The Nigeria Sovereign Investment Authority (NSIA) has charted its course for 2024, outlining strategic priorities aimed at bolstering its foundational operations, workforce, and overall effectiveness. the...
The federal government, through the Presidential Compressed Natural Gas Initiative (P-CNGi) is partnering with Bovas Group to convert vehicles of mass transit operators as well as...
The President of Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has urged the Central Bank of Nigeria (CBN) to continue its Foreign exchange market’s...
Minister of Finance, Wale Edun, has said that the Nigerian Government issued N8 trillion in government security, known as treasury bills, to stabilize and boost the...
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The price of Brent crude is now $90.54 per barrel, up from $87 days after the war between Israel and Iran escalated. Oil prices jumped more...
The Nigerian Electricity Regulatory Commission, NERC, says the federal government needs to provide N3.2 trillion in subsidies in 2024 to reverse the recent electricity tariff hike....
A recent survey has revealed a significant decrease in the prices of paddy across various grain markets in Nigeria, signaling relief as the dry season harvest...
The Revenue Mobilization Allocation and Fiscal Commission has said that N7.3 trillion was remitted into the Federation Account in the last six months of 2023, indicating...
The Director General/Chief Executive, Standard Organisation of Nigeria (SON), Dr Ifeanyi Chukwunonso Okeke, has asked block makers, cement producers and building engineers to maintain standards in...
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has stated that the country is ready to transform wasted energy into productive...
As Nigerians anticipate a drop in cement prices following recent reductions in other commodity costs, the high price of cement continues to impact the real estate...
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market. FMDQ data showed that the naira tumbled to...
The governor of the Central Bank of Nigeria, Olayemi Cardoso, says continued liquidity in the foreign exchange market will sustain naira’s appreciation. Cardoso disclosed this on...
Naija News CBN Speaks On Selling Forex To BDCs At ₦1,001/$1 */ .loader { width: 25px; aspect-ratio: 1; border-radius: 50%; border: 4px solid black; animation: l20-1...
The management of Landmark Africa has revealed that it was not consulted before the Federal government commenced plans to take over the beach for the Lagos-Calabar...
As the financial markets grow increasingly complex, traders are constantly on the lookout for more straightforward and aggregated ways to engage with the vast opportunities they...
The Central Bank of Nigeria, CBN, has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity....
The Organised Private Sector (OPS) has warned that more than two-thirds of private businesses in Nigeria are at risk of shutting down due to increased operating...
Snapping eight consecutive sessions of losses, the domestic equities market posted a N57 billion rebound, supported by investors’ demand for FBN Holdings (FBNH) Plc and 16...
In Nigeria, the demand for cooking gas has surged, not only for culinary purposes but also as an alternative power source for generators. This growing trend...
In a significant victory for civil society, the Stakeholder Democracy Network (SDN) has secured key commitments from lawmakers to address long standing issues in the oil...
The 16th season of DiamondXtra, a savings and reward account where customers of Access Bank are rewarded with several prizes, have been unveiled in Lagos.The Season...
The Nigerian Ports Authority (NPA) has negotiated a loan of $700 million from Citibank to be funded by the UK Export Finance (UKEF) , an export...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves. The development will see the Naira appreciate further...
The Centre for the Promotion of Private Enterprise has explained that the impact of Naira appreciation may not be immediate on cargo imports because of the...
The Federal Competition and Consumer Protection Commission (FCCPC), Wednesday vowed to protect consumers amid the escalating costs of goods and services despite recent appreciation of the...
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market...
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, reiterated the apex bank’s stance of not intervening in the foreign exchange...
The Nigerian Ports Authority has secured a $700 million loan from Citibank and funded the United Kingdom Export Finance to rehabilitate the Apapa and Tincan Island...
The Naira, yesterday, depreciated to N1,105 per dollar in the parallel market, from N1,100 per dollar on Tuesday. Recall that Naija News earlier reported that the...
The Nigerian Government has insisted that fuel subsidy has been removed. The Federal Government faulted former Kaduna State governor, Nasir El-Rufai, and the Independent Oil Marketers...
The CEO of Rainoil Limited, Gabriel Ogbechie, disclosed that the Nigerian government has resumed the controversial payment of fuel subsidies, now estimated at about N600 billion...
