Railroad Employees are Enthusiastic about a 95% Pay Raise.
Com Segun Esan, the Secretary-General of the Nigerian Union of Railway Workers, highlighted the optimism of…
IMF Advises CBN to Maintain a Strict Monetary Policy to Control Inflation.
The Central Bank of Nigeria (CBN) was given a recommendation by the International Monetary Fund (IMF) to continue…
Lawmakers Call Finance Minister, AGF, Others Over Whistleblower Policy, $2.4…
The Attorney General of the Federation, Abubakar Malami, the Secretary to the Government of the Federation, Boss…
NAICOM Sets a Deadline for Insurers to Switch to IFRS 17 as a Finance Reporting…
The Financial Reporting Standard (IFRS)17 will be used by Insurance Managers starting in June of this year,…
Public Debt Stock Increased 4.96% to N46.25 trillion in Q4.
In the fourth quarter of last year (Q4 2022), the overall public debt stock of the nation climbed by 4.96 percent…
A loss at Airtel Africa Sent the Stock Market Down N569 billion.
Profit-taking by investors in Airtel Africa Plc continued to rule the Nigerian stock market at the start of the…
22 Nigerian Universities Receive a N5 billion Grant from AbdulSamad Rabiu.
The Abdul Samad Rabiu Africa initiative has disbursed a grant of N5.5 billion to 22 academic institutions in…
President Buhari Grants Ekiti Free Trade Zone Designation.
The Ekiti Knowledge Zone project of the Ekiti State Government has received approval from the President, Major…
NPC will Spend Roughly N3 billion on Transmitting Census Data.
The NPC said in January that 786,741 functionaries would be educated for the census of 2023. However, the NPC…
Bitcoin Surpasses $30,000 as Speculators Anticipate an End to Rate Increases.
As investors increased their bets that the U.S. Federal Reserve will soon halt its aggressive monetary tightening…
NCAA Increases Airlines Penalty to N10 Million.
The maximum penalty for airlines is N10 million, while the minimum is N1 million, according to the Nigerian Civil…
SEC Moves to Prioritize the Updated Capital Market Master Plan.
The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master…
Experts Stomp as 40 Presidential Panels Gulp N20bn
Between 2015 and April 2023, research revealed that over N20 billion was set aside for presidential committees…
According to NPA, Port Renovation will Cost $800 million.
Mohammed Bello-Koko, the managing director of the Nigerian Ports Authority, has provided an explanation for why…
PFAs Lower Pension Funds’ Bank Investments to N1.6 trillion.
The Contributory Pension Scheme's funds invested in fixed deposits and bank acceptance were lowered by the Pension…
NBS: 5G Increased Foreign Investment in Telecoms by 325%.
Foreign investments in the telecom sector increased by 325.12% in 2022 as a result of increased 4G and 5G rollout.…
Nigerian Unemployment to Reach 41% in 2023, According to KPMG.
According to KPMG, the continued influx of job seekers into the labor market will cause Nigeria's unemployment…
Notwithstanding its 2060 Carbon Emission Pledge, Nigeria Resumes Coal Exploration.
The federal government has indicated that coal mining would resume in the nation despite its goal to achieve…
The Petroleum Ministry Seeks Closer Cooperation with NIPSS for Knowledge Sharing.
The National Institute of Policy and Strategic Studies (NIPSS) and the Ministry of Petroleum Resources have…
Russia Declares a 700,000 Bpd Reduction in Oil Production in March.
According to Bloomberg, Russia claims to have reduced oil production by 700,000 barrels per day in March,…
NCAN: Cashew Production in Nigeria can Generate Over $2.7 billion Annually.
According to Mr. Joseph Ajanaku, President of the National Cashew Association of Nigeria (NCAN), Nigeria could…
Nigerians are to Grow Interest in Digital Payment Methods.
The implementation of the cashless policy may have had its problems, but the rising use of digital and electronic…
PenCom Disowns ASSOPEP, Warns that the Group is not Authorized to Process or Pay…
The Association of Pension Desk Practitioners of Nigeria (ASSOPEP) is not associated with the pension business and…
UBA, Zenith Bank, and Four Other Institutions Announce N389.8 Billion Dividend in…
Six out of the 13 listed banks on the Nigerian Exchange Limited (NGX) declared a combined N389.8 billion in…
FG Prohibits Internet Banks From Accessing the Contacts and Images of their…
On May 31, 2023, loan apps on the Play Store won't be able to access the contacts or photographs of its users. The…
Four Days of Bearish Trading Result in Investor Losses of N674bn.
After four days of trading last week, investors on the Nigerian Exchange Limited lost N674 billion.Due to the…
Senate: Budget Office Paid Four MDAs N19 billion Without Authorization.
The Minister of Finance, Budget, and National Planning's consent was not obtained before the Budget Office of the…
Operator: CBN’s Strict Monetary Policy is Limiting Bank Profitability.
According to Johnson Chukwu, CEO of Cowry Asset Management, more local lenders would pursue cross-border expansion…
Worldwide Food Costs Decreased by 2.1% in March.
The UN Food and Agricultural Organization stated that in March, global food prices fell for the 12th month in a…
In 2022, Debt Servicing Increased by 14.68%-DMO
According to DMO, N2.93 trillion was spent in 2021 on payments for servicing both domestic and foreign debt.…