CBN to stop sale of FOREX to banks
The Central Bank of Nigeria (CBN) will stop the sale of foreign exchange to commercial banks before the end of...
CBN extends single-digit interest rates on intervention facilities to 2023
The Central Bank of Nigeria (CBN) has announced that interest rates on its various intervention facilities had been extended till...
Buhari: Producers of substandard fuel must be held accountable
President Muhammadu Buhari has ordered that producers and providers of consumable products be held accountable for substandard services and or...
Petrol queues persist in Abuja
Motorists in Abuja, on Wednesday, continued to experience hardship in the purchase of Premium Motor Spirit (PMS), also known as...
NNPC records $224.29m proceeds from crude oil, gas export
The Nigerian National Petroleum Company (NNPC) Limited says it posted a total of $224.29 million receipt from crude oil and...
Nigerian stock market rebounds by N54bn
Bullish sentiment returned to the Nigerian equities market on Wednesday following investors’ interest in Union Bank and Access Bank, which...
Pension fund assets rise to N13.42trn
The National Pension Commission has reported that pension fund assets rose from N12.31 trillion as at December 31, 2020, to...
Agency withdraws Methanol-laden PMS from market
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says that limited quantity of Premium Motor Spirit (PMS), known as...
Union threatens to disrupt MTN service, gives 14-day ultimatum
The Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has threatened to disrupt MTN Nigeria telecommunications service if...
NGX extends losing streak by N79bn
The Nigerian equities market, on Tuesday, extended bearish run on Tuesday as a result of profit taking in BUA Foods...
GTCO acquires 100% stake in wealth management coy
Guaranty Trust Holding Company Plc (GTCO Plc) has announced the completion of acquisition of 100 per cent shares in Investment...
Fidelity Bank disburses N34bn in credit to boost rice value chain
Fidelity Bank has facilitated the disbursement of over N34 billion in direct credit to players in the Nigerian rice value...
CBN releases GSI framework to check bad loans
The Central Bank of Nigeria (CBN) has released operational guidelines on the Global Service Instructions (GSI), aimed at checking the...
NIMASA ‘generated N37.69bn in 2021’
The Nigerian Maritime Administration and Safety Agency (NIMASA) generated N37,691,630,450.02 in 2021. Dr Bashir Jamoh, Director General, NIMASA, made this...
NCC-CSIRT identifies two cyber vulnerabilities, advises telecom consumers
The Nigerian Communications Commission’s Cyber Security Incident Response Team (NCC-CSIRT) has independently identified two cyber vulnerabilities and advised Nigerian telecom...
CBN reduces charges on electronic transactions
The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines...
Telecom operators rule out 5G interference with flights
Nigerian telecom operators, on Wednesday, allayed fears of 5G’s interference with flight operations in the country. The Association of Licensed...
Senate approves N215.8bn budget for FIRS
The Senate, on Wednesday, approved the sum of N215,811,290,243 as budget for the Federal Inland Revenue Service (FIRS) for the...
Emefiele: Nigerians gradually adopting eNaira
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), says Nigerians are gradually adopting the eNaira, launched three months back....
NLC shelves nationwide protest on subsidy removal
The Nigeria Labour Congress (NLC) has shelved its planned nationwide protest over planned hike in the pump price of petrol...
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