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...
Founder of Aig-Imoukhuede foundation, Aigboje Aig-Imoukhuede said the foundation has made a big commitment to train up to 3,000 public leaders at world -class training level...
President Bola Tinubu has affirmed Nigeria’s commitment to implement sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment. According to...
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday, indicated interest in a mutually beneficial partnership between the state government and Mastercard for technology, digitalisation and innovation....
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Liquefied Natural Gas Limited (NLNG) are currently carrying out an onsite out-of-country monitoring visit to...
Renowned economic expert, Bismark Rewane has expressed optimism about the future of Nigeria’s currency, the naira, forecasting brighter days ahead despite its recent depreciation against major foreign...
How would you evaluate the current state of stability in Nigeria’s energy sector? The current state of stability in Nigeria’s energy sector presents a mixed picture....
Ogun Young Entrepreneurs Summit (Ogun YES) has been scheduled to hold in Abeokuta, the state capital, as part of an economic drive to open new markets...
Toyota Nigeria Limited (TNL) has honoured nine schoolchildren who emerged as national winners of the 2024 (17th) edition of the annual Toyota Dream Car Art contest....
The Managing Director and CEO of Global Process & Pipeline Services Limited (GPPSL), Engr. Obi Uzu, has said innovation is critical to achieving sustainable energy development...
The CEO, MTN Nigeria, Karl Toriola, has been conferred the title of Fellow by the Nigerian Academy of Engineering (NAE), alongside 12 other distinguished engineers. The...
Lafarge Africa Plc has commissioned a new Evacuation Road in Mfamosing, Cross River State, a critical infrastructure project aimed at enhancing safety, efficiency, and connectivity for...
A report by the United Nations Development Programme, UNDP, said Nigeria and the rest of the world are performing poorly in the Sustainable Development Goals in...
As the snail farming industry in Nigeria gains momentum, consumers and businesses are keenly observing the fluctuating prices of snails across different regions and seasons. The...
The naira’s appreciation against the US dollar continued on Thursday, exchanging N1,382.35 per USD at the official foreign exchange market. FMDQ data showed that the naira...
Meta, the parent company of popular social media platforms – Facebook, WhatsApp and Instagram – will introduce a feature on its Instagram app that will allow...
Meta Platforms Incorporated has announced it will launch a revenue-sharing feature with Nigerian content creators on its Instagram platform in June 2024. Meta’s President of Global...
A report by the Central Bank of Nigeria, CBN, has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has...
President Bola Tinubu has said his administration was sustaining investments in digital technology to enhance the sustainability of small businesses, expand opportunities across sectors, and propel...
President Bola Tinubu has said his administration is sustaining investments in digital technology to enhance the sustainability of small businesses, expand opportunities across sectors, and propel...
EXCERPT: The DOJ has accused Apple of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation. The US Justice Department on Thursday announced...
Foreign Airlines operating at Nigerian airports have disputed a claim by the Central Bank of Nigeria (CBN) that it has settled all outstanding backlog of forex...
The National Bureau of Statistics (NBS) reports a significant hike in the price of Household Kerosene (HHK), a common fuel for cooking. This parallels the country’s...
The Central Bank of Nigeria (CBN) has revealed that a total of N10.3 trillion was disbursed as intervention funds under Godwin Emefiele. The apex bank said...
The number of passengers arriving at and leaving airport terminals across the country has sharply declined due to the ongoing increase in airfares to local destinations....
Governor Francis Nwifuru of Ebonyi State has cautioned revenue collectors against collecting taxes from vegetable sellers and other petty traders. This warning was contained in a...
The Nigerian naira witnessed a significant rebound against the United States dollar on Wednesday in both official and parallel markets, as the Central Bank of Nigeria...
The President of the Commercial Bank of Ethiopia (CBE), Abe Sano, has issued a stern warning to customers who withdrew more money than their account balance due to a technical glitch,...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, on Wednesday said that the anticipated public listing of the company’s...
The Central Bank of Nigeria (CBN), on Wednesday, announced that all valid Foreign Exchange (FX) backlogs owed various sectors of the economy had been settled. The...
The Naira strengthened on the official market N1,560.57 to the dollar, driven by foreign exchange (FX) reforms. The summary of the FX trading on Tuesday revealed...
The Nigerian equities market yesterday closed on a negative note with selloffs in Julius Berger Plc and 23 others triggering N168 billion loss. The All-Share Index...
