Bitcoin soared to an all-time high on Monday, surpassing $71,000 as the momentum behind the world’s largest cryptocurrency continued unabated. The Financial Conduct Authority (FCA) of...
The cost of rice, a staple food for millions of Nigerians, has experienced a staggering increase of 98.47 percent over the past year, pushing this essential...
An Ad-Hoc Committee has been established by the Senate to investigate the Ways and Means, including the Anchor Borrowers Programme by the Central Bank of Nigeria...
As a cornerstone of Nigerian cuisine and agriculture, paddy rice‘s market dynamics are of keen interest to both consumers and farmers across the country. With the...
Bitcoin hit a fresh record above $71,000 as demand for the cryptocurrency picked up amid optimism that the Federal Reserve will cut interest rates the year....
The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, says the Nigerian government owes about N100 billion in outstanding electricity debt. He disclosed...
The price of flour, a staple ingredient in numerous Nigerian households and a cornerstone for several businesses in the bakery and confectionery sectors, has witnessed fluctuations,...
Economist Intelligence Unit, a global research firm, says President Bola Ahmed Tinubu’s administration should consider foreign borrowing to rescue the Naira against the USD in the...
Nigeria Employers’ Consultative Association (NECA) and Centre for the Promotion of Private Enterprise (CPPE) have commended the federal government for putting on hold the implementation of...
The Bank of Industry (BOI) said it has disbursed $6.02 million out of its $10 million investment commitment to Alitheia Fund in supporting gender equality and...
Private sector operators have commended President Bola Tinubu, the coordinating minister for the Economy, the minister of Industry, Trade and Investment and the minister of Interior...
The federal government has rolled out the Presidential Conditional Grant Scheme (PCGS) to empower nano businesses as part of the Presidential Palliative Programme.The scheme, which commenced...
Despite converted efforts to diversify Nigeria’s economy, the country remains heavily reliant on crude oil, with over 80 per cent of exports dominated by this single...
The African Guarantee Fund (AGF), in collaboration with the Nordic Development Fund (NDF), has concluded plans to host the 9th Edition of the Green Finance Conference...
The Financial Reporting Council has said sustainability reporting and practice could help Nigeria unlock foreign capital inflows, attract investments as well as improve the well-being of...
The Centre for the Promotion of Private Enterprise (CPPE) has urged the federal government to strengthen extant law on expatriate quota rather than creating a new...
The Development Bank of Nigeria (DBN) has revealed that women entrepreneurs took the largest part of its disbursement to Small and Medium Enterprises (SMEs) which amounted...
The Director-General of the National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has described reports that the commission gave a N10 trillion loan to the federal government...
The declining oil receipt by the federation has seen a gradual decline in federally allocated revenue to sub-nationals, forcing the federating units to put on their...
There are growing concerns over the poor Know Your Customer (KYC) policy by some financial technology companies (Fintechs) while issuing Point of Sales Terminals (PoS) to...
Lagos-Abuja return ticket N.4m This is not the best of times for airline operators in Nigeria following the decline in the number of domestic passengers in...
Nigeria’s agricultural sector has seen its exports soar to a remarkable N1.23 trillion in 2023, according to the latest foreign trade reports from the National Bureau...
As the price of goods and services continue to skyrocket on daily basis in Nigeria, making it difficult for individuals and households to meet with their...
A recent report by the World Bank says that less than 20 per cent of households in Nigeria and other African countries own a computer. In...
The Centre of the Promotion of Private Enterprise says the suspension of the implementation of the Employment Expatriate Levy showed that President Bola Ahmed Tinubu’s administration...
The Canadian Dollar to Naira exchange rate in Nigeria’s informal currency trading circles, popularly known as the black market, has reached N1,153.469 as of March 10,...
The Euro to Naira exchange rate in Nigeria’s parallel market has experienced a significant increase, reaching N1,755.350 as of March 10, 2024. This development marks a...
Renowned global financial analyst, Goldman Sachs, has projected that the price of the dollar to the naira will soon drop to N1200. Naija News reports that...
Binance’s exit from Nigeria could potentially exacerbate youth unemployment in the country, according to experts and cryptocurrency enthusiasts. Naija News reports that the Cryptocurrency giant Binance...
The Naira may likely appreciate to N1,200 against the dollar in the next twelve months. This was stated in a Goldman Sachs report titled Nigeria- Turning...
Nigeria is poised to commence formal exportation of locally produced commodities to South Africa, Rwanda, Cameroon, and Kenya next month, marking a significant milestone under the...
The managing director/chief executive officer of Wema Bank Plc, Moruf Oseni has stressed the need for inclusion and equity for women in the workplace. He stated...
Lufthansa’s cabin crew union, the Independent Flight Attendants Organization (UFO), has announced a two-day strike impacting operations at two of Germany’s busiest airports, Frankfurt and Munich. ...
