The management of Benue Investment and Property Company Limited (BIPC) has asked the Head of Service, Dr Moses Agbogbo Ode, to facilitate the recovery of over...
The Nigeria Insurance sector has recorded a total asset of about N2.67 trillion as at Fourth Quarter (Q4) of 2023, the latest data from the statistics...
Nearly three years after the establishment of the Lagos-Ogun Joint Development Commission, the economic alliance between the neighbouring states is yet to be formalised, Daily Trust...
The African Industries Group says the completion of its iron ore mining and processing plant at Gujeni, in Kagarko Local Government of Kaduna State has signalled...
The Board of Eko Electricity Distribution Company has redeployed Dr. Tinuade Sanda from her position as managing director/chief executive officer In a letter signed by the...
MTN Group, Africa’s largest network operator by subscriber base, has accepted an undisclosed offer from Africa-focused telecommunication service, Telecel, for the sale of its equity interests...
Minister of the Federal Capital Territory, FCT, Nyesom Wike, has guaranteed Indians seeking business opportunities in the nation’s capital full corporation support. The FCT minister communicated...
Naira’s appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.95 per USD at both parallel and official foreign exchange markets amid the Central...
The managing director of IMBIL Nigeria, Akeem Ogunkoya, has been recognised as critical stakeholders in the Nigeria’s digital economy space at the just-concluded 2024 edition of...
https://cdn.veri.app/2547c694-b10d-43de-ba7e-bc5d90ecd4fb.mp4 In a bid to curb soaring inflation rates, the Central Bank Monetary Policy Committee has taken decisive action by increasing its key monetary policy rate...
The price of soya beans in Nigeria has notably increased, with the current rate per kilogram standing at N550 in key northern states like Kano and...
Families across Nigeria are grappling with the soaring costs of baby diapers, as inflation continues to exert financial pressure on households. The spike in prices has...
The Central Bank of Nigeria (CBN) has said that it refused to validate the outstanding $2.4 billion Forex forward transactions because they were ineligible for forex...
The Central Bank Governor, Olayemi Cardoso, has stated that although the Security and Exchange Commission regulates Binance, the Central Bank has consistently shared information about the...
The Governor of the Central Bank, Olayemi Cardoso, has explained that the apex bank has continued to share information on Binance with other Nigerian government agencies....
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate, which benchmarks interest rates, from 22.75 percent to 24.75 percent. The CBN Governor, Olayemi...
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent in a continued chase to tame...
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points to per cent from 24.75 per...
A financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention by the Central Bank of Nigeria...
Footwear sales in Nigeria, South Africa, and other Sub-Saharan African countries contributed $24 billion to global textile and apparel exports in 2023. Euromonitor International research disclosed...
The price of Brent crude oil surged to $85.67 and the West Texas Intermediate crude rose to $80.88 per barrel, according to Reuters. The rise is...
World’s third largest aircraft manufacturer, Airbus has pledged to work with Nigeria to boost air transport in the country. This was contained in a letter written...
West Indian Ocean Cable Company (WIOCC), the parent company of Open Access Data Centres (OADC), and one of the companies with the largest capacity that is...
The Central Bank of Nigeria (CBN), on Monday, approved a second tranche of sale of foreign exchange (FX) to eligible Bureau De Change (BDC) operators to...
The Nigerian federal government has said the outbreak of the ginger blight disease in four states in Nigeria has resulted in a loss of over N12...
Nigeria’s insurance industry recorded a significant improvement in real terms as the market recorded total assets of N2.67trillion and capitalization of N851billion in 2023, according to...
Sahara Group Foundation, the Personal and Corporate Social Responsibility arm of Sahara Group, has once again demonstrated its dedication to fostering sustainable societies.In a recent initiative,...
The federal government is broadening Public-Private Sector collaboration with the view to achieve multi sectoral linkage in line with present administrations Industrialisation and growth agenda.The FG,...
Nigerian based real estate firm, BigUncle Homes is set to launch operations in Canada, US in line with the government strategy to boost exportation and reduce...
OCP Africa and BlackCountry Farms have been unveiled as the headline sponsors for Brightest National Agric Science Quiz Competition which is about to debut across top...
Nigerian ginger farmers have incurred losses amounting to N12 billion due to the catastrophic blight epidemic that decimated their crops in 2023.The outbreak, which primarily affected...
The exchange rate charged by the Nigeria Customs Service (NCS) for cargo clearance and import duties collection has dropped significantly from N1,572.5/$ to N1,448.38/$; a reduction...
The chief executive officer of Skymax Integrated Network Limited, Chidi Charles Agukwe, has been honoured as a critical stakeholder and driver occupying an important position in...
