The Federation Account Allocation Committee, FAAC, shared N1.149.816 trillion in revenue with the federal, state, and local governments in April 2024. The Director of Press and...
In a bid to standardise and regulate the conversion of vehicles to Compressed Natural Gas (CNG) in Nigeria, the federal government, through the National Automotive Design...
A team from the Presidential initiative on Compressed Natural Gas (P-CNG) yesterday assessed the capacity of major manufacturing partners in the federal government’s effort to boost...
The Federal government has been told to release the details of the N100 billion 2024 zonal intervention project budget. Head of Tracka, Ayomide Ladipo, made this...
The financial reports of MTN and Airtel, have revealed that each Nigerian telcos consumer spends up to 9GB of data monthly on average. For instance, MTN’s...
Following the directives of the Office of the National Security Adviser and the Securities and Exchange Commission (SEC) that the naira be delisted from Peer-to-Peer Trading...
The Nigerian government has said the country’s N20 trillion pension fund is safe and secure. The Minister of Finance, Wale Edun, disclosed this in a statement...
Lagos Leather Fair, an annual event showcasing Africa’s Leather Industry, has announced the launch of its 2024 fair with the theme “Levelling Up” to spur on...
A non-governmental organisation, SheCan Nigeria, is set to empower 4000 women in the 5th edition of its annual She Can Do More conference. The event, scheduled...
Justice Nnamdi Dimgba of the Federal High Court in Lagos has held that the Central Bank of Nigeria (CBN) is constitutionally empowered to demand and collect...
The Federation Account Allocation Committee (FAAC), has shared the sum of N1.208 trillion as revenue for April among the Federal Government, states and Local Government Councils...
Former president of Nigeria, Chief Olusegun Obasanjo, and other critical stakeholders in the agricultural sector will be convening at a groundbreaking initiative, The AgriConnect Summit 2024,...
A coalition of 15 civil society groups in the country has voted the Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, as the ‘Minister of...
The Naira has returned to depreciation against the dollar in the foreign exchange market. FMDQ data showed the Naira dropped to N1533.99 per dollar on Thursday...
FCT Police Commissioner, Beneth Igweh, has expressed support for SLTV, a latest indigenous pay television service. He said approval had been given for the installation of...
Advancly, a credit-tech company, has partnered with Bolt Nigeria, to provide drivers on Bolt with access to credit. This strategic collaboration aimed to support drivers’ financial...
The sudden increase in electricity prices has placed an unbearable burden on small-scale industrialists, who are already grappling with numerous challenges such as high production costs,...
A seasoned expert in agriculture and technology, Rebecca Edeh, has advocated for strategic partnerships to bolster research initiatives in the agricultural sector. She made this known...
Payment company giant, Flutterwave has blocked attempted network intrusion and reported offenders to law enforcement agencies The company detected unusual activities in April and carried out...
The African Development Bank (AfDB) has pledged the sum of $2 billion to promote clean cooking, particularly among women and children in Africa. AfDB President,...
Tech entrepreneur Elon Musk, the founder of SpaceX, is reportedly gearing up to visit Indonesia this Sunday to inaugurate its Starlink satellite unit, as disclosed by two cabinet...
Emirates will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai, and offering customers more choice and connectivity from...
The World Bank has taken action against no fewer than 58 Nigerian companies and individuals for their alleged involvement in corrupt practices. Naija News understands that...
In a bid to address the critical need for infrastructure development across the continent, the executive director and CEO, UBA Africa, Abiola Bawuah, has emphasised the...
Nigeria in 2023 attracted $133 million in private infrastructure investment out of the $86 billion investments made in low- and middle-income countries, the World Bank Private...
In the midst of growing hardship, the most recent report from the National Bureau of Statistics’ April Consumer Price Index and Inflation report highlighted three Nigerian...
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that Emirates Airlines has provided a confirmed date for the resumption of flight operations to...
Executive Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, on Wednesday disclosed that the service generated a total of N3.94 trillion in tax revenue in...
The naira on Wednesday, gained on the official FX window while it continued to decline on the parallel FX market. At the Nigerian Autonomous Foreign Exchange...
Kogi, Kwara, and Ondo are the three states in Nigeria with the highest food prices amid worsening hardship. This is according to the latest National Bureau...
The Nigerian government lost billions of Naira annually for not applying airport tolls to Very Important Persons and VIPs. The Minister of Aviation and Aerospace Space...
The Centre for the Promotion of Public Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to slow down on monetary policy tightening ahead...
