The Presidential Compressed Natural Gas Initiative (PCNGi) said it has secured over $491 million in private sector investment to boost the country’s Compressed Natural Gas (CNG) initiative targeted at reducing reliance on petrol and... Read more »
The federal government’s ambitious plan to install 3.2 million electricity meters under the Nigeria Distribution Sector Recovery Program (DISREP) is set to commence in April, the minister of Power, Adebayo Adelabu has... Read more »
The Financial Reporting Council (FRC) has lifted the three-month suspension it imposed on Abel Onyeke’s (Partner at Nexia Agbo Abel & Co), an audit engagement firm FRC lifted the ban following a... Read more »
In Q4 2024, Nigeria’s top non-oil exports included superior quality cocoa beans, standard quality cocoa beans, and sesamum seeds. Superior quality cocoa beans generated N836.23 billion, while standard quality cocoa beans contributed... Read more »
A leading Nigerian technology innovator, Hanu Fejiro has launched a free training programme focused on cryptocurrency — blockchain, and decentralised finance (DeFi) — with the aim of opening up financial independence opportunities... Read more »
Experts are expected to converge at the sixth edition of the Awards in Lagos, to discuss on the conference theme: ‘Understanding Changing Consumer Preferences in Troubled FMCG’s Space.’ Similarly , the Industry... Read more »
Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed Seplat Energy Plc into the Extractive Industries Transparency Initiative (EITI). NEITI said the milestone comes just a few years after NNPC Limited, Nigeria’s national... Read more »
The Presidential Compressed Natural Gas Initiative (PCNGI) has partnered with LNG Arete Limited on a significant investment worth $27.3 million. This collaboration aims to enhance Nigeria’s natural gas infrastructure, particularly through the... Read more »
The Nigerian naira experienced a significant depreciation today, falling to ₦1,600 per US dollar in the official foreign exchange market after maintaining relative stability around the ₦1,500 mark for approximately three months.... Read more »
IMF chief Kristalina Georgieva on Thursday said new US tariffs “clearly represent a significant risk to the global outlook” and urged Washington to work with its trade partners. The statement was the... Read more »
Despite the growing number of billionaires worldwide, Black billionaires remain a rarity, making up just 0.8% of the world’s wealthiest individuals, according to Forbes’ 2025 World’s Billionaires list. Out of the 3,028... Read more »
First City Monument Bank recorded a Profit Before Tax of N111.9 billion for the financial year ending December 31, 2024. This was confirmed in a corporate statement released through the Nigerian Exchange... Read more »
The World Bank has approved three funding operations for Nigeria, totaling $1.08 billion in concessional financing. These initiatives aim to improve quality of education, strengthen household and community resilience, and enhance nutrition... Read more »
A Pension Fund Administrator (PFA) in Nigeria, Leadway Pensure, has advocated Additional Voluntary Contributions (AVC) for Nigerians to have a secured future in retirement. This is as the PFA reaffirmed its commitment... Read more »
NSIA Insurance extended a special outreach to new and expectant mothers at Lagos State University Teaching Hospital’s (LASUTH) maternity arm – Ayinke House, as part of its commitment to care impact the... Read more »
Glovo, has partnered with She Code Africa and the Lagos State government through the Ministry of Commerce, Cooperatives, Trade, and Investment, and the Ministry of Science and Technology equipped 100 women with... Read more »
According to the reports, the CBN was set to introduce the new notes to reduce cash-handling costs and improve liquidity management. The Central Bank of Nigeria (CBN) has refuted claims that it... Read more »
The Central Bank of Nigeria (CBN) has reported a substantial improvement in its net foreign exchange reserve (NFER) position as of the end of 2024, reflecting a substantial improvement in the country’s... Read more »
The federal government has called on major oil companies operating in the country to reciprocate its efforts in enhancing the investment climate by committing tangible investments to the sector. This appeal comes... Read more »
The Securities and Exchange Commission (SEC) has said operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than... Read more »