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...
The Nigerian Ports Authority (NPA) has announced a $1 billion reconstruction plan for the Tincan Island Port Complex and the comprehensive rehabilitation of the Apapa, Rivers,...
Former Deputy Governor (Financial Stability) of the Central Bank Nigeria (CBN), Kingsley Moghalu, has urged the Nigerian federal government to consider taking up a $20-30 billion...
The Stakeholders in the Blockchain Technology Association of Nigeria (SiBAN) has sought collaboration with the Federal Government in regulating Virtual Assets Service Providers (VASP). This call...
With the multidimensional challenges affecting the manufacturing sector in Nigeria, the Manufacturers Association of Nigeria (MAN) has revealed that 767 manufacturing companies were shut down in...
President Bola Tinubu has congratulated Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), on the award of the prestigious Obafemi Awolowo Prize for Leadership....
The world’s most popular cryptocurrency, Bitcoin, saw its price soar to a new all-time high record of $69,170.63 on Tuesday afternoon. The new pricing exceeded the...
AstraZeneca, a leading global pharmaceutical company, has secured the prestigious Top Employer and Best Place to Work certifications across key African markets, setting the standard for...
The Canadian Dollar (CAD) has reached an unprecedented rate against the Nigerian Naira (NGN) in the informal currency trading market, commonly referred to as the black...
The Euro has reached a new high against the Nigerian Naira in the black market, trading at an astonishing rate of N1,739.973. This latest figure represents...
International organizations, Centre for Research on Multinational Corporations (SOMO), Stakeholders Democracy Network (SDN) and others have urged the federal government to stop the divestment plan by...
The Naira on Tuesday, was reported to have made a U-turn from its gaining streak as it depreciated at the official window after recording gains for...
FBNBank Ghana and GTBank Ghana on Tuesday, assured their respective customers that were working with the Bank of Ghana to address issues that led to the...
At least 767 manufacturers shut down business, while 335 became distressed in 2023. The Manufacturers Association of Nigeria, MAN, Director General, Ajayi Kadiri, disclosed this in...
Despite the Nigeria Liquified Natural Gas (NLNG) Limited confirmation that it supplies 1.5 million metric tons of LPG to the Nigerian domestic market, many users of...
As controversy trails the newly introduced Expatriate Employment Levy (EEL) of $10,000 and $15,000 for staff and directors, respectively, the Manufacturers Association of Nigeria (MAN) has...
Schneider Electric, global leader in energy management and automation, has proffered solution to adoption of electrification projects in Rural West Africa region as it grapples with...
The removal of fuel subsidy and other policies implented by President Bola Tinubu in the last nine months has seen the price of commodities in the...
GE Vernova, a purpose-built company driving electrification and decarbonisation, has restated its commitment to accelerating Nigeria’s sustainable energy transition journey. The firm is going to do...
With the current hardship in Nigeria, starting a business with a budget of less than 100,000 Naira (about $240 USD) is feasible and can be quite...
Traders have 48 hours to withdraw naira Crypto trading platform, Binance, has advised Nigerians trading on its platform to withdraw all their naira assets as...
The National Information Technology Development Agency (NITDA), has unveiled the second phase of the Nigerian e-Government Master Plan, towards ensuring a seamless and inclusive access to...
Says budget should be subject to forensic audit Former Deputy Governor (Financial Stability) of the Central Bank Nigeria (CBN), Kingsley Moghalu has urged the federal government...
The Nigeria Cassava Growers Association (NCGA) has stated that Nigeria loses more than $200m annually for not implementing the plan that would have seen cassava products...
The House of Representatives on Tuesday invited the Minister of Blue Economy, Gboyega Oyetola and his counterpart in the Transport ministry, Saidu Alkali over alleged fraudulent...
Making bread with cassava flour is an excellent alternative for those seeking gluten-free options or looking to experiment with different flour types. Cassava, also known as...
Binance, a cryptocurrency platform, is not licensed to operate in Nigeria. Obinna Iwuno, the President of the Stakeholders in Blockchain Technology Association of Nigeria, SiBan, disclosed...
Africa’s richest man and the President of Dangote Group, Aliko Dangote, plans to set up an oil trading firm in London as part of strategies to...
Social media users have complained about abrupt loss of access to their Instagram and Facebook accounts on Tuesday evening, LEADERSHIP has learnt. Down Detector, an internet...
Binance, a cryptocurrency trading platform, has said that it will discontinue all Naira services by March 8, 2024. This is coming on the heels of the...
With an estimated 70 per cent of financial crimes in Nigeria traceable to the banking sector, the Economic and Financial Crimes Commission (EFCC) has urged bank...
The CEO of Confederated Facilitators Limited, Lai Omotola, has said that although the Nigerian government has put in place policies to combat the economic hardship currently...
Binance has announced its decision to halt all services in naira, effective March 8, 2024, following increased regulatory scrutiny and clampdowns by the federal government over...
Cryptocurrency giant, Binance Holdings Ltd, has announced that it will leave the Nigerian market and discontinue all its services for the naira. Naija News reports that...
To enhance easy access to justice for Nigerians through technology, a non-governmental organisation (NGO) committed to social justice and legal advocacy, Citizens’ Gavel, has launched the...
Applying for a UK visa involves a series of steps that require careful attention to detail. Whether you’re planning to visit, study, work, or live in...
Calculating the number of blocks required for building construction involves several steps. These calculations are based on standard block sizes and construction practices. Let’s use a...
The Naira on Monday recorded gain for a fourth consecutive day at the official window but has however taken a dip at the parallel market. The...