted N20 billion.
The Nigerian National Petroleum Corporation Limited is the subject of an investigation by an ad hoc committee…
World Bank: The Value of the Naira Decreased by 10% in 2022.
The World Bank estimates that in 2022, the value of the naira fell by 10.2%. This occurred at a time when the…
According to analysts, U.S Banks are Offering Incentives to Lock in Consumer…
As the Federal Reserve increased interest rates, customers cried out for banks to pay more for deposits. Analysts…
LCCI: The Increase of Nigeria’s Public Debt Deeply Concerns Us.
The Lagos Chamber of Commerce and Industry (LCCI) is concerned about Nigeria's national debt, which will expand…
Nigerias’ Financial Crisis Lowers Productivity in the Private Sector.
In March 2023, the private sector of the Nigerian economy saw productivity steadily decline as a result of the…
Senate Debates Buhari’s Request for a N9.6 billion Refund to Plateau and…
Ahmad Lawan, the President of the Senate, requested that the Senate Committee on Foreign and Local Loans take into…
Senate Indicts NNPCL for Withholding Information on N102 billion.
The Nigerian National Petroleum Corporation Limited (NNPCL) was indicted by the Senate for failing to submit…
NCDMB Opens a N7 billion Pipe Manufacturing Facility.
The groundbreaking ceremony for a N7 billion pipe manufacturing facility at Polaku, Bayelsa State, was conducted…
Nigeria’s Poor Oil Output will Impact OPEC+ Supplies.
According to a Reuter article, Nigeria and Angola are to blame for the OPEC oil output being one million less than…
A Bitcoin Site with over a million Nigerian Members is Shut Down.
Paxful, a peer-to-peer Bitcoin exchange with 1.5 million customers in Nigeria, has announced that it is ceasing…
Broadband Subscribers Increase Consistently, Reaching 92.6 Million in February…
According to data given by the Nigerian Communications Commission (NCC), Nigeria's broadband subscribers increased…
World Bank: Incoming Govt Faces Weak Growth, Multiple Policy Issues
According to the World Bank, this year will bring policy issues and lackluster economic development for Nigeria's…
UBA Increases Loan Portfolio by N605 billion.
The United Bank for Africa (UBA) that its loan portfolio increased by N605 billion during the 2022 fiscal year.
…
Subsidy Removal: FG to Disburse $800 million to 50 million Nigerians.
According to Finance Minister Zainab Ahmed, Nigeria has received $800 million from the World Bank to expand its…
FEC Approves N392.786bn Contracts for Works Ministry, Customs, and Other.
The Federal Executive Council (FEC) adjourned meeting in Abuja after approving a number of contracts worth a…
Fashola: Second Niger Bridge to be Opened May 15.
According to the Federal Government, the second Niger bridge would be completely accessible to traffic on May 15.…
Nigeria FG Implements 180 Business-friendly Reforms.
More than 180 reforms have been implemented by the Presidential Enabling Business Environment Council with the…
African Development Bank Approves $525,000 Grant for Fintech Companies.
A grant of $525,000 has been authorized by the African Development Bank for an online digital hub that will act as…
International Breweries Increases Revenue by 20% to N218 Billion in 2022.
For the fiscal year that ended on December 31, 2022, International Breweries Plc saw a double-digit increase in…
Nigerian Stock Market Draws $19.2 Billion in Investment Over Five Years.
According to a National Bureau of Statistics research, the Nigerian stock market drew a total of $19.2 billion…