As CBN lowers banks’ loan-to-deposit ratio to 50% Monetary tightening by the Central Bank of Nigeria (CBN) in a bid to curb stubborn inflation is...
The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has said that it was not the intention of the apex bank to defend...
Raymond Okongor, the chief security officer to a Chinese firm that deals with splitted white wood in Efii, Okuni community, Ikom Iocal government area of Cross...
The naira has appreciated by N75.4 against the US dollar in a single day to bounce back in the foreign exchange market. FMDQ data showed that...
The Central Bank of Nigeria (CBN) has reduced the Loan-to-deposit ratio (LDR) of banks to 50 per cent from 65 per cent. The apex bank made...
Africa’s leading B2B event servicing company, Eventhive.ng, has announced the return of its annual Nigeria Fintech Forum in 2024. The 2024 edition of the event...
A Nigerian lady has tearfully taken to social media to share her harrowing ordeal after her trusted boyfriend vanished, absconding with the entire hard-earned savings she...
President Bola Ahmed Tinubu has commended the Dangote Group over its recent price reduction of Automotive Gas Oil (AGO), also known as diesel. Ajuri Ngelale, Special...
President Bola Tinubu has commended Dangote Oil and Gas Limited in reducing the pump price of Automotive Gas Oil (AGO), also known as diesel. The Group...
The International Monetary Fund (IMF), has forecasted that Russia’s economy will outpace all advanced economies, including the US, this year. The IMF anticipates a growth rate...
Amid efforts by President Bola Tinubu to revive the country’s plummeting economy, the International Monetary Fund (IMF) has listed Nigeria among global emerging markets and developing...
Nigeria’s foreign exchange reserves plummeted to $32.29 billion amid the Central Bank of Nigeria’s efforts at defending the Naira and dwindling crude oil revenue. Data from...
The International Monetary Fund (IMF) on Tuesday raised Nigeria’s 2024 economic growth forecast from the three per cent it had previously estimated, to 3.3 percent. The...
Following the recent announcement of its business recovery plan, Nigerian Breweries Plc, on Tuesday, officially announced on the Nigerian Exchange Limited (NGX) its plan to temporarily...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria lost $34 billion in the last two and a half years due to...
In a move that has been described as ‘unprecedented,’ the Dangote Petroleum Refinery on Tuesday announced a further reduction of the price of diesel from N1,200...
Starlink has issued a warning via email to its South African users saying that their internet access would cease on April 30. The email stated that...
Kwara State Governor, Alhaji AbdulRahman AbdulRazaq on Tuesday said the administration is always open for partnerships and engagements that attract investments and pave the way for...
The Naira recorded a marginal depreciation against the Dollar in the foreign exchange market for the first time since March 2024 amid the decline of FX...
The Nigeria Civil Aviation Authority (NCAA), has suspended the permits of three private jet companies for violating the terms of their permits and using their planes...
Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Tuesday clear the air over the purported crisis between it and other unions stating that it...
Nigeria’s foreign exchange (FX) reserve has plunged by approximately $2.16 billion in 29 days, amidst the Central Bank of Nigeria’s (CBN) robust efforts to stabilise the...
The chief executive of Economic Associates, EA, Dr Ayo Teriba, has said the recent Naira appreciation will impact the country’s inflation between three to six months....
Fidelity Bank Plc. has released its 2023 full year Audited Financial Statements, reporting a profit after tax of N99.5 billion representing a 112.9% annual growth. According...
Dangote Petroleum Refinery has announced a further reduction in the price of diesel. A few weeks ago, when it commenced operation, Dangote Petroleum Refinery pegged the...
In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. In a Tuesday...
Dangote Petroleum Refinery has announced a reduction of the price of diesel from N1200 to N1,000 per litre. In a statement, the refinery said it supplied...
The International Monetary Fund has adjusted Nigeria’s economic growth forecast to 3.3 per cent in 2024. The revised forecast for April was disclosed on Tuesday in...
The price of petrol in Nigeria continues to see variations across different states and even among petrol stations within the same locality, despite efforts by the...
According to the Association of the Bureau De Change Operators of Nigeria (ABCON), the Nigerian currency, Naira, has appreciated faster than anticipated against the United States...
The Association of Bureau De Change Operators of Nigeria (ABCON) has observed a faster-than-anticipated appreciation of the Nigerian Naira against the US Dollar. President of ABCON,...