Goldman Sachs Analysts have forecasted that the Naira will appreciate N1200 per US dollar in twelve months. Goldman Sachs analysts, Andrew Matheny and Bojosi Morule disclosed...
Goldman Sachs has predicted that the naira will appreciate to N1,200 per dollar within the next 12 months. The global investment banker, which stated this in...
Nigeria’s total foreign trade, including exports and imports, surged by 24.9 per cent yearly, increasing to N69.81 trillion in 2023. This is according to combined reports...
Data privacy breach is a growing concern for Nigerians as more people fall victims to scammers and other criminals who mostly harvest their victims’ data through...
Clean energy company, Egoras Technology, has announced plans to launch its highly anticipated electric vehicle (EV) on April 28, 2024, marking a significant step towards sustainable...
The federal government has lamented that with over 76 per cent of the country’s gas reserves not developed, it will find it difficult to meet the...
The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, says the good of Nigeria is the uppermost priority of President Bola Ahmed Tinubu’s...
The National Bureau of Statistics says petroleum oils and oils obtained from bituminous minerals crude was the largest exported product in the fourth quarter of 2023....
The Naira continued its depreciation against the US dollar at the close of the official foreign exchange market on Friday, days after Binance’s discontinued Naira-denominated transactions....
The Nigerian government has inaugurated the Governing Council of the Midstream and Downstream Gas Infrastructure Fund to reduce the prices of Liquefied Petroleum Gas and Compressed...
Renowned ICT expert and savvy entrepreneur, JohnBull Igwe has emphasizes the transformative power of technology in reshaping our daily lives and fostering financial independence. He noted...
Nigerians numbering 31.5 million are projected to face acute hunger by the June-August 2024 lean season in 26 states and the Federal Capital Territory (FCT). Of...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has decried that only 18 per cent of the workforce in country’s extractive industry are women. The which made...
Less than 48 hours after the Seme border command of the Nigeria Customs Service (NCS), intercepted 400 sacks of grains on the verge of being smuggled...
The minister of Power, Adebayo Adelabu, has vowed to ensure that the electricity surge that left some people severely wounded does not reoccur. Adelabu who received...
The federal government has settled for fiscal incentives in the Oil and Gas Sector to attract investments. Special adviser (SA) to the President on Energy, Olu...
The Women Farmers Advancement Network (WOFAN-ICON) has provided Lab-ulance, a novel healthcare solution for Gwarimpa village’s farming community in the Federal Capital Territory (FCT). The project...
The minister of state for Petroleum Resources (Oil), Heineken Lokpobiri, has promised that the federal government would resolve the ownership dispute around the Atala oil field...
Recognising the growing importance of efficiently managed data centers and co-location infrastructure on the continent, Airtel Africa is launching NXtra, beginning with the site in Lagos....
The value of Nigeria’s total trade rose to N71.88 trillion in 2023, a 37.2 percent from N52.38 trillion in 2022, according to a new Foreign Trade...
The African Guarantee Fund (AGF), in collaboration with the Nordic Development Fund (NDF), will host the 9th Edition of the Green Finance Conference and Trainings in...
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), in collaboration with key stakeholders, has announced the temporary suspension of the recently enacted...
PU Exchange is set to unveil its highly anticipated Mobile Trading App, promising to redefine the way Nigerians engage with digital assets. With a user-friendly...
The National Bureau of Statistics, NBS, has named the Netherlands, India, Spain, Canada and France the top five export destinations for Nigerian products in the fourth...
The chief transformation and reputation officer at QNET, Trevor Kuna, has said that the jewellery industry was undergoing a transformation towards inclusivity, diversity, and sustainability as...
For refusing to allow them access to their working place at the control tower of the Nnamdi Azikiwe International Airport, Abuja, Air Traffic Controllers (ATC) have...
Major Energies Marketers Association of Nigeria (MEMAN) has expressed concerns on the impact of foreign exchange pressures on the petroleum products supply chain, particularly petrol. Specifically,...
Nigerian business mogul and Chairman of Heirs Holdings and the United Bank for Africa (UBA), Tony Elumelu, has said that he would take the same exact...
Executive Secretary, National Action Committee on African Continental Free Trade Area (NAC-AfCFTA), Mr. Olusegun Awolowo, on Thursday, has said the country was prepared to sign onto the AfCFTA...
The Central Bank of Nigeria (CBN) on Thursday, said overseas remittances into the country rose to $1.3 billion in February compared to $300 million in the preceding...
Nigerians in Wales may find sought-after job opportunities in various sectors, including healthcare, education, technology, finance, and skilled trades. In this report Ugo Aliogo, examines the experiences of...
The Major Energies Marketers Association of Nigeria (MEMAN), representing the major downstream marketers, has expressed concerns about the potential difficulties in the distribution and supply chain...
