Delta State Government, Nigerian National Petroleum Company Limited and UTM Offshore Limited, on Tuesday, signed a shareholders agreement for the development of the first Floating Liquefied Natural Gas in Nigeria. This was... Read more »
On Sunday, Lagos State Governor Babajide Sanwo-Olu introduced a palliative program, the Lagos Market Trader Money, aimed at assisting low-income traders. The governor made this announcement while inaugurating a middle-level Fresh Food Agro Hub... Read more »
The Chartered Institute of Taxation of Nigeria (CITN), has said the government’s drive to increase tax to GDP ratio from 10.86 to 18 per cent is a step in the right direction.... Read more »
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has said that the corporation supports the Central Bank of Nigeria’s (CBN) efforts to strengthen the... Read more »
From 27.33 percent in October 2023, Nigeria’s headline inflation rate rose to 28.20 percent in November 2023. The National Bureau of Statistics disclosed this in its November consumer price index report. The figure... Read more »
Yesterday, Wednesday, December 13, the naira depreciated to N1,260 per dollar in the parallel market from N1,220 per dollar on Tuesday. Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian... Read more »
The Independent Petroleum Marketers Association of Nigeria has said the non-functional state of the Port Harcourt Refinery has pushed many marketers out of business. The body said this during the Port Harcourt... Read more »
The Central Bank of Nigeria (CBN) has again assured members of the public that it was addressing the reported cases of cash scarcity in some major cities across the country. The apex... Read more »
The Central Bank of Nigeria, CBN, has announced a stop to new loan applications under its development finance intervention funds scheme. The suspension signals a dramatic shift in the central bank’s stance... Read more »
The Central Bank of Nigeria, CBN, has suspended charges on cash deposits above the regulatory limits of N500,000 for individuals and N3,000,000 for corporate account holders. The new directive is coming against... Read more »