Purpledove is proud to announce the launch of its innovative ERP solution, designed specifically for Nigerian and African enterprises. This cutting-edge system addresses the unique challenges of doing business in the region,... Read more »

The Nigerian Deposit Insurance Corporation (NDIC) has disclosed that 99 per cent of Heritage Bank depositors have total balances of less than N5m. The Managing Director of the NDIC, Bello Hassan, made... Read more »

Nairametrics can confirm that First Bank has received the full repayment of a “N456 billion loan” extended to Heritage Bank. This recovery is part of a “bailout loan” arranged during the tenure... Read more »

Aviation Unions have opened barricaded airport terminals, following suspension of an indefinite strike by the Nigerian Labour Congress, NLC, and Trade Union Congress, TUC.Francis Akinjole, General Secretary of Air Traffic Services Senior... Read more »

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Federal Government is offering businesses including manufacturers in the country credit facilities up to ₦1bn at a 9%... Read more »

The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect. Hakama Sidi Ali, Acting Director, Corporate Communication at the apex bank, announced this in a... Read more »

The federal government has launched the Enugu State edition of the Nigerian Investment Certification Programme for States (NICPS). The government through the Nigerian Investment Promotion Commission (NIPC) designed the programme to prime... Read more »

First Bank Nigeria Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion... Read more »

Nigeria may add 480,000 barrels to its daily crude oil output as the Nigerian National Petroleum Company Limited and ExxonMobil took a step towards resolving the disagreement surrounding the sale of the... Read more »

Diaper and sanitary pad manufacturer, Kimberley Clark will soon announce an imminent shutdown of its Ikorodu production facility two years after investing $100 million in Nigeria. Sources within the company informed Nairametrics... Read more »

Governor Babajide Sanwo-Olu of Lagos state has reiterated his commitment to make the state a safe haven for investments through the reform of the justice sector.Speaking on Monday at the opening ceremony... Read more »

The complete list: The Central Bank of Nigeria dismisses 14 directors Clement Oluranti Buari, Director, Strategy Management Dr Blaise Ijebor, Director, Risk Management Lydia Ifeanyichukwu Alfa, Director, Internal Audit Jimoh Musa Itopa,... Read more »

– Demands over N100 Billion as relief. One of Nigeria Prominent Business Magnates and Group Chairman of First Bank Plc ; Mr Femì Otedola has dragged Zenith Bank Plc and Jim Ovia,... Read more »

The Governor of Central Bank of Nigeria, Mr. Olayemi Cardoso has urged the citizens to be patient over the fight against current inflation and hike in food items in the country. Cardoso disclosed... Read more »

The monetary policy committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 24.75 percent to 26.25 percent. On May 15, Nigeria’s inflation rate rose to... Read more »

The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The apex bank had on May 6 issued a... Read more »

The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit in Nigeria. This was as the Chairman... Read more »

Africa’s richest man and Chairman of Dangote Group, Aliko Dangote has assured that following laid down plans of the Dangote Refinery, Nigeria as a nation will have no need to import gasoline... Read more »

Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges... Read more »