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...
Ethiopia’s largest commercial bank, the Commercial Bank of Ethiopia (CBE), finds itself in a challenging situation as it works to recover substantial amounts of money withdrawn...
The Naira has been reported to have continued to strengthen at the official window ending on a stronger note compared to its performance at the parallel...
The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, on Monday, has supervised the signing of a Memorandum of Understanding (MoU) between the ministry and...
In today’s competitive job market, having a diverse skill set can give individuals a significant advantage. Women have always been vital in driving progress and improving...
The domestic stock market yesterday started the week in negative territory as the overall capitalization declined by N238 billion. The All-Share Index (ASI) lost 421.91 points,...
The National President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar Maigandi, has hinted on a slight reduction in the pump price of petrol....
Justice Emeka Nwite of a Federal High Court in Abuja has ordered Binance Holdings Limited to provide a comprehensive data or information of all persons from...
Naira revaluation pushed Nigeria’s total imports to N35.9 trillion in 2023 from N25.5tn recorded in 2022. This is according to the National Bureau of Statistics combined...
The Debt Management Office (DMO) said it raised N588.85 billion from the March 2024 Federal Government (FGN) Bond offer which it opened last week, slightly more...
Not less than 19 top officials in the Central Bank of Nigeria(CBN) have been retired in a move by the Dr Olayemi Cardoso-led apex bank at...
APM Terminals’ West Africa Container Terminal (WACT) has achieved a significant milestone with the official commissioning of its new Container Freight Station (CFS) at Onne Port,...
The Centre for the Promotion of Private Enterprises (CPPE) has disagreed with House of Representatives members over recent remarks on the rising cement price, which it...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) have forecasted a slight decrease in the retail price...
Ghana’s National Communications Authority has stated that repair and full-service restoration of the damaged subsea cable causing internet disruptions across West and Central Africa could take...
The naira, on Monday witnessed a depreciation, trading at N1,610 against the dollar in the parallel market. This marks a 0.63 percent decline from the N1,600/$...
The Economist Intelligence Unit (EIU) has predicted that the Naira would depreciate to N2,381 per dollar. The firm explained that continued high inflation, deficit monetisation, negative...
For the second time in seven days, the Central Bank of Nigeria (CBN) has slashed the exchange rate for computing Customs duties at the nation’s seaports...
There is anxiety among the management staff of the Central Bank of Nigeria as 19 directors have been issued termination letters. According to the Nation, while...
The Central Bank of Nigeria, CBN, has N2.126 trillion in unpaid funds from its intervention programme, which has remained unpaid since 2018. This is according to...
The newly appointed Vice Chairman of Real Estate Developers Association of Nigeria (REDAN), Abuja Chapter, Dr Gbadewole Kayode, has emphasised the need for members to be...
Uber has reached a settlement agreement amounting to $178.3 million in Australia to resolve a lawsuit filed by taxi operators and drivers, as confirmed by Maurice...
The Canadian Dollar (CAD) in the foreign exchange market is experiencing significant trading activity. As of today, the ‘Aboki’ rate, a term referring to the informal...
The price of palm oil, a staple commodity in both culinary and industrial sectors, is witnessing a notable upswing. As of today, the cost of this...
A report has indicated that the Federal Government through the Nigerian National Petroleum Company Limited (NNPC Ltd) is now spending N17.72 billion daily to fund subsidy...
The price of eggs, a staple protein source for many, in the Nigerian market, has seen variations influenced by a myriad of factors. The Nigerian government...
The Central Bank of Nigeria has reviewed its exchange rate for cargo clearance downwards by N18.87 to N1593.41 per US dollar amid the continued appreciation of...
A Lagos-based tech analyst who has interest in cryptocurrency growth, Mr. Bright Johnson has advised the federal government to release two Binance executives, detained while trying...
The Central Bank of Nigeria has insisted that its 2.15 million bags of fertilizers donated to the Federal Ministry of Agriculture and Food Security are free...
The VC of Nasarawa State said the university will provide an enabling environment for the newly established Capital Market Studies institute to thrive. The National Assembly, the Nigerian Exchange Group (NGX), Securities and Exchange...
Nigeria’s federal government is expected to raise the Value Added Tax (VAT) to 15 per cent from the current 7.5 per cent by 2027 to enable...
The Nigerian Federal Government is in talks with the World Bank to complete the processes of obtaining over $1 billion loans to address the challenges facing...
The underwater cable cut in the Atlantic Ocean has trapped several thousand of cargoes at the nation’s seaports, LEADERSHIP can authoritatively report. This has, however, disrupted...
Manufacturers input costs are rising the most in 10 years since the records began in 2014 as the FX crisis worsens, data from the Stanbic IBTC...
The National Commissioner, Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has ordered a full-scale investigation in respect of allegations of unauthorised access to the personal...