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 »
Billionaire entrepreneur Femi Otedola celebrated the official commencement of production at the Dangote Refinery, emphasizing its significance for Nigeria and the West African region. In a congratulatory message posted on his verified Twitter handle,... Read more »
In a blow to the Nigerian job market, Procter & Gamble (P&G), a global consumer goods powerhouse, is set to exit on-ground operations in Nigeria, impacting at least 5,000 jobs. The decision... Read more »
The Central Bank of Nigeria (CBN) is gearing up to unveil its N123 billion power intervention project in May 2024, pending any unforeseen changes. In August 2022, the CBN greenlit a substantial... Read more »
Economic stakeholders are advocating for the Central Bank of Nigeria, CBN to consider extending the deadline for implementing its recent directives to banks, requiring customers to link their Bank Verification Number (BVN)... Read more »
Nigerian Breweries has signed a deal with Daystar Power for a 4.3 megawatts peak solar plant in its Lagos brewery. This is according to a November 28 statement by Daystar. According to... Read more »
The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians on how fraudsters are swapping Auto Teller Machine (ATM) cards of innocent people, saying it’s gaining momentum. The commission, through its Head,... Read more »
Chairman of Dangote Group, Aliko Dangote confirmed his refinery startup in December 2023, saying that 350,000 barrels per day is the first target of the refinery. He said this to the Financial... Read more »
The General Manager, Corporate Affairs TGI Group, Mr. Sadiq Kassim, has lamented the nation’s high import rate of food and agricultural commodities, which currently stands at N3.3 trillion. Kassim said spending so... Read more »
Nigeria’s rigs count dropped to 13 in October from 15 the previous month, underscoring the waning investment in the oil and gas sector as well as the incessant disruptions to production in... Read more »
Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, recently revealed that numerous job opportunities could be generated through various initiatives. These initiatives include implementing a certified installer and maintenance... Read more »