First Bank of Nigeria Limited has taken a significant step in its leadership structure by appointing Mr. Olusegun Alebiosu as the Acting Chief Executive Officer, effective...
The Central Bank Governor, Yemi Cardoso, proudly announced that the Naira has achieved the prestigious status of being the best performing currency worldwide as of April...
The Board of Directors of First Bank has announced Segun Alebiosu, Executive Director and Chief Risk Officer of First Bank, as the acting Managing Director and...
Transcorp Power Plc (Transcorp Power) has announced a 775 per cent Profit Before Tax (PBT) in the first quarter of 2024 with profit rising from N3.29...
First Bank of Nigeria (FBN) has appointed Olusegun Alebiosu as its acting managing director with effect from April, 2024. The Bank stated this in a release...
The Nigerian Government is set to receive around $2.2 billion single-digit interest loan from the World Bank. The Minister of Finance, Wale Edun, disclosed this on...
Strong indications have emerged that the apex regulator of Nigeria’s upstream oil sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has moved to avert any potential...
The Air Transport Service Senior Staff Association of Nigeria, ATSSSAN, has threatened to ground aviation operations in Nigeria over the Federal government’s 50 per cent internal...
FBN Holdings Plc, which announced the retirement of the Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Adesola Adeduntan, has announced the cancellation of its...
Vice President Kashim Shettima has expressed optimism that the naira will appreciate more as the dollar continues to crash. The vice president has also urged Nigerians...
The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Transfer Organisations (IMTOs) to double the flow of remittance to Nigeria in...
The Port Harcourt Refining Company (PHRC) is on the brink of commencing production, with oil marketers gearing up to load refined petroleum products, as confirmed by...
Federal government is expected to generate $4 billion annually from trading about 50 million barrels on Nigeria’s commodities exchange. The exchange plans to offer crude oil...
Vice President Kashim Shettima has expressed optimism about the performance of Nigeria’s currency, the Naira, at the forex market, saying it will appreciate more as the...
The group chairman/chief executive officer of Homeland Integrated Offshore Services Limited and Welled Healthcare Limited, Dr Louis Ekere, has been inducted as the Vice President of...
The Nigerian Naira experienced a significant depreciation in the parallel foreign exchange market, ending its previous trend of appreciation. On Friday, the currency fell to ₦1,230...
The Nigerian Naira on Friday experienced a decline at the official exchange window, trading at ₦1,169.99 against the American dollar. According to the official trading platform...
Oil production in Nigeria has received a boost with the Nigerian National Petroleum Company Limited (NNPC) and its Joint Venture partner in Oil Mining Licence (OML)...
The Federation Account Allocation Committee (FAAC) distributed a substantial sum of ₦1.123 trillion from the March 2024 Federation Account revenue to the federal, state, and local...
The Central Bank of Nigeria (CBN) appeared to have finally subdued arguably one of the most gruelling and the multi-faceted attacks on the Naira in recent...
The Managing Director of First Bank Nigeria Limited, Dr. Adesola Kazeem Adeduntan, has resigned from the bank after leading the institution for three terms. In a...
The Kulen Allah Cattle Rearers Association of Nigeria, KACRAN, has called on President Bola Ahmed Tinubu to consider increasing the annual budget of the North-East Development...
The Energy Commission of Nigeria (ECN) in collaboration with and the United Nations Environmental Programme (UNEP) have indicated interest to partner with LEADERSHIP Media Group to...
Three revenue Generating Agencies: Nigerian Upstream Petroleum Regulatory Commission (NUPRC); Nigeria Customs Services (NCS) and the Federal Inland Revenue Service (FIRS) have collected the sum of...
The shareholders of Access Holdings Plc have approved the Group’s plan to establish a capital raising programme of up to $1.5 billion as well as the...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have...
The Nigerian National Petroleum Company Limited, NNPCL and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited, First E&P, have commenced...
Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has revealed that the federal government has commenced the distribution of a ₦200 billion grant to bolster nano...
Chairman of the Independent Corrupt Practices and other related offences Commission (ICPC), Dr. Musa Adamu Aliyu, has assured the Federal Inland Revenue Service (FIRS) that the...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the Bola Tinubu-led Federal Government has not borrowed from the Central Bank...
The Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture (JV) partner, First Exploration and Petroleum Development Company Limited (First E&P), have announced the commencement...
The Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture (JV) partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have...
The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude oil supply from the United States,...
Recent weeks have seen a welcome decrease in the prices of various foodstuffs across Nigeria, a trend analysts attribute to the strengthening of the Nigerian naira...
