The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted production...
Electronic payment (e-Payment) transactions in Nigeria witnessed a remarkable surge in the first quarter (Q1) of 2024, hitting a total of N234 trillion, which was an...
The naira, at both the official and parallel markets, continued to slide on Tuesday,, despite the sale of the greenback to BDC operators. At the Nigerian...
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said that the anti-graft agency recovered over N120 billion since his assumed office...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture (JV) partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, announced on...
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs). Head of Customer Experience at Access...
The naira has continued its depreciation against the US dollar for the fifth time despite the Central Bank of Nigeria’s sale of foreign currencies to legitimate...
Governor Sheriff Oborevwori of Delta State has said that fixing the refineries in Nigeria will save the country from spending foreign exchange on fuel importation. Governor...
The National Bureau of Statistics (NBS) has reported a significant rise in the cost of air travel within Nigeria, with average airfare increasing by 18.96% over...
The Nigerian Electricity Regulatory Commission, NERC, has transferred regulatory oversight of the electricity market in Ekiti State to the Ekiti State Electricity Regulatory Bureau, EERB, amid...
The National Agency for Food and Drug Administration and Control (NAFDAC) has sealed 50 retail outlets in Kaduna for purportedly selling edible oil in unhygienic conditions, risking...
Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940 and N980 per litre, respectively. This...
The Central Bank of Nigeria (CBN) has initiated the sale of $10,000 to Bureau De Change (BDC) operators, offering them direct access to US dollars at...
Chairman, Senate Ad-hoc Committee on Turnaround Maintenance of Nigerian Refineries, Senator Ifeanyi Ubah has assured that the nation’s refineries would come on stream before the end...
The Central Bank of Nigeria (CBN) has released another circular to Bureau De Change (BDC) operators, notifying them of direct sales of US dollars at a...
The Central Bank of Nigeria (CBN) has notified Bureau De Change (BDC) operators of the sale of $10,000 at the rate of ₦1,021/$1. The notification of...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd, have restarted production...
A Congolese copper and cobalt operation, primarily owned by China’s Zijin Mining Group Co. Ltd, faced rejection of its mineral shipments due to excessively high radiation...
The Milan Industries Ltd, owners of Intercontinental Hotels, Lagos has filed a N850 billion suit against the Assets Management Corporation of Nigeria (AMCON) over alleged wrongful...
The Board of the World Bank would meet in June to consider the final approval of Nigeria’s request for a $2.25 billion single-digit interest financing package,...
The federal government has announced the launch of the N200bn Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises and manufacturers in Nigeria.The minister of...
Lasaco Assurance Plc has donated health recovery items to support the Health Initiative Programme of the National Youth Service Corps (NYSC) members serving in Ifako Ijaiye...
The World Bank is yet to consider the approval of the federal government’s $2.25 billion loan application, which the government said would provide crucial support to...
Alert Microfinance Bank (MFB) Group is planning to support over 100,000 Micro Small and Medium Enterprises (MSMEs) in 2024 with affordable business loans. The move, according...
Many petroleum products marketers are currently facing difficulty in getting loans needed to finance the lifting of diesel and aviation fuel in larger volumes from the...
Nigeria is working on the details of the proposed dollar-denominated domestic bonds, which is part of overall measures by the federal government to address the foreign...
The value of the naira dipped on Monday at both the official and parallel markets after it had been on a gaining streak for six weeks....
The rising price of malaria, antibiotics, anti-diabetes, hypertension drugs and other pharmaceutical products have heightened the fears of increased mortality and reduced life expectancy among Nigerians....
An Abuja based businessman, Gabriel Chukwunwendu has stated that negative news of cultism, kidnapping and killings being churned out of Anambra state is scaring investors away. ...
The Nigerian government has commenced arrangement to reward Micro, Small and Medium Enterprises (MSMEs) in the country With houses, Cars and cash prices as part of...
The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. This revocation...
Opening the week, the local equities market yesterday gained N71 billion, recovering some of the prior week losses. The All Share Index (ASI) rose by 125.30...
The Secretary General of the World Meteorological Organisation (WMO), Celeste Saulo, has said the world economy has so far lost about $8 billion due to climate...
The managing director, Transmission Company of Nigeria (TCN) Abdulaziz Sule has urged the Senate Committee on Power to assist in raising funds for the completion of...