The minister of solid minerals development, Dr. Dele Alake, has urged mining professionals to groom younger cadres to sustain the development of the nation’s mining sector....
Zenith General Insurance Limited has paid N5billion claims to policyholders who suffered insured risks in 2023 financial year end. The managing director and chief executive...
The ministry of Marine and Blue Economy, on Tuesday, said it’s poised to provide facilitation and advocacy required to grow the vessel traffic to the Eastern...
The federal government has initiated moves to develop a National Land Transportation Policy (NLTP), to revolutionise the nation’s land transport sector, currently burdened with inefficiencies. This...
The Nigerian National Petroleum Company, Limited, NNPCL has reiterated its commitment towards utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development. The NNPCL’s...
Naira appreciates massively to N1,492 against USD at forex market amid foreign reserves surge It appreciated massively to N1,492.61 per US dollar at the official foreign...
Chief Justice of Nigeria, CJN, Olukayode Ariwoola, will now earn N1.1 million monthly basic salary and N4.3 million regular allowances as President Bola Ahmed Tinubu increased...
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling a key pledge of the CBN...
A report by the Central Bank of Nigeria (CBN) has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has...
Key officials of Lafarge Holcim Africa have said that it is very unlikely that the cost of cement will revert to its former price. Head of...
PZ Cussons Nigeria’s attempt to delist from the NGX has hit a roadblock as the Securities and Exchange Commission has declined the company’s request for its...
The African Guarantee Fund (AGF), in collaboration with the Nordic Development Fund (NDF), has concluded plans to support banks to improve and develop their green portfolios...
Easily access major global news with a strong focus on Africa. As well as the main stories of the day, we like to accentuate positive stories...
In a groundbreaking move within the African banking landscape, Access Bank Plc and KCB Group Plc inked a binding agreement on Wednesday to acquire the full...
Access Bank is set to purchase the National Bank of Kenya from the KCB Group, marking its second acquisition of a Kenyan bank in less than...
Nigerian banks said evidence of a recent three-year tax clearance certificate is now a prerequisite for banks’ consumers seeking foreign exchange. Standard Chartered Bank disclosed this...
In a significant step towards gender equality, Nigerian banking institutions are witnessing a remarkable surge in the appointment of women to the esteemed position of Managing...
Access Holdings has announced plans to acquire the National Bank of Kenya. According to a corporate disclosure on the Nigerian Stock Exchange website, Access Bank Plc,...
Access Holding has entered an agreement with the Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank of Kenya...
The National Bureau of Statistics (NBS) on Wednesday revealed that the retail price of diesel across Nigeria jumped from N836.91 in February 2023 to N1,257.06 in...
The Nigerian currency, Naira, mounted a comeback against the United States Dollar on Wednesday at the parallel market, popularly called the black market. According to the...
The National Bureau of Statistics, NBS, has said that the average retail price of a litre of petrol rose from N263.76 in February 2023 to N679.36...
The naira on Wednesday exchanged for N1400 against the United States, US, dollars in the parallel market. Parallel market operators sold at N1400/$1 for holders of...
Amidst Nigeria’s evolving construction landscape, the cement market is witnessing a price problem, with retail figures straying significantly from the Federal Government’s agreed benchmarks with manufacturers....
Experts are set to collaborate with Ethnos and OneIdentity/Quest for the launch of the Ethnos Cybersecurity Erudition Series in creating awareness within the public sector. This...
The Euro to Naira exchange rate in Nigeria’s black market has soared to N1,667.298 as of today, March 20, 2024, reflecting a significant appreciation of the...
The ‘Aboki’ black market rate for the Canadian Dollar (CAD) against the Nigerian Naira (NGN) today stands at N1,070.641. This rate, provided by informal currency traders...
In Nigeria, garri, a staple food product derived from cassava, is a key component of many households’ diets. However, the price of garri, especially in 50kg...
TekSight Edge Limited, a leading Nigerian Digital PR Agency, celebrated its 10th anniversary last week, reflecting a remarkable journey and the profound impact the company has...
The Monetary Policy Committee (MPC) is billed to hold its second meeting for the year next week and there are indications that the benchmark interest rate...
The naira has shown signs of strengthening in the official foreign exchange (FX) market, currently quoted at N1,560.57 to the dollar. This improvement reflects a 0.79...