The owner of micro-blogging site, X, Elon Musk, has warned users against indulging in engagement farming. Musk threatened to suspend any account discovered if corrective action...
The Central Bank of Nigeria (CBN) has so far spent $581 million on foreign exchange interventions at the Nigeria Autonomous Foreign Exchange Market this year, data...
The Nigerian Ports Authority (NPA) has restricted terminal operators from screening export containers at their various gates from 1st of May, 2024. This, it said, is ...
The Lagos Chamber of Commerce and Industry (LCCI) has issued a warning that the soaring food prices in Nigeria may persist if global supply chain disruptions...
The Nigeria Sovereign Investment Authority (NSIA) has charted its course for 2024, outlining strategic priorities aimed at bolstering its foundational operations, workforce, and overall effectiveness. the...
The federal government, through the Presidential Compressed Natural Gas Initiative (P-CNGi) is partnering with Bovas Group to convert vehicles of mass transit operators as well as...
The President of Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has urged the Central Bank of Nigeria (CBN) to continue its Foreign exchange market’s...
Minister of Finance, Wale Edun, has said that the Nigerian Government issued N8 trillion in government security, known as treasury bills, to stabilize and boost the...
Naija News Oil Prices Increases As Israel-Iran Conflict Deepens */ .loader { width: 25px; aspect-ratio: 1; border-radius: 50%; border: 4px solid black; animation: l20-1 0.8s infinite...
The price of Brent crude is now $90.54 per barrel, up from $87 days after the war between Israel and Iran escalated. Oil prices jumped more...
The Nigerian Electricity Regulatory Commission, NERC, says the federal government needs to provide N3.2 trillion in subsidies in 2024 to reverse the recent electricity tariff hike....
A recent survey has revealed a significant decrease in the prices of paddy across various grain markets in Nigeria, signaling relief as the dry season harvest...
The Revenue Mobilization Allocation and Fiscal Commission has said that N7.3 trillion was remitted into the Federation Account in the last six months of 2023, indicating...
The Director General/Chief Executive, Standard Organisation of Nigeria (SON), Dr Ifeanyi Chukwunonso Okeke, has asked block makers, cement producers and building engineers to maintain standards in...
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has stated that the country is ready to transform wasted energy into productive...
As Nigerians anticipate a drop in cement prices following recent reductions in other commodity costs, the high price of cement continues to impact the real estate...
The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market. FMDQ data showed that the naira tumbled to...
The governor of the Central Bank of Nigeria, Olayemi Cardoso, says continued liquidity in the foreign exchange market will sustain naira’s appreciation. Cardoso disclosed this on...
Naija News CBN Speaks On Selling Forex To BDCs At ₦1,001/$1 */ .loader { width: 25px; aspect-ratio: 1; border-radius: 50%; border: 4px solid black; animation: l20-1...
The management of Landmark Africa has revealed that it was not consulted before the Federal government commenced plans to take over the beach for the Lagos-Calabar...
As the financial markets grow increasingly complex, traders are constantly on the lookout for more straightforward and aggregated ways to engage with the vast opportunities they...
The Central Bank of Nigeria, CBN, has reduced deposit money banks’ Loan-to-Deposit Ratio, LDR, to 50 per cent from 65 per cent to boost lending capacity....
The Organised Private Sector (OPS) has warned that more than two-thirds of private businesses in Nigeria are at risk of shutting down due to increased operating...
Snapping eight consecutive sessions of losses, the domestic equities market posted a N57 billion rebound, supported by investors’ demand for FBN Holdings (FBNH) Plc and 16...
In Nigeria, the demand for cooking gas has surged, not only for culinary purposes but also as an alternative power source for generators. This growing trend...
In a significant victory for civil society, the Stakeholder Democracy Network (SDN) has secured key commitments from lawmakers to address long standing issues in the oil...
The 16th season of DiamondXtra, a savings and reward account where customers of Access Bank are rewarded with several prizes, have been unveiled in Lagos.The Season...
The Nigerian Ports Authority (NPA) has negotiated a loan of $700 million from Citibank to be funded by the UK Export Finance (UKEF) , an export...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves. The development will see the Naira appreciate further...
The Centre for the Promotion of Private Enterprise has explained that the impact of Naira appreciation may not be immediate on cargo imports because of the...
The Federal Competition and Consumer Protection Commission (FCCPC), Wednesday vowed to protect consumers amid the escalating costs of goods and services despite recent appreciation of the...
The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De Change (BDC) operators were buying dollars at N980/$ at the open market...
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, reiterated the apex bank’s stance of not intervening in the foreign exchange...