Mr Aigboje Aig-Imokhuede, Chairman of Access Holdings Plc, says he’s confident that the bank would raise 300 million dollars in capital for Access Bank, considering the...
Despite significant drop in foreign exchange at the official, parallel markets as well as exchange rate for calculating import duties by the Nigeria Customs Service (NCS),...
The Securities and Exchange Commission (SEC) unit of the Association of Senior Civil Servants of Nigeria has called on the federal government to exempt the commission...
The federal government has ordered the resale of electricity Distribution Companies (DisCos) now under the management of banks and the Asset Management Company (AMCON) within three...
The Nigerian Naira experienced a significant depreciation in value against the US Dollar this Monday, as rates hit ₦1,260 per dollar in the parallel foreign exchange...
Again, the Naira lost N64.5 against the US dollar in the foreign exchange market. FMDQ data indicated that the Naira depreciated to N1,234.49 per US dollar...
West Power & Gas Limited, WPG, the majority shareholder of Eko Electricity Distribution Company, EKEDC, has terminated the appointment of the former managing director of the...
The Kogi Governorship Election Petition Tribunal sitting in Abuja, on Monday, ordered the Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, to unfailingly appear...
The federal government announced the launch of a N200 billion Presidential Intervention Funds (PIF) for Micro, Small and Medium Enterprises (MSMEs) and manufacturers in the country....
Cement prices across Nigeria have decreased dramatically, from a high of N10,000-N15,000 per 50kg bag to a more affordable range of N7,000-N8,000. This change comes after...
The price of Household Kerosene (HHK) in Nigeria increased to ₦1,354.40 in March 2024. The National Bureau of Statistics (NBS) revealed this information in its March...
The Federal Government has announced the launch of N200 billion Presidential Intervention Fund for Micro, Small and Medium Scale Enterprises (MSMEs) and manufacturers in Nigeria. Minister...
The price of Household Kerosene (HHK) paid by consumers in Nigeria rose to N1,354.40 in March 2024. The National Bureau of Statistics, NBS, disclosed this in...
Nigeria targets up to $30 billion from its inaugural foreign currency-denominated bond issuance planned for June, 2024. Patience Oniha, Director-General of the Debt Management Office, disclosed...
Dangote refinery will start supplying petrol in the fourth quarter of 2024, according to Standard and Poor’s’ Global Commodities, S & P. Kelly Norways, an African...
SeamlessHR has reiterated its committment to empowering Nigerian financial institutions to optimise their workforce productivity and performance in challenging economic times through cutting-edge technology solutions. The...
The Board of FBN Holdings Plc, on Sunday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank of Nigeria Limited (FirstBank), its...
The Chairman of Dangote Group, Aliko Dangote, has said patriotism was the driving force behind Dangote Petrochemical Refinery’s recent decision to crash the price of diesel....
Despite lull in the bond market, the Pension Fund Administrators (PFAs) have invested N12.14 trillion from the pension fund assets into Federal Government of Nigeria(FGN) securities...
Global Financial Leader INFINOX marked its Nigerian expansion with a prestigious partner dinner gala held in Lagos and Abuja in March. This momentous occasion signifies a...
The Federal Institute of Industrial Research, Oshodi (FIIRO) has been charged to uphold its constitutional responsibility to register Nigeria among industrialised nations. This is even as...
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation schemes by way of rights issue would settle N153 billion outstanding foreign exchange (FX)...
S&P Global Commodity Insights has projected that when the 650,000 Dangote refinery finally ramps up refining activities, it could massively reduce West Africa’s reliance on import...
The Nigerian National Petroleum Company Limited (NNPC) at the weekend reiterated its commitment to transforming Nigeria into a gas-powered nation, in line with the country’s enormous...
Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, said the federal government had secured a $2.25 billion single-interest loan from the World...
Nigeria’s leading commercial bank, First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. First Bank’s acting...
The National Vice President of IPMAN, Hammed Fashola, stated this on Wednesday while appreciating the Dangote refinery for reducing the diesel price from over N1,200 to...
The federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank...
First Bank of Nigeria Limited has taken a significant step in its leadership structure by appointing Mr. Olusegun Alebiosu as the Acting Chief Executive Officer, effective...
The Central Bank Governor, Yemi Cardoso, proudly announced that the Naira has achieved the prestigious status of being the best performing currency worldwide as of April...