The Central Bank of Nigeria, CBN, has lifted forex restrictions on the importation of milk and dairy products in the country, a move expected to push...
The Minister of Power, Adebayo Adelabu, stirred controversy as the Federal Government awarded a N40 billion mass metering contract to a greenhorn and foreign firm, De...
The Central Bank of Nigeria (CBN) said it is working to ensure that the final copy of the National Financial Literacy Curriculum is included in...
The Naira on Tuesday continued to strengthen at both the official window and parallel market as for the second day, closing stronger compared to its performance...
The Senate Ad-hoc Committee investigating the N30 trillion Ways and Means on Tuesday insisted on recovery of loans offered by the Central Bank of Nigeria and...
Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr. Mele Kyari, on Tuesday said the Final Investment Decision (FID) on the...
US Dollar transactions surged by 38.93 per cent as the Naira maintained significant gains in the foreign exchange market. FMDQ data showed that USD transactions increased...
In light of the ongoing challenges encountered by countless Nigerians, Women in Management, Business, and Public Service (WIMBIZ) has encouraged women to empower themselves for self-reliance...
The Central Bank of Nigeria (CBN) has advised young secondary school students in the country to imbibe the culture of financial savings to better secure their...
To achieve stable power supply in Nigeria and other African countries, the federal government has charged investors to channel more resources into small hydropower projects as...
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. Naija News recalls that on February 11, 2020,...
One of Nigeria’s commercial banks, Zenith Bank, has appointed Adaora Umeoji as its new Group Managing Director and Chief Executive Officer (GMD/CEO). The bank made this...
The Nigerian Senate has passed N446.3 billion as the 2024 Federal Inland Revenue Service, FIRS, budget. The action of the Red Chamber followed its adoption and...
Zenith Bank Plc has announced the appointment of Dr. Adaora Umeoji, as its Group Managing Director/Chief Executive with effect from June 1, 2024. The appointment is...
The Nigeria Customs Service (NCS) has taken a proactive stance by spearheading an Authorised Economic Operators (AEO) programme aimed at enhancing the efficiency and predictability of...
Digital marketing professionals and marketing experts in Nigeria have found themselves ensnared in a web of bureaucratic red tape as NIMN joins forces with the Nigerian...
Vice President Kashim Shettima has said Nigeria’s energy transition journey as well as its resolve to embrace clean and renewable energy solutions remains on track under...
The federal government of Nigeria, through the Ministry of Industry, Trade, and Investment has inked a Memorandum of Understanding (MoU) with Lab Four, pledging to bring...
The Transmission Company of Nigeria (TCN) says it has commissioned a 100MVA 132/33kV power transformer at its Port Harcourt Main Substation, increasing the transmission capacity of...
MoneyMaster Payment Service Bank Limited (MMPSB), Nigeria’s top payment service bank, is commemorating the 2024 Global Money Week by focusing on educating youngsters on financial literacy....
The federal government of Nigeria has embarked on an ambitious initiative aimed at slashing fuel costs by up to 70 per cent through the adoption of...
The Central Bank of Nigeria is set to convene its 294th Monetary Policy Committee (MPC) meeting, a highly influential gathering that plays a key role in...
The appointment of the Director-General of the Nigerian Meteorological Agency (Nimet) is still generating disquiet three months after, Daily Trust can report. Prof. Charles Anosike was...
The Nigerian government has backed the establishment of a 20-megawatt solar-hydro hybrid project in Shiroro by Solar Generating Company and other entities to boost electricity supply...
Zenith Bank Plc has announced Adaora Umeoji as its first female Group Managing Director. The company secretary, Michael Otu, disclosed this in a statement filed with...
Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji as Group Managing Director and Chief Executive with effect from June 1, 2024, subject...
Nigeria’s most capitalised bank, Zenith Bank Plc, has appointed Dame Adaora Umeoji as the Group Managing Director effective June 2024, making her the first female to...
In a monumental stride towards transforming Africa’s export landscape, one of Africa’s leading commercial banks with reach across Africa and beyond, Zenith bank, has announced a...
Chinese property giant Evergrande and its founder, Hui Ka Yan, have been accused by Chinese regulators of inflating revenues by $78 billion (£61.6bn). Hengda Real Estate,...
Nigeria’s inflation rate is anticipated to surge to 32.77 percent this month, driven by escalating food prices and harvest depletion, according to projections from Cordros Capital...