The Federal Executive Council meeting presided over by President Bola Tinubu has approved two initiatives aimed at fostering better inclusion and development opportunities for the teeming...
Earning in dollars in Nigeria can be highly beneficial due to the favourable exchange rate against the local currency, the Naira. Here’s a look at jobs...
The Central Bank of Nigeria (CBN) has sold dollars to Bureau De Change operators at the rate of N1,251/$1. According to a statement issued by the...
The founder and lead consultant of Alpha-Geek Technologies, an innovative Information Technology Services company, Mr. Oluwaseun Dania, has reaffirmed his commitment to contributing significantly to the...
The naira’s appreciation against the US dollar continued on Monday, exchanging N1,360 and N1,408.04 per USD at both parallel and official foreign exchange markets. A Bureau...
The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1,251 per United States, US, dollar....
The Central Bank of Nigeria (CBN) has confirmed to the Bureau De Change operators (BDCs) that it sold $10,000 to each BDC at an exchange rate...
The average fare paid by commuters for journeys within the city increased by 46.98 per cent year-on-year. The National Bureau of Statistics, NBS, disclosed this in...
The regional executive, West Africa, at Africa Data Centres, Dr. Krishnan Ranganath, has been honoured as one of the 50 Most Valuable Personalities (MVP) in Nigeria’s...
The Euro to Naira exchange rate in the black market has reached a new high, with the rate standing at N1,559.767 on March 25, 2024. This...
Boeing, the embattled aerospace giant, revealed a significant management shake-up with CEO Dave Calhoun set to step down at the end of 2024, marking a pivotal...
The construction industry in Nigeria is facing a sharp increase in the prices of building blocks, which can be attributed to the recent hike in the...
Industry stakeholders are advocating for an increase in the number of cement manufacturers in Nigeria to enhance affordability, boost annual production, and meet the rising demand...
Human resource consulting expert, Jane Odonwodo, has called on industries to recognise and prioritise skill mastery and practical experience, to maximize growth. Odonwodo made the call...
Amid the standoff between the Nigerian government and Binance, a cryptocurrency platform, one of the two executives detained over alleged tax evasion and other offences, Nadeem...
In a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, the Federal Government has initiated criminal proceedings against Binance,...
South African multinational corporation and mobile telecommunications provider, MTN, reportedly experienced a significant decline of 7.3 million active subscriptions in January 2024. Recent industry data indicated...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will meet on Monday to evaluate the impact of its massive rate hike in...
A total of N4.381 trillion (N4, 381,207,357,790.30) went into the servicing of the Federal Government of Nigeria’s domestic debt obligations between January and December 2023, the...
The Nigerian Shippers’ Council (NSC), has saved the nation’s economy a whooping N58.4 billion through intervention in legal cases, vessel demurrage and fines imposed on truck...
The National Civil Society Council of Nigeria (NCSCN) has commended the Federal Government and the Nigeria Customs Service (NCS) for initiating a 90-day window for the...
Industry data has showed that, telecom company, MTN has lost a whooping 7.3 million subscriptions in January, as it enforced the Nigerian Communications Commission (NCC)’s directive...
The Aliko Dangote Foundation (ADF) is set to distribute food palliatives worth N15 billion across Nigeria, to cushion the rising hunger in the country. President of...
The Federal Ministry of Industry, Trade and Investment has unveiled the Bank of Industry’s (BOI’s) palliative food programme in its bid to cushion the effect of...
E-hailing drivers in Lagos, operating under the umbrella of the Amalgamated Union of App-Based Transporters of Nigeria, are on the brink of staging a protest against...
The average price of automotive gas oil, known as diesel, increased by 50.20 per cent on a year-on-year basis amid economic hardship. The National Bureau of...
The prices of rice, garri, and yam, popular staple foods in Nigeria, surged to 134.81 per cent, 109.16 per cent and 131.33 per cent, respectively, in...
A chieftain of the ruling All Progressives Congress, APC, in Osun State, Olatunbosun Oyintiloye, has asked President Bola Ahmed Tinubu to intervene in the hike of...
APEX, one of the leading companies and household names making waves across Africa, has introduced a tailor-made service designed to make transactions more convenient, accessible, and...
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has criticized the notion that the naira will stabilize at N400 to the...
Amid the controversy surrounding the award of a N40 billion metre contract to a foreign firm, the Minister of Power, Adebayo Adelabu, has affirmed the federal...
The foreign exchange on cargo clearance at nation’s seaports and international airports across the country has reduced again even as Naira continue to strengthen against foreign...
Sterling One Foundation has called for strategic collaborations in bridging $1.7 trillion financing gap for women entrepreneurs. The foundation stated this at the 10th annual Ring...