The Nigerian Ports Authority has secured a $700 million loan from Citibank and funded the United Kingdom Export Finance to rehabilitate the Apapa and Tincan Island...
The Naira, yesterday, depreciated to N1,105 per dollar in the parallel market, from N1,100 per dollar on Tuesday. Recall that Naija News earlier reported that the...
The Nigerian Government has insisted that fuel subsidy has been removed. The Federal Government faulted former Kaduna State governor, Nasir El-Rufai, and the Independent Oil Marketers...
The CEO of Rainoil Limited, Gabriel Ogbechie, disclosed that the Nigerian government has resumed the controversial payment of fuel subsidies, now estimated at about N600 billion...
As CBN lowers banks’ loan-to-deposit ratio to 50% Monetary tightening by the Central Bank of Nigeria (CBN) in a bid to curb stubborn inflation is...
The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has said that it was not the intention of the apex bank to defend...
Raymond Okongor, the chief security officer to a Chinese firm that deals with splitted white wood in Efii, Okuni community, Ikom Iocal government area of Cross...
The naira has appreciated by N75.4 against the US dollar in a single day to bounce back in the foreign exchange market. FMDQ data showed that...
The Central Bank of Nigeria (CBN) has reduced the Loan-to-deposit ratio (LDR) of banks to 50 per cent from 65 per cent. The apex bank made...
Africa’s leading B2B event servicing company, Eventhive.ng, has announced the return of its annual Nigeria Fintech Forum in 2024. The 2024 edition of the event...
A Nigerian lady has tearfully taken to social media to share her harrowing ordeal after her trusted boyfriend vanished, absconding with the entire hard-earned savings she...
President Bola Ahmed Tinubu has commended the Dangote Group over its recent price reduction of Automotive Gas Oil (AGO), also known as diesel. Ajuri Ngelale, Special...
President Bola Tinubu has commended Dangote Oil and Gas Limited in reducing the pump price of Automotive Gas Oil (AGO), also known as diesel. The Group...
The International Monetary Fund (IMF), has forecasted that Russia’s economy will outpace all advanced economies, including the US, this year. The IMF anticipates a growth rate...
Amid efforts by President Bola Tinubu to revive the country’s plummeting economy, the International Monetary Fund (IMF) has listed Nigeria among global emerging markets and developing...
Nigeria’s foreign exchange reserves plummeted to $32.29 billion amid the Central Bank of Nigeria’s efforts at defending the Naira and dwindling crude oil revenue. Data from...
The International Monetary Fund (IMF) on Tuesday raised Nigeria’s 2024 economic growth forecast from the three per cent it had previously estimated, to 3.3 percent. The...
Following the recent announcement of its business recovery plan, Nigerian Breweries Plc, on Tuesday, officially announced on the Nigerian Exchange Limited (NGX) its plan to temporarily...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that Nigeria lost $34 billion in the last two and a half years due to...
In a move that has been described as ‘unprecedented,’ the Dangote Petroleum Refinery on Tuesday announced a further reduction of the price of diesel from N1,200...
Starlink has issued a warning via email to its South African users saying that their internet access would cease on April 30. The email stated that...
Kwara State Governor, Alhaji AbdulRahman AbdulRazaq on Tuesday said the administration is always open for partnerships and engagements that attract investments and pave the way for...
The Naira recorded a marginal depreciation against the Dollar in the foreign exchange market for the first time since March 2024 amid the decline of FX...
The Nigeria Civil Aviation Authority (NCAA), has suspended the permits of three private jet companies for violating the terms of their permits and using their planes...
Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Tuesday clear the air over the purported crisis between it and other unions stating that it...
Nigeria’s foreign exchange (FX) reserve has plunged by approximately $2.16 billion in 29 days, amidst the Central Bank of Nigeria’s (CBN) robust efforts to stabilise the...
The chief executive of Economic Associates, EA, Dr Ayo Teriba, has said the recent Naira appreciation will impact the country’s inflation between three to six months....
Fidelity Bank Plc. has released its 2023 full year Audited Financial Statements, reporting a profit after tax of N99.5 billion representing a 112.9% annual growth. According...
Dangote Petroleum Refinery has announced a further reduction in the price of diesel. A few weeks ago, when it commenced operation, Dangote Petroleum Refinery pegged the...
In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. In a Tuesday...
Dangote Petroleum Refinery has announced a reduction of the price of diesel from N1200 to N1,000 per litre. In a statement, the refinery said it supplied...
The International Monetary Fund has adjusted Nigeria’s economic growth forecast to 3.3 per cent in 2024. The revised forecast for April was disclosed on Tuesday in...