Business
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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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Niger State can feed Nigeria, Africa – Peter Obi
Obi insists that the main problem the country has is mismanagement at leadership level, pointing out that Belgium and Ukraine…
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Only 11 states can pay salaries without FG allocation, here’s why
Findings have disclosed that only 11 states in the federation can pay civil servants’ salaries without depending on budget allocations…
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How Glo Aims To Entertain Subscribers With Its New Service
Telecom giant, Globacom has introduced an exclusive comedy service offering a wide range of video content from popular Nigerian comedians,…
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E-Commerce for All: Jumia’s Role in Bridging the Digital Divide
E-commerce today has become as pervasive as universal languages and global trends. Yet, as far-reaching as this commercial phenomenon is,…
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Bitcoin rises after rapid climb to new record
Bitcoin rallied again on Wednesday in volatile trade, while ether jumped almost 10% as crypto mania continued to sweep through…
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NIN-SIM: How to retrieve your barred mobile phone numbers
The Nigerian Communications Commission has warned that the more than 40 million telephone lines, which were barred due to failure…
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Binance to depart Nigerian market amid regulatory conflict
Binance has said it will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in…
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JUST IN: Ghana Central Bank suspends FX licences of GTB, FirstBank
The Ghana Central Bank has imposed a suspension on the foreign exchange (FX) trading licenses of First Bank of Nigeria…
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Transcorp Power Plc shocks market with early listing on NGX
Transcorp Power Plc, a prominent player in Nigeria’s power generation industry, has surprised the market with its unforeseen early listing…
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Why we disconnected over 40 million telephone lines – telcos
Telecommunications companies report disconnecting over 40 million subscribers for non-compliance with Nigeria’s Subscribers Identification Module and NIN linkage policy, as…
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ICPC probes CBN, OAGF staff over alleged $3.4bn IMF missing loan
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has interrogated two Central Bank of Nigeria (CBN) officials and…
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MTN records 90% loss amid forex crisis
Africa’s telecom giant, MTN Group Ltd., has reported a staggering 90% decrease in its annual profit attributed to the ongoing…
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Oil & Gas : Nigeria gets 60% share of Afreximbank’s $30bn funding
The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in…
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Abuja power supply drops by 250MW as vandals destroy tower
Abuja power supply drops by 250MW as vandals destroy tower The Nigerian Transmission firm, Transmission Company of Nigeria on…
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MPC Meeting: CBN Plans Tough Sanctions for Banks
The Central Bank of Nigeria Governor, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in…
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NEDC to hand over 134 projects to Taraba Govt
The North-East Development Commission (NEDC) has said it will soon hand over to the Taraba State government the 134 projects…
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Energy Supply: FG unveils Light Up Nigeria Programme
Vice President Kashim Shettima, on Monday, unveiled the Light Up Nigeria programme in the South East, aimed at accelerating power…
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IKEDC generates highest revenue in Q3, Q4 2022 -NBS
The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the…
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Oil Production: P’Harcourt Refinery to Produce 2m litres of fuel daily – Minister
The Federal Government on Thursday said the Port-Harcourt Refinery would begin operations by producing two million litres of Premium Motor…
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Nigeria’s GDP grew by 3.46% in Q4 2023 — NBS
Nigeria’s Gross Domestic Product grew by 3.46 percent year-on-year in real terms in the fourth quarter of 2023, the National…
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