President Bola Tinubu has commissioned three milestone projects, the expansion of the AHL Gas Processing Plant, the ANOH Gas Processing Plant and the 23.3km ANOH-Obiafu-Obrikom-Oben (OB3)...
President Bola Ahmed Tinubu has written to the Senate, asking the lawmakers in the upper chamber to screen and confirm four persons appointed as board members...
The Naira has recorded its first N61.38 appreciation against the Dollar at the official foreign exchange market after weeks of depreciation. Recall that Bureau De Change...
More than 1000 Chief Executive Officers (CEOs), 75 Presidents, Ministers, a host of investors, and about 200 journalists from 73 countries will be heading to Kigali,...
The CEO of NoOnes, Ray Youssef, has stated that the body was poised to revolutionise finance and empower the people worldwide. Youssef’s journey epitomises the essence...
. APC chieftain and electric car manufacturer, Mustapha Audu, has said that transitioning to electric vehicles is the way forward for Nigeria, noting that CNG-based technology...
According to data released by the Nigeria Bureau of Statistics (NBS), the headline inflation rate climbed to 33.69% in April 2024, up from 33.20% in March...
Nigeria’s inflation rate climbed to a new high in April 2024, reaching 33.69 per cent, according to latest data released by the National Bureau of Statistics...
Despite the naira making considerable gains in April, the prices of goods and services escalated reaching a new figure of 33.69 percent. According to data from...
Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Wednesday pleaded not guilty to recent charges against him before the FCT High Court...
The fire that occurred on Tuesday at Shell’s Gbaran facility in Bayelsa might lead to an increase in the price of Liquefied Natural Gas in Nigeria. This comes amidst a sharp...
Bureau De Change operators have blamed the continued depreciation of the naira in the foreign exchange market on the Central Bank of Nigeria’s insufficient allocation of...
Over 1.6 million Nigerians have applied for credit under the newly launched Consumer Credit Corporation (CREDICORP). The CEO of CREDICORP), Uzoma Nwagba, disclosed this on Tuesday...
The Chairman of Access Holdings Plc, Aigboje Aig-Imoukhuede, has been formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of...
The fire on Tuesday in Shell’s Gbaran facility in Bayelsa may raise the price of Liquefied Natural Gas in Nigeria. This comes against the backdrop of...
The Federal Executive Council (FEC) has approved the equalisation of the Okpella section of the Lokoja-Benin road and others for N120 billion to be financed by...
A significant milestone has been recorded in the implementation of the Nigeria-Morocco Gas Pipeline project according to ETAFAT, the firm overseeing the project. The company confirmed...
Naira devaluation and Central Bank of Nigeria’s interest rate hikes tripled the earnings of some of Nigeria’s biggest banks in the first quarter of 2024 despite...
The Housing Development Advocacy Network (HDAN) has appealed to the Federal Government to declare a state of emergency in the Housing Industry amidst the looming housing...
The Aliko Dangote Foundation has begun distributing bags of 10 kg rice to 10,000 vulnerable people in Anambra State, as part of its national food intervention...
President of Chartered Institute of Taxation of Nigeria (CITN) Samuel Agbeluyi, has said the government should exempt those earning N100,000 and below from paying tax.Agbeluyi stated...
Cross River State Government has secured a $3.5 billion funding from the African Export-Import Bank (Afreximbank) for some of its key infrastructure projects in the State....
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has again pledged to ensure a fair and transparent process in the ongoing...
The Naira on Tuesday continued to decline at both the official window and the parallel market, closing at N1,520.40/$1, a N42.29 loss when compared to N1,478.11/$1...
The Cross River State Government has secured $3.5 billion in funding from Afreximbank in Cairo for the Bakassi Deep Seaport Project. Governor Bassey Edet Otu announced...
Indigenous shippers are currently eying over N11 trillion which they hope to realise from coastal trade annually. They are therefore appealing to the federal government, through...
The Sokoto State Governor Alhaji Ahmad Aliyu has explained that the removal of sharp practises has seen the state raise its Internally Generated Revenue (IGR) to...
The Securities and Exchange Commission has pledged to work with the Economic and Financial Crimes Commission in a bid to ensure that trade manipulations are reduced...
Sterling Bank, in partnership with AI in Nigeria, has unveiled the “Nigeria AI Landscape and Startup Report” offering a comprehensive view of Nigeria’s AI ecosystem and...
The cybersecurity level being proposed by the federal government may leave a tax burden of N1.5 trillion on businesses and households in the country, a leading...
The Petroleum Industry Act (PIA) has failed to break the monopoly in Nigeria’s petrol import market, as the Nigerian National Petroleum Company (NNPC) Limited continues to...
