The Federal Government has announced its readiness to commence the payment of nine months backlogs to N-Power beneficiaries who are on the programme beginning from November. It announced this on Monday through the N-Power National Programme Manager, Akindele Egbuwalo, who …
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The complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from 3,156,704 complaints as of the same period in 2022, media can report. Financial claims arising from the various complaints in …
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. As indices rise by N18b amid gains in Unilever, 21 stocks Standard Chartered Bank has predicted that Africa’s total exports will reach $952 billion by 2035. In its report: ‘Future of Trade: Africa,’ which highlighted the outlook for African …
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.Dollar sustains upward swing as pressure on supply intensifies Nigeria’s currency, the Naira, is still under immense pressure as the Central Bank of Nigeria (CBN) continues to explore new mechanisms to address the forex challenge. The CBN Governor, Oluyemi Cardoso, …
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Dele Alake Minister for Solid Minerals Development, Dr Oladele Alake, has restated the overarching policy of value addition by any company wth requisite license and permits to mine minerals, just as he made a clarion call to potential investors that …
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Wale Edun, Minister of Finance The International Monetary Fund on Tuesday commended the Nigerian government for removing the fuel subsidy but noted that efforts must be made to protect poor citizens from the high cost of living crisis. Specifically, the …
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The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market. The ongoing trend of demand surpassing supply seems to be a contributing factor. Forex traders report inflow quotes ranging from N1,035 to N1,045 …
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Tunde Lemo A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of the naira. He said this while speaking during an online discourse at the Boiling Point Arena on Sunday, with the …
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Mele Kyari, GCEO, NNPCL Arewa group, under the auspices of Mega National Movement for Good Governance (MNMGG), has called on President Bola Ahmed Tinubu to probe the oil sector, particularly the activities of the Nigeria National Petroleum Company Limited (NNPCL), while …
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A report by the Nigeria Bureau of Statistics (NBS) has shown that Capital importation into Nigeria dropped by 9 percent in the second quarter (Q2) of 2023. According to the NBS report, the total capital imported stood at $1.03 billion, …
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Nigerian Stock Exchange The Nigerian Exchange Limited on Thursday closed positive with a gain of N140bn added to investors’ wealth on the local bourse. The market capitalisation had shed N158bn on Wednesday on the back of losses recorded by MTN …
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Dr Ngozi Okonjo-Iweala Director-General, World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has stressed the importance of trade in supporting women-led small businesses in addressing climate change and fostering innovation. At a workshop jointly organised by the Informal Working Group on micro, …
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The Nigerian Exchange Limited on Tuesday halted seven days of bearish trading to close the market with a gain of N213bn for investors. Both the All-Share Index and the Market capitalisation rose by 0.59 per cent to 66,770.97 basis points …
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Enugu State Governor, Peter Mbah The Enugu state government has said it hopes to achieve a $30bn economic growth in eight years with its partnership with the Nigeria Indonesia Trade and Investment. It said the vision is underscored by a …
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The Federal Government is set to equip three million Nigerians with tech skills over the next four years. It set a plan to help startups raise their yearly funding rounds to $5bn by 2027, and improve access in rural areas …
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The Federal High Court, Abuja Judicial Division, will in October hear the N30bn suit lodged by the Advertising Regulatory Council of Nigeria against Meta Platforms Incorporated (owners of Facebook, Instagram and WhatsApp platforms) and its agent AT3 Resources Limited. The …
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The National Economic Council on Thursday affirmed that the $3bn emergency loan-for-crude oil the Federal Government secured in August would be deployed to stabilise the naira, whose value has continued to fluctuate in the Investors & Exporters’ window and worsened …
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Cardoso, CBN’s Governor The new Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said he will prioritise clearing the apex bank’s backlog of unsettled foreign exchange obligations in the near term. He said this on Tuesday during the …
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The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9, 000 per bag from the current price of N5, 000. It also …
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The South Korean government has indicated interest in Nigeria’s lithium deposits, according to a statement on Thursday. The statement signed by the Deputy Director (Information) of Nigeria’s Ministry of Solid Minerals Development, Alaba Balogun, disclosed that the Nigerian government had …
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