The Nigerian National Petroleum Company Limited (NNPC Ltd) has deactivated 6,409 illegal refineries in the Niger Delta region. The Group Chief Executive Officer of the company,...
Neveah Limited has announced a substantial salary increase for all its employees to cushion the prevailing harsh economic condition in the country. This unconventional move came...
Workers of Kaduna Electricity Distribution Company have withdrawn their services over alleged unjust treatment and other industrial disputes. The workers, under the aegis of the National...
The Nigerian Content Development and Monitoring Board (NCDMB) experienced a disruption in its industrial harmony on Tuesday when the Petroleum and Natural Gas Senior Staff Association...
The turnover of US Dollar transactions at the official foreign exchange market plunged by 64.31 per cent to $96.13 million at the close of work on...
Nigerian Breweries Plc has notified its distributor that it would increase prices of its products on March 15, 2024. The latest notice, which was issued on...
Nigeria’s used vehicle imports increased by 226.46 per cent to N1,063 trillion in 2023 compared to N325.05 billion recorded in 2022. The National Bureau of Statistics...
The minister of Power, Adebayo Adelabu, has recommended capital punishment for any offender arrested in connection with the practice. The minister expressed worry over the spate...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has debunked reports that it was indicted by an Audit Report for non-remittance of funds into the Federation Account....
The International Civil Aviation Organization (ICAO), on Monday, began the security audit of the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport...
DealMakers AFRICA is proud to host, for the first time in Lagos, Nigeria, the Mergers & Acquisition Awards for 2023 to celebrate the achievements of the...
The Nigerian currency, the naira, witnessed a notable appreciation against the US dollar in both the parallel and official sections of the foreign exchange (FX) market...
The Nigerian Government says plans are underway to ramp up power generation to 6,000 megawatts in the next three to six months to solve the drop...
The price of cement in Nigeria fluctuates due to a variety of factors that influence both the rise and fall of its market price. Naija News...
Eko Electricity Distribution Company (EKEDC) has reiterated its stance to go to the full extent of the law against vandalism of its equipment, illegal connection, and...
The United Nations Global Compact Network Nigeria (UNGC) alongside stakeholders in the fight for gender equality have advocated for more investment in women. The agency made...
Ecobank Transnational Incorporated (ETI) has signed a $250 million senior unsecured bridge-to-bond loan facility to support trade finance and the general corporate purposes of the group....
Recognising the pivotal role of technology in economic development, the Kaduna state government has engaged experts to identify opportunities for integrating technology across various sectors in...
The director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has vacated his position and handed over to the executive director,...
The Independent Petroleum Producers Group (IPPG) wholeheartedly endorses the recent Executive Orders signed by President Bola Ahmed Tinubu, aimed at revitalising investment in Nigeria’s oil and...
Digital finance platform, i-invest, has launched a savings initiative for women to boost their financial literacy. The new product was launched in celebrating International Women’s Day...
Bangladesh and Nigeria have strengthened defence cooperation in order to promote trade, education and especially to deepen investment in the textile industry which Nigeria urgently wants...
The Nigeria Data Protection Commission (NDPC) has signed Memoranda of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aimed at promoting...
The Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks and other authorised dealers over persistent use of...
The Minister of Power, Adebayo Adelabu has stated the power sector is in crisis and the government is trying its best to bring normalcy to it....
Dr. Bashir Jamoh, on Tuesday bowed out as the Managing Director of the Nigerian Maritime Administration and Safety Agency (NIMASA) following the expiration of his tenure...
In this exclusive interview with Daily Trust, Transcorp Power Non-Executive Director, Risqua Murtala Mohammed speaks about the recent listing of the Transcorp shares on the floor...
The Kaduna State Internal Revenue Service (KADIRS) has inaugurated the state joint revenue committee to enable it to meet Governor Uba Sani’s revenue target of N120...
The director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has handed the affairs of the regulatory agency to the Executive Director,...
Michael Agboro, a Federal Government witness in the trial of former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on corruption charges has admitted...
Despite efforts to stabilize cement prices in Nigeria through agreements between the federal government and cement manufacturers, the cost of a 50kg bag of cement continues...
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...