The Board of Directors of First Bank has announced Segun Alebiosu, Executive Director and Chief Risk Officer of First Bank, as the acting Managing Director and...
Transcorp Power Plc (Transcorp Power) has announced a 775 per cent Profit Before Tax (PBT) in the first quarter of 2024 with profit rising from N3.29...
First Bank of Nigeria (FBN) has appointed Olusegun Alebiosu as its acting managing director with effect from April, 2024. The Bank stated this in a release...
The Nigerian Government is set to receive around $2.2 billion single-digit interest loan from the World Bank. The Minister of Finance, Wale Edun, disclosed this on...
Strong indications have emerged that the apex regulator of Nigeria’s upstream oil sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has moved to avert any potential...
The Air Transport Service Senior Staff Association of Nigeria, ATSSSAN, has threatened to ground aviation operations in Nigeria over the Federal government’s 50 per cent internal...
FBN Holdings Plc, which announced the retirement of the Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Adesola Adeduntan, has announced the cancellation of its...
Vice President Kashim Shettima has expressed optimism that the naira will appreciate more as the dollar continues to crash. The vice president has also urged Nigerians...
The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Transfer Organisations (IMTOs) to double the flow of remittance to Nigeria in...
The Port Harcourt Refining Company (PHRC) is on the brink of commencing production, with oil marketers gearing up to load refined petroleum products, as confirmed by...
Federal government is expected to generate $4 billion annually from trading about 50 million barrels on Nigeria’s commodities exchange. The exchange plans to offer crude oil...
Vice President Kashim Shettima has expressed optimism about the performance of Nigeria’s currency, the Naira, at the forex market, saying it will appreciate more as the...
The group chairman/chief executive officer of Homeland Integrated Offshore Services Limited and Welled Healthcare Limited, Dr Louis Ekere, has been inducted as the Vice President of...
The Nigerian Naira experienced a significant depreciation in the parallel foreign exchange market, ending its previous trend of appreciation. On Friday, the currency fell to ₦1,230...
The Nigerian Naira on Friday experienced a decline at the official exchange window, trading at ₦1,169.99 against the American dollar. According to the official trading platform...
Oil production in Nigeria has received a boost with the Nigerian National Petroleum Company Limited (NNPC) and its Joint Venture partner in Oil Mining Licence (OML)...
The Federation Account Allocation Committee (FAAC) distributed a substantial sum of ₦1.123 trillion from the March 2024 Federation Account revenue to the federal, state, and local...
The Central Bank of Nigeria (CBN) appeared to have finally subdued arguably one of the most gruelling and the multi-faceted attacks on the Naira in recent...
The Managing Director of First Bank Nigeria Limited, Dr. Adesola Kazeem Adeduntan, has resigned from the bank after leading the institution for three terms. In a...
The Kulen Allah Cattle Rearers Association of Nigeria, KACRAN, has called on President Bola Ahmed Tinubu to consider increasing the annual budget of the North-East Development...
The Energy Commission of Nigeria (ECN) in collaboration with and the United Nations Environmental Programme (UNEP) have indicated interest to partner with LEADERSHIP Media Group to...
Three revenue Generating Agencies: Nigerian Upstream Petroleum Regulatory Commission (NUPRC); Nigeria Customs Services (NCS) and the Federal Inland Revenue Service (FIRS) have collected the sum of...
The shareholders of Access Holdings Plc have approved the Group’s plan to establish a capital raising programme of up to $1.5 billion as well as the...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have...
The Nigerian National Petroleum Company Limited, NNPCL and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited, First E&P, have commenced...
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has revealed that the federal government has commenced the distribution of a ₦200 billion grant to bolster nano...
Chairman of the Independent Corrupt Practices and other related offences Commission (ICPC), Dr. Musa Adamu Aliyu, has assured the Federal Inland Revenue Service (FIRS) that the...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Bola Tinubu-led Federal Government has not borrowed from the Central Bank...
The Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture (JV) partner, First Exploration and Petroleum Development Company Limited (First E&P), have announced the commencement...
The Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture (JV) partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have...
The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude oil supply from the United States,...
Recent weeks have seen a welcome decrease in the prices of various foodstuffs across Nigeria, a trend analysts attribute to the strengthening of the Nigerian naira...