Cheque Transactions Down to N482.5bn in Two Months Low Naira Supply
The total value of cheque transactions fell to N482.5 billion in the first two months of 2023, a decrease of 2.9%…
Osinbajo Unveils $600 Million in Financing for the ICT and Creative Industries
A $600 million program for young Nigerians in the technology and creative industries was introduced by Vice…
Forex Crisis: Banks Reduce PTA/BTA to $2000, Review Processing Time to 120 Days
Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) dollar amounts have been reduced by 50% at…
Meta To Cut 10,000 Jobs In A Second Wave Of Layoffs
The parent company of Facebook, Meta Platforms Inc has slashed 10,000 additional workers, becoming the first major…
Virgin Atlantic joins Sky Team Alliance.
Virgin Atlantic has joined SkyTeam Alliance, becoming the group's first and only airline from the United Kingdom.
…
Nestle SA Invests N90bn in its Nigerian Arm.
Nestle South Africa, a food and beverage corporation, has purchased N90.29 billion worth of Nestlé Nigeria Plc…
Dollar shortage: Banks Decrease Travel Allowance, International School Costs
In response to a deepening foreign exchange crisis, Deposit Money Banks have reduced the amount of Personal Travel…
Guinea Insurance Gets Fresh N900m Capital
According to Guinea Insurance Plc, it invested around N900 million in its operations during the 2022 fiscal year.…
NPA lauds union over workers’ pay rise
The Maritime Workers' Union of Nigeria received praise from the management of the Nigerian Ports Authority for its…
Economic Hardship and Population Growth are Increasing The Unemployment Situation.
The head of the CPPE emphasized the necessity of fostering an atmosphere that would allow micro, small, and…
FG Investigates a $1.1bn Oil Well Robbery
Oil Mining Licence 17 has been linked to an illegal oil bunkering operation, and individuals responsible for the…
Polaris Encourages Women’s Empowerment In The Workplace.
The country's institutions have been urged by Polaris Bank Limited and other financial sector players to offer…
NSIA Introduces a Technology Competition Portal.
A site for applications has been made available by the Nigeria Sovereign Investment Authority for the first award…
Pfizer To Pay $43 billion to Buy Seagen
The multinational biotechnology business Seagan Inc. and the pharmaceutical behemoth Pfizer have agreed to combine…
Court Sentences Yobe State Auditor-General to Five Years in Prison for N19 million…
Alhaji Idris Yahaya, the Yobe State Auditor General for local government, was given a five-year jail term for…
E-payment Declines to N37tn as Unsuccessful Transactions Increase
Cashless gateways were utilized 901.46 million times in February compared to 638 million times in January.
…
FG Closes Lagos Airport’s Runway and Redirects all Foreign Flights
The Murtala Muhammed International Airport in Lagos will be closed for eight weeks for repair, according to a…
Nigerians to Pay N1,000 NIN Fee For Passports
Nigeria will charge N1000 to verify a Nigerian's National Identity Number when they apply for a passport.The…
Emefiele Eventually Gives in to Pressure and Declares Old Naira Notes to be Legal…
Godwin Emefiele, the governor of the Central Bank of Nigeria, succumbed to pressure on Monday and formally ordered…
The Chairman Of Vitafoam Board Retires.
The Chairman of Vitafoam Nigeria Plc, Bamidele Makanjuola, has retired after 10 years of service, in line with the…
Indian Prateek Gupta Steals $600m From Trafigura In Nickel Shipment Fraud
According to court records from London, the global commodities trader Trafigura has accused Indian businessman…
PAPSS will Promote Capital Market Diversity – SEC
The execution of the Securities and Exchange Commission's agreement with the Pan-African Payment Settlement System…
US Bank Failure Might Have an Impact on Nigerian Businesses – Operators
Iyinoluwa Aboyeji, the founder and CEO of Future Africa, claims that the failure of SVB may have an effect on a…
Residents of Abuja are Cautioned by FCTA to avoid Unlawful Estates.
Residents in the nation's capital have been made aware of the spread of unlawful housing estates and other…
Edo Refinery Receives a Fresh Order for 150,000 Barrels of Oil
A few weeks after commencing production, the Edo Modular refinery, which is supported by the Edo State government,…
Imports of Raw Materials Jump to N2.4tn in Nigeria – NBS
The report also revealed that Nigeria exported raw commodities worth N1 trillion, resulting in a N1.4 trillion…
New Substations and Transformers Push Power Above 4,000MW
With the installation of transformers, substations, and other accessories to increase supply, power generation on…
N20tn Economy Loses Due to CBN’s 70% Cash Mop-up
According to a recent analysis by the economic think tank Centre for the Promotion of Private Business, the…
Commuters Face Hard Times as Old Notes Rejection Continues
During the weekend, a number of bank clients, employees, and commuters were left stranded in different regions of…
The Electoral Commission of Nigeria Postpones the Gubernatorial Elections.
In order to give itself more time to recalibrate the electronic voting equipment at the center of last month's…