Nigeria has received approval from the United Nations to extend its continental shelf by 16,300 square kilometres, a territory five times the size of Lagos State....
Huawei Technologies has restated its commitment to accelerating Nigeria’s digital transformation, even as it announced plans to incentivise its partners with a substantial investment of $15...
A Federal High Court in Lagos has restrained Norwegian company, Dolphin Drilling Limited, or anybody acting on its behalf, from removing, demobilising or decommissioning the Blackford...
The Nigerian government raised N380.76 billion in bond auctions, with the lowest subscriptions this year. This is according to May’s bond auction, conducted on Monday. The...
A firm, carmart.ng, has changed its name to carmart.africa as part of a series of corporate rebranding in the country. The company also introduced new features...
Naira’s woes continue for the second week as legitimate operators of Bureau De Change, BDC, await the Central Bank of Nigeria’s intervention. FMDQ data showed that...
Atlantic Lithium Limited, an Australian firm at the forefront of developing Ghana’s first lithium mine has listed all its outstanding shares on the Ghana Stock Exchange....
In a bid to boost the ease of doing business in the mining sector, the federal government has launched the Nigeria Mineral Resources Decision Support System...
The Chairman and Founder of Tinubu Media Support Group, Jesustega Onakpesa, has assured Nigerians that President Bola Ahmed Tinubu’s administration will bring down Nigeria’s soaring inflation....
The Nigerian government will release its April inflation figure on Wednesday, May 15. This development comes as the National Bureau of Statistics usually unveils its monthly...
The Minister of Aviation and Aerospace Development, Festus Keyamo, has received in audience a team from France-KLM Airlines who paid him a courtesy visit. At the...
The recent hike in the monetary policy rate (MPR) by 600 basis points so far in the current year to 24.75 percent, is rubbing off positively...
Internet speed in the country would soon be boosted following the completion of the undersea cables repairs which cut internet supply to a wide range of...
The minister of Aviation and Aerospace Development, Festus Keyamo, has urged Air France-KLM airline to consider offering lower-priced ticket fares in Nigeria. In a statement by...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has signalled that interest rates will remain elevated until the inflation rate recedes, as reported...
The Nigerian government has announced that it has commenced bidding for 12 oil blocks listed for sale. The Chief Executive of the Nigerian Upstream Petroleum Regulatory...
Foreign remittances from abroad to Nigeria declined by 6.28 per cent in the first quarter of 2024. According to the latest data from the Central Bank...
The Chairman, United Bank for Africa (UBA), Mr. Tony Elumelu, on Monday, stressed that Africa as a continent was behind with limited budgets and poor healthcare...
The Federal Government is contemplating a supplementary budget to accommodate a proposed increase in the minimum wage, as ongoing negotiations are likely to exceed the allocations...
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said investors have become more comfortable with the apex bank’s strategic management of...
The Department of Development Control, under the Federal Capital Territory Administration (FCTA), has issued a 24-hour demolition notice to the proprietors of 500 unauthorized markets and...
A militant group named “Ijaw Freedom Fighters” launched an attack on the Imariogha community near the Okomu Oil palm plantation on Sunday night, according to the...
The Economic and Financial Crimes Commission (EFCC) has intensified its efforts against illegal dollar transactions in Nigeria, warning businesses and individuals against illegal dealing in foreign...
The controversy surrounding last month’s electricity tariff hike is yet to fade as the Nigerian workers, on Monday, disrupted activities in the power sector, demanding its...
The federal government has unveiled a national energy master plan to address the challenges of energy facing the country. The documents: “National Energy Master Plan” and...
Engr Aliyu Tukur Tahir is the Managing Director/CEO of the Nigerian Electricity Management Services Agency (NEMSA). In this interview, he speaks on how the Electricity Act...
Fitch Ratings has said the Central Bank of Nigeria may be issuing regulations that would hinder the banking sector support to revised the Nigerian economy as...
In a remarkable achievement, Africa’s Travel Indaba, has surpassed all expectations by reaching its confirmed exhibitors target of 1245, exceeding the initial goal of 1100. The...
Youths of Ogoni in Rivers State under the aegis of National Youth Council of Ogoni People, (NYCOP) have demanded for resumption of full oil exploitation and...
The naira continued its depreciation against the US dollar in the foreign exchange market. Data from the parallel market section and FMDQ showed further depreciation against...
Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has said that the members of the Monetary Policy Committee, MPC, would do whatever is necessary...
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has suggested that interest rates will remain elevated until the inflation rate decreases. According to...
In a pivotal meeting with representatives from Air France-KLM, Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has called on the French airline to offer...