Business
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NNPCL refutes claims on adjusting fuel prices
The Nigerian National Petroleum Company Limited has denied claims that it has reduced the pump prices of petrol and diesel.…
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CBE recovers $10 million from system glitch $14 million loss
Commercial Bank of Ethiopia (CBE) has reportedly recovered around $10 million from customers who withdrew funds they did not own,…
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Public debt stock rises to N97.34tr in Q4 2023 – NBS
Nigeria’s public debt stock rose from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34…
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OBJ describes self “a mad man for agriculture,” link banditry, kidnapping to Unemployment
Former President Olusegun Obasanjo has linked the growing activities of bandits and kidnappers to the unemployment situation in the country.…
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FG to review oil firm’s plans on gas flaring
The Minister of State for Environment, Dr. Iziaq Salako, has stated that the ministry, in partnership with the National Oil…
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NCC insists on SIM-NIN deadline, telcos bar lines Friday
Telecommunication companies will disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) on Friday, March…
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Visa, Mastercard reach $30 billion settlement over credit card fees
Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings…
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MPC Meeting: CBN increases interest rate to 24.75%
The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This…
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Binance: FG contacts INTERPOL, soldiers held over Anjarwalla’s escape
The Federal Government, on Monday, said it has contacted the International Criminal Police Organisation and issued an arrest warrant for…
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CBN directs BDCs to sell dollar at N1,269
The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at…
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Tax Evasion: FG takes legal action against Binance
The Federal Government has taken legal action against Binance, a prominent cryptocurrency exchange platform with a four-count tax evasion accusation…
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NIN: Telcos Set For Next Round Of SIM Disconnections
Telecom operators in Nigeria are preparing for another possible wave of disconnections for subscribers who have not adequately linked their…
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Access Bank makes progress in NBK acquisition
Access Bank Group, a Nigerian financial services conglomerate, could acquire the National Bank of Kenya (NBK) from its parent company,…
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FAAC shares N 1.2trn to FG, States, LGs
The Federation Account Allocation Committee shared N1.152.trn to the three tiers of government for February 2024 from a gross total…
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FBN Holdings appoints 5 new directors
On Wednesday, the Chairman of FBN Holdings Plc announced the appointment of two new non-executive directors for the holding company…
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Manufacturers’ income tax falls by 6.85% in Q4’23
Reflecting the evident challenges experienced by manufacturing companies in Nigeria, the income tax payments by manufacturers decreased by 6.85 percent…
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Access Bank to acquire another Kenyan bank
Access Bank is on the verge of acquiring the National Bank of Kenya (NBK), a subsidiary of KCB Group, years…
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Petrol price stands at N679.36 in February – NBS
According to the National Bureau of Statistics (NBS), the average retail price of one liter of petrol rose from N263.76…
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CBN lifts FX restrictions on milk, other products
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. In a…
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Commercial Bank of Ethiopia loses $40 million to glitch, calls on students to return stolen cash
The staff of the Commercial Bank of Ethiopia (CBE) went into panic mode when they realized customers had access to…
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Nigeria’s oil, gas exploration rises 23%
The upward momentum in oil and gas exploration activities continued in February, with the rig count, a key indicator of…
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Revenue: FG, states, LGs allocations hit N10.14tn
The revenue allocations from the Federation Account, distributed among the three tiers of government in 2023, amounted to N10.14 trillion.…
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N30trn Ways and Means: Senate urges banks to go after loan defaulters
The Senate Ad-hoc Committee, probing the N30 trillion Ways and Means, remained resolute on Tuesday in its call for the…
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Alleged Market Manipulation: EFCC obtains order to track Nigerians transacting on Binance
The Federal High Court in Abuja, on Monday, ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission…
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Access Bank launches YouThrive initiative for MSMEs
Access Bank, Nigeria’s most popular bank, has launched the “YouThrive” initiative which targets to empower 700,000 Micro, Small and Medium…
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Stock market retains bull trend as Investors gain N2.1trn
Despite mixed sentiment in the market, the gains surpassed the losses, leading to a surge in the NGX market capitalization.…
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CBN resumes Agric Funding with N100bn
The Central Bank of Nigeria (CBN) has resumed its funding intervention for agriculture sector apparently in response to the challenges…
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Tinubu’s govt plans fresh borrowing in June
The Nigerian Federal Government has engaged the services of prominent global investment banks, such as Citibank NA, JPMorgan Chase &…
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FG, OPEC at logger heads over Nigeria’s oil production
The Nigerian government and the Organisation of Petroleum Exporting Countries (OPEC) are at logger heads over Nigeria’s average daily crude…
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Air passenger traffic rose by 17% in Jan – IATA
The International Air Transport Association has revealed that global flight passenger demand, as measured by revenue passenger kilometers, increased by…
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Crude oil output slumps 7% to 1.3m bpd
Nigeria’s crude oil output, excluding condensate, dropped month-on-month, MoM by seven per cent to 1.3 million barrels per day, bpd…
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KEDC embark on strike over Unremitted Pension, Non-payment of benefits, others
Residents of Kaduna, Sokoto, Zamfara, and Kebbi state are thrown into darkness as workers of the Kaduna Electricity Distribution Company…
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Revoke licenses of non-performing Discos – FG
The Federal Government has ordered Nigerian Electricity Regulatory Commission, NERC, to revoke the licenses of electricity distribution companies, DISCOs, and…
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Oil up as Middle East tensions persist, demand concerns cap gains
Oil prices rose in Tuesday’s trade as geopolitical tensions in the Middle East continued to spur concern, but gains were…
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Presidential Palliative Programme: FG roll out Conditional Grant Scheme for Traders
The Federal Government says it has rolled out a Presidential Conditional Grant Scheme to empower nanobusinesses as part of the…
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Crude Oil Theft: NNPCL rallies EFCC to tackle Menace
The Group Chief Executive Officer of the NNPCL, Mele Kyari had contended that going by the volume of oil stolen…
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IWD: There are 23 million female micro-business entrepreneurs in Nigeria, support them – Peter Obi
The Presidential Candidate of the Labour Party in the 2023 election, Peter Obi, has stated that there are 23 million…
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Nigeria to commence commodity exports to S’Africa, Rwanda, others
The national centre of the African Continental Free Trade Area (AfCFTA) revealed on Thursday that Nigeria will initiate the formal…
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CBN reports 433% upsurge in remittances to $1,3bn in Feb
The Central Bank of Nigeria (CBN) has announced a 433% increase in Diaspora remittances, rising to $1.3 billion in February…
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Oil & Gas Export: Ministry of Finance committed to partner with CBN – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reiterated the ministry’s commitment to partner with…
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