The Financial Reporting Council of Nigeria (FRCN) supported by NGX Regulation Limited (NGX RegCo) launched the roadmap for the adoption of the Sustainability Financial Reporting Standard...
The managing director and CEO of the Nigeria Deposit Insurance Corporation (NDIC) Mr. Bello Hassan, has said the corporation is committed to ensuring that people who...
The federal government and Mojec Group were considering fresh options to bridge 8million metering gap and achieve its mass metering initiatives based on timeline it has...
The Centre for the Promotion of Private Enterprise, CPPE, has raised the alarm that the majority of states in Nigeria are at risk of insolvency amid...
Nigeria paid a total sum of $3.503,509,331.53 to service its external debt stock of $42.495 billion between January and December 2023, the latest data from the...
A document from the Central Bank of Nigeria showed that thirty-one states owed the apex bank N330.9 billion obtained to pay workers’ salaries between 2015 and...
The National Bureau of Statistics (NBS) has released its selected food prices watch report for February 2024, indicating a significant rise in the cost of basic...
A recent analysis has highlighted that Nigeria’s minimum wage of N30,000 is the lowest compared to seven other selected African countries. This finding underscores the economic...
The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N5,139.25 recorded in January 2023 to N6,154.50 in February...
A rise in the cost of cooking gas in Nigeria has been reported by the National Bureau of Statistics (NBS), with the average price for 5kg...
The cost of essential food commodities like rice and beans has seen a significant rise across Nigeria, a trend attributed to recent policy changes by President...
What is the meaning of BSGM framework and how does it work? BSGM framework means Business Survival Growth Framework. It is designed to function in two...
A review of foreign exchange trading in the past four weeks shows that Naira gained N234.01 and N340 against the US Dollar at the official and...
As Naira continues to strengthen against foreign currencies, especially the United States Dollar (USD) at both parallel and official markets, the foreign exchange on cargo clearance...
During mid-day trading on Friday, Nigeria’s naira strengthened to 1,312.51 per dollar, as reported by data from the London Stock Exchange Group (LSEG). The naira, which...
The Naira experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday. Data from the official trading platform of the...
The supply of United States Dollar dipped by 30.7 per cent to close at $199.71 million on Friday at the foreign exchange market despite the continued...
Nosak Group’s Board and Management have announced the appointment of Eki Ogunbor as Group Executive Director, Brands and Communications. It disclosed this in a statement posted...
Investors at the Nigerian Exchange Limited, NGX, gained N146.95 billion in market capitalization as the All-Share index soared by 259.90 points to close Friday at 104,647.37...
The Special Adviser to the Senate Committee on Banking, Insurance, and Other Financial Institutions, Uche Uwaleke, hailed the developments as a positive shift in sentiment of...
In a bid to bolster its revenue generation and ensure transparency, the Ekiti State Revenue Service, EKIRS, has urged banks and Remita to embrace the adoption...
The Nigerian naira experienced a notable appreciation in the parallel foreign exchange market on Friday, trading at N1,470 per dollar, marking a 2 percent increase from...
Following the directive of the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, the Nigeria Customs Service, NCS, on Friday, suspended the...
The Nigerian Naira has experienced a slight appreciation at the official market, trading at N1,431.49 to a dollar on Friday, up 1.5% from the previous day’s...
Governor Bala Mohammed of Bauchi State has granted amnesty to 96 inmates of the various correctional centres across the state under the prerogative of mercy. The...
AIICO Insurance Plc has explored , enhanced, and exhibited the potential of women, both within and outside of the organisation, and to this end, it has...
Operators in the Information Communication Technology (ICT) sector in Nigeria, spent N50.28 billion on diesel in February 2024 alone, LEADERSHIP has learnt.This is even as the...
The Group chief operating officer of Waltersmith Group, Alex Osho, alongside other business leaders said, Nigeria’s economic environment has made it a tall order for firms...
The Nigeria Customs Service, NCS, on Friday, announced the suspension of a 25 per cent penalty previously imposed on illegally imported vehicles. In a statement signed...
Bernard Arnault has overtaken Jeff Bezos, Elon Musk, Mark Zuckerberg and others to reclaim his position as the richest man in the world. This is according...
The Nigerian naira continued its upward trajectory against the United States dollar, closing at 1,382/$ in the official market on Thursday, marking a significant N18 gain....
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane has said the current Naira appreciation drive against the US dollar is sustainable. Rewane...
Flight tickets of foreign airlines have crashed significantly in the last few weeks from N4 million for returned economy class to N1.5 million, LEADERSHIP can authoritatively...