CBN bars banks seeking upgrade from expansion
The Central Bank of Nigeria's new draft rules prohibit banks and other financial organizations applying for…
Tullow to Default on $2.5bn Debt Repayment
The Tullow Group has indicated that it may not be able to fully repay its US$2.5 billion notes outstanding which…
Mail Services Firm Raises Charges 33pc
In response to high operating costs, MPost, a service that converts mobile phones into official postal addresses,…
Equity net profit up 15% to record Sh46 billion.
As the most profitable lender in the area, Equity Group's net profit for the year ended December 2022 increased by…
NIMC Requests a Revision of the Procurement Act.
Hadiza Dagabana, the National Identity Management Commission's director of legal and regulatory affairs, has…
Stock Market Value is Down by N622 billion.
Due to stock declines in several banking and telecom firms, investors lost N622 billion at the conclusion of…
Bank Credit to the Government Reaches N28.43 trillion
In the first two months of 2023, banks' credits to the government increased by N3.77 trillion. According to data…
Nigerians in Diaspora Fear that Hardship may Cause Remittances to Decline.
According to the research, the country received an estimated $21 billion in remittances, making it the largest…
Egg Glut: Poultry Farmers Want Government Assistance
Lagos' poultry farmers have complained about the market's oversupply of eggs and asked the government to take the…
Emefiele Begs NLC to Halt the Protest over the Naira Shortage.
Godwin Emefiele, the governor of the Central Bank of Nigeria, appealed to Chris Ngige, the minister of labor and…
Nigerian Banks will Increase the Individual Cash Withdrawal Cap to N100,000
According to some bank executives, commercial banks are planning to increase their cash withdrawal limits from the…
NNPC Releases 418 million More liters of Gasoline.
Even while the year-to-date daily average maintained at 64.94 million litres over the time period, the data…
Afreximbank, NEXIM, and FG Sign a $350,000 Agreement to Improve Water…
The Federal Ministry of Transportation, the Nigerian Navy, the African Export-Import Bank (Afreximbank), and the…
Nigeria’s Money Supply Reaches N53tn in February 2023.
The amount of money in circulation in Nigeria increased to N53.3 trillion from N52.2 trillion at the start of the…
Mobile Subscriptions Increased to 226 million.
According to the Nigerian Communications Commission's most recent industry figures, mobile subscriptions increased…
Infinity Power Acquires Lekela Power in Africa’s Biggest Renewable Energy…
The acquisition of the whole stake in Africa's wind power platform Lekela Power has been finalized by Infinity…
ALCB Fund Purchases a Portion of the SOLEA Bond Issuance
The ALCB Fund contributed XOF 2 billion (USD 3.3 million) to the XOF 4 billion (USD 6.6 million) bond sale by La…
Maia Capital Pledges R100 million to Increase Financial Inclusion for…
The low-to-middle income people in South Africa will now have better access to financial products, helping to…
IBL Group-Led Partnership To Acquire Majority Interest In Equator Energy
Among its most recent initiatives are the sale of a majority share in Equator Energy Ltd. by Maris Ltd. and…
I&M Receives Sh457 million as Dividend from a Mauritius Subsidiary.
As a result of the unit's increased financial performance over the time, I&M Group received a dividend from…
A Weekly Reduction in Natural Gas Prices is Anticipated.
The price of natural gas was trading up to $2.191 (+1.81%), however prices are falling week over week.The price of…
Savannah has Threatened to Sue in Response to the Planned Nationalization of…
Savannah Energy has said that it will legally contest Chad's intentions to seize its assets. The Republic of…
NGX Plans to Introduce Non-depository Receipts to Expand its Market.
The NDR would open up financial products traded on an offshore market to the investing public and provide…
NPC Requests Nigerian Involvement and Pledges a Reliable Census
Nasir Kwarra, the chairman of the National Population Commission, has urged Nigerians to volunteer to be counted…
FCMB Initiates a N300 billion Capital Raise.
After the first tranche of the multi-tranche program was successfully completed, FCMB Group Plc, the parent…
Zenith Bank CEO is Honored by UNN
Ebenezer Onyeagwu, group managing director and chief executive officer of Zenith Bank Plc, received a doctorate in…
Foreign Reserves Decline by $1.43bn in Ten Weeks.
Experts concurred that the CBN's approach to currency management was the primary cause of Nigeria's precarious…
Review the Cashless Policy, Small Business Owners Urge FG
The Central Bank of Nigeria has been requested to examine its cashless policy by small company owners operating…
Osun Seeks for Potential in AfDB’s $618 million Tech Fund
Ademola Adeleke, the governor of Osun State, stated his administration's willingness to work with the African…
Costs Rise as Foreign Airlines Increase the Currency Rate.
Over $743 million in stranded cash were being used by international airlines coming into Nigeria as of January…