The Nigerian Naira, in a significant economic turnaround has shown remarkable strength against the US dollar, trading below ₦1,000 in some segments of the black market. This...
The Ministry of Industry, Trade and Investment has officially initiated the disbursement of a N200bn palliative loans through the Presidential Conditional Grant Scheme. This announcement followed...
The Premium Breadmakers Association of Nigeria (PBAN) has shed light on the escalating costs of bread in the country, citing exchange rate volatility and international conflicts...
Nigeria has established itself as a hub of Forex trading excellence, with a growing community of traders seeking success in the market. With this, Traders Union...
The Nigeria Civil Aviation Authority (NCAA), on Tuesday, suspended the licences of three private jet operators over abuse of their permits. LEADERSHIP reports that the minister...
Nigeria has released new rules that will compel its oil producers to sell crude to domestic refineries in a bid to reverse the country’s reliance on...
Cash transactions in Nigeria rose to N237 trillion in the first quarter of 2024, according to new statistics from the Nigeria Interbank Settlement System. According to...
The National Agency for Science and Engineering Infrastructure (NASENI) and the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State are set to collaborate...
The Leader of INRI Evangelical Church, Primate Elijah Ayodele, on Tuesday advised President Bola Tinubu to change his approach towards economic hardship because he still foresees...
Managing director of Inner Galaxy Steel Company Ltd, Owaza, Lin Shanbiao has said the company is facing labour shortage, encouraging Abia State youths to apply for...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said Nigeria’s crude oil reserves increased from 36.96 billion barrels (bb) on January 1, 2023, to 37.50 bb...
Nigeria will need $461 million to connect 97 clusters of communities in different parts of the country that are bereft of access to telecom services, LEADERSHIP...
United Capital Plc has declared profit after tax of N3.59 billion net profit in its first quarter (Q1) unaudited financial results ended March 31, 2024. The...
The Federal Ministry of Marine and Blue Economy will spend a whopping N1 billion on the purchase of vehicles in 2024, LEADERSHIP reports. The ministry will...
Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team...
The Securities and Exchange Commission (SEC) has announced that the Capital Market Committee (CMC) is set to convene virtually on Thursday, April 18th, 2024, for its...
The Nigerian government has agreed to sell crude oil to Dangote and local refineries to boost the Naira. The Chief Executive of the Nigerian Upstream Petroleum...
Minister of Finance, Wale Edun, says Nigerians are saving in Dollars because they have lost faith in Naira. He noted that the recent appreciation of Naira’s...
The Transmission Company of Nigeria (TCN) has stated that a fire incident at the Afam Power Generating Station was responsible for the grid collapse that occurred...
There is no end in sight to the skyrocketing price of food commodities in the country with the National Bureau Statistics (NBS) announcing an increase in...
United Bank for Africa (UBA) Plc, has outlined its strategies aimed at navigating the dynamic banking landscape while also consolidating growth prospects for the 2024 financial...
Samsung has once again emerged as the world’s leading smartphone vendor, surpassing Apple in the latest rankings as the global smartphone market shows signs of robust...
The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed...
Nigerian manufacturers said the high cost of diesel is why the prices of goods are high in Nigeria. The Director General of the Manufacturers Association of...
The value of the naira gained strength on Monday afternoon in the parallel market, having opened at N1,130 to the dollar in the morning. It was...
The Transmission Company of Nigeria, TCN, says a fire incident caused the collapse of the national grid on Monday. The General Manager of Public Affairs, Ndidi...
Oil prices have reportedly fallen on Monday following Iran’s retaliation attack on Israel over the weekend. Brent crude, which is a key benchmark for oil prices...
Having opened at N1,130 to the dollar on Monday morning, the value of the naira gained strength midday as traders anticipate another round of dollar sales...
The rate at which prices of goods and services rise continued to spike with inflation reaching 33.2 per cent last month, according to the latest data...
Telecom operators declared their commitment to follow the Nigerian Communications Commission (NCC) directive, which mandates blocking calls from phone numbers not associated with their National Identity...
Late Sunday saw a remarkable surge in the value of the Nigerian currency, Naira, against the US Dollar. Naija News reports that the Naira has exceeded...
The Naira experienced a significant rally against the US Dollar, breaking through critical resistance levels to trade below N1,000 in some segments of the black market...