Business
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Cash scarcity hits Kaduna, Kano, Katsina
With barely two weeks until Christmas and the subsequent new year celebrations, getting cash in Kaduna, Kano and Katsina States…
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Nigeria spends $480m on importation of 3m tonnes of rice annually — NEPC
The Nigeria Export Promotion Council, NEPC, on Thursday described as unacceptable continuous spending of 480 million dollars on importation of…
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We’re investigating Air Peace alleged exploitative ticket pricing — FCCP
The Federal Competition and Consumer Protection Commission, FCCPC, says its inquiry into allegations of exploitative ticket pricing by AirPeace and…
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Max Air explains emergency landing after bird strike on Maiduguri-Abuja flight
Max Air has clarified the circumstances surrounding the emergency landing of its Flight VM1623, with registration number 5N-BBM, which returned…
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Senate slams power sector privatization, considers legislative reversal
The Nigerian Senate on Thursday criticized the privatization of the power sector, labeling it a failure, and threatened to introduce…
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Governor Dapo Abiodun presents N1.055trn 2025 appropriation bill to state house assembly
Ogun State Governor, Prince Dapo Abiodun, on Wednesday, presented the state’s 2025 Appropriation Bill of N1.055 trillion to the State…
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Sanwo-Olu Refutes Claims That Lagos Will Benefit Most from Tax Reforms
Lagos State Governor Babajide Sanwo-Olu has refuted claims that Lagos would be the main beneficiary of the proposed tax reforms.…
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Port Harcourt refinery operating at 70% capacity, Onanuga reveals
On Thursday, December 5, Bayo Onanuga, President Bola Tinubu’s Special Adviser on Information and Strategy, announced that the Port Harcourt…
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Nigeria starts firing workers with degrees from unaccredited schools in Benin Republic and Togo
On Wednesday, December 5, the Nigerian government confirmed that it has begun firing workers who hold degrees from unaccredited private…
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Low-Income Earners: PENCOM Allows Full Retirement Savings Withdrawal
In a move aimed at providing financial relief to low-income earners, the National Pension Commission (PENCOM) has announced a new…
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Bitcoin soars past $100,000 amid Trump’s pro-crypto revolution
In a historic milestone, Bitcoin’s value has shattered the $100,000 ceiling, surging to $102,554.52, amid a crypto-friendly wave sparked by…
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CBN directs banks to disburse efficient cash at ATM points, over the counter
The Central Bank of Nigeria, CBN, has directed Deposit Money Banks, DMBs, to ensure efficient cash disbursement to the general…
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Presidency speaks on ‘misconceptions’ about tax reform bills
The Presidency has dismissed allegations that the tax reform bills before the National Assembly were designed to impoverish certain regions.…
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Nigeria prices $2.2bn in 6.5-year, 10-year Eurobonds to finance budget deficits
Nigeria has successfully priced 2.2 billion dollars in Eurobonds maturing in 2031 and 2034 in the international capital markets. This…
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Several sections of Tinubu’s tax reform bill lack clarity – Pantami
Former Minister of Communications and Digital Economy, Prof. Isa Ali-Pantami, has lamented that several sections of the controversial Tax Administration…
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Port Harcourt refinery is still operational – PENGASSAN confirms
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reassured Nigerians that the Port Harcourt Refinery is…
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Reps direct CBN to delay retirement of 1,000 staff pending investigation
On Tuesday, December 3, the House of Representatives directed the Central Bank of Nigeria (CBN) to suspend the planned retirement…
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Tinubu, Ramaphosa to co-chair 11th Bi-National Commission
President Bola Tinubu will leave France on Monday for Cape Town, South Africa, to co-chair the 11th session of the…
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Port Harcourt refinery resumes full operations after brief scale down — MD
The Port Harcourt refinery has resumed full operations after a brief ”scaling down”, Mr Ibrahim Onoja, the company’s Managing Director…
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Access Bank strengthens Africa’s economic ties with Standard Chartered acquisitions in Angola, Sierra Leone
On Monday, December 2, 2024, Access Bank, Nigeria’s largest bank by assets, made a significant move to boost its presence…
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CBN governor urges Nigerian youths to stay amid economic reforms
Cardoso emphasized that the CBN is working to create an environment where businesses and individuals can thrive, stressing that every…
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NNPCL to further reduce PMS price – PETROAN president
On Friday, November 29, Billy Gillis-Harry, the President of the Petroleum Products Retail Outlet Owners Association (PETROAN), revealed that the…
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Ministry of Transportation hands over completed Port Harcourt-Aba rail section to NRC
The Federal Ministry of Transport has officially handed over the completed Port Harcourt-Aba section of the Eastern Narrow-Gauge Railway Project…
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Ngozi Okonjo-Iweala reappointed as WTO DG
Nigeria’s Okonjo-Iweala has been reappointed as the Director General of the World Trade Organisation (WTO). This is her second term…
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How I collected $400,000 on behalf of Emefiele – Witness
The seventh prosecution witness, John Adetola, in the ongoing trial of ex-governor of Central Bank, Godwin Emefiele, narrated how he…
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UK watchdog announces plans to fully regulate crypto by 2026
On Tuesday, November 26, the UK's financial watchdog revealed plans to introduce complete rules for cryptocurrency by 2026, as the…
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CBN raises interest rate to 27.50% in surprising move
On Tuesday, November 26, the Central Bank of Nigeria (CBN) made a big decision to raise its interest rate to…
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President Tinubu set to present ₦47.9 trillion 2025 budget to National Assembly
President Bola Tinubu will present the 2025 budget proposal to a joint session of the National Assembly on Wednesday, November…
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Port Harcourt Refinery Begins Operations
Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone…
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President Tinubu assures of greater economic output, welcomes third quarter GDP growth figure
President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released…
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More borrowing needed despite improved revenue by some agencies, Edun tells senate
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian government needs more borrowings to…
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Nigeria’s economy grows by 3.46% in third quarter of 2024 – NBS
On Monday, November 25, 2024, Adeyemi Adeniran, the Statistician General of the Federation, announced that Nigeria’s Gross Domestic Product (GDP)…
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Dangote Refinery reduces petrol price for oil marketers
Dangote Refinery has announced reductions in its price of Premium Motor Spirit, PMS, also known as petrol, for marketers. Dangote,…
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Nigeria has saved $20bn from subsidy removal – Edun
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the removal of petrol subsidy and…
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Kaduna makes history with groundbreaking free fertilizer distribution for women farmers
Governor Uba Sani made a big announcement on Friday, November 22, saying that Kaduna State has made history by carrying…
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Dangote refinery restarts crude oil imports from the US to boost production
On Wednesday, November 21, it was reported that Dangote Refinery has resumed importing crude oil from the United States in…
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House of Reps proposes N500 billion capital requirement for DisCos
The House of Representatives has proposed that electricity distribution companies (DisCos) must have a minimum capital base of N500 billion…
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FAAC: FG receives N1.141 trillion for October 2024 – here’s how it’s shared
On Wednesday, November 20, 2024, Nigeria’s three levels of government – federal, state, and local councils – shared a huge…
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CBN warns against fake SWIFT messages, vows to report fraudsters to law enforcement
The Central Bank of Nigeria (CBN) has issued a strong warning to the public about fraudulent individuals and organizations using…
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Tinubu seeks approval for ₦1.77 trillion loan to fund Nigeria’s 2024 budget
On Tuesday, November 19, 2024, President Bola Tinubu sent a formal request to the National Assembly, asking for approval to…
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