Major Energies Marketers Association of Nigeria says the exact landing cost of Premium Motor Spirit, known as petrol, and foreign exchange fluctuations, is why its members...
Amidst fluctuating economic conditions, the Nigerian parallel currency market, widely referred to as the black market, has seen the Canadian Dollar to Naira exchange rate reach...
The Euro to Naira rate, in the Nigerian foreign exchange market, has reached a new high in the parallel market, standing at N1,751.351 for a single...
The Central Bank of Nigeria says foreign portfolio inflow into Nigeria surged $2.3 billion in the first two months of 2024 compared to $3.9 billion recorded...
Unity Bank Plc has increased the prize money for winners of its flagship Entrepreneurship Development Initiative, known as Corpreneurship Challenge to N16 million per stream.This, it...
President Bola Tinubu has approved the indefinite suspension of the managing director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, alongside three executive directors of...
Some stakeholders in the oil and gas industry have expressed reservation over the hard stance of the Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri,...
The domestic airlines under the aegis of Airline Operators of Nigeria (AON) may clash with the ground handling companies over the upward review of the charges...
Decry delays in host community funds take-off The House of Representatives has directed the Federal Inland Revenue Service (FIRS) to embark on the recovery of...
Air Peace has gifted six Nigerians Return Tickets to London at the recently held Silverbird Man of the year Awards. The six Nigerians emerged winners of...
President Bola Tinubu has approved the reconstitution of the Board of the Nigeria Electricity Liability Management Company. Ajuri Ngelale, presidential spokesperson disclosed this in a statement...
The price of rice in Nigeria has seen a significant increase over the last decade, influenced by various factors including inflation, changes in government policies, importation...
The Nigerian Exchange market recorded gains on Thursday as investors’ stock gained N420 billion. The development followed an increase in the All-Share Index, ASI, which rose...
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first-fully digital bank, ALAT, has announced the re-launched of its state-of-the-art suite of Micro, Small and...
The House of Representatives has mandated its committees to investigate the non-remittance of N5 trillion to the Federal Government by some businesses operating in Nigeria. The...
The Nigeria Labour Congress, NLC, has called for “Market Hearing” on prices of food to enable the minimum wage committee to arrive at a reasonable salary...
The Nigerian black market exchange rate for the Euro to Naira peaked today, March 7, 2024, at N1,757.173. This surge underscores a significant appreciation of the...
The Australian Transaction Reports and Analysis Centre (Austrac), the country’s financial crime watchdog, has initiated an investigation into the compliance of UK-based online gambling firm Bet365...
The Central Bank of Nigeria has threatened to sanction all primary mortgage banks, Microfinance Banks and Development Finance Institutions in the country regarding the timely submission...
The Central Bank of Nigeria (CBN) has again raised the exchange rate for calculating Customs duties at the nation’s seaports by 1.1 percent after a few...
The Minister of Finance, Olawale Edun, says the printing of N22.7 trillion by the Central Bank of Nigeria in the name of a Ways and Means...
The House of Representatives on Wednesday passed for second reading a bill seeking to establish a National Tax Crimes and Oversight Commission to tackle revenue leakages...
The Nigerian stock market yesterday closed positive as the overall market capitalization gained N227 billion on sustained investor interest in Transcorp Power Plc and 17 others....
Business community has said the federal government’s expatriate employment levy will hurt foreign Direct Investments drive into Nigeria. The recent introduction of the Expatriate Employment Levy...
Oil and gas industry stakeholders and leading academics, on Tuesday, began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU), Amassoma,...
LAPO Microfinance Bank has rewarded 101 of its customers with cash prizes totaling N5 million in the season two of its Xpress Savings Promo which saw...
The supply of US dollars at the foreign exchange market plunged by 42 per cent to 168.98 on Wednesday, days after Binance announced the existence of...
The President of the Africa Development Bank (AfDB), Akinwumi Adesina, has said that the AfDB is, over a 10-year period, investing $25 billion in Africa’s agricultural...
Nigerian Ports Authority (NPA) has disclosed that it recorded unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF) of the Federation last year, as...
Plans $1bn for Tincan port reconstruction The Nigerian Port Authority (NPA) has posted an unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF)...
The Nigerian Air Traffic Controllers Association (NATCA) has decried what it called “the systematic migration from core mandates of agencies and proliferation of departments that have...
Kano generated N3.6bn in January, targets N10bn monthly The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that states’ Inland...
The Minister of Power, Adebayo Adelabu, has threatened to revoke the licenses of electricity distribution companies over the continued epileptic power supply nationwide. Adelabu disclosed in...
Electricity distribution companies (DisCos) risk having their licences revoked over the incessant power shortage nationwide. The Minister of Power, Adebayo Adelabu, said the ministry was deeply...