7,000MW: FG to spend $2.3bn on first phase of Presidential Power Initiative
The Minister of State for Power, Mr Goddy Agba, says the Federal Government plans to spend $2.3 billion on the...
NCC: Broadband penetration hits 42.02%, subscription now 80,215,614
Nigeria's broadband penetration reached 42.02 per cent in June, 2020. This was revealed by the Nigerian Communications Commission (NCC) in...
Jan-June 2020: FAAC says FG got N1.53trn, states N1.29trn, LGs N771.34bn
The Federation Accounts Allocation Committee (FAAC) shared N3.879 trillion to the Federal Government, states, local government areas and other statutory...
Naira loses against dollar at parallel market
Barely 24 hours after the Central Bank of Nigeria (CBN) resumed dollar sales at the Bureau De Change (BDC) sector,...
NIMASA key in stopping Nigeria’s oil dependence, says Diri
Governor of Bayelsa State, Senator Duoye Diri, says the Nigerian Maritime Administration and Safety Agency (NIMASA) is key in efforts...
Crude affreightment: NIMASA revives move to change Terms of Trade, seeks new maritime security strategy
The Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the Terms of Trade for the affreightment...
Income tax: FIRS inaugurates online portal for financial institutions
The Federal Inland Revenue Service (FIRS) has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the...
NCC remits N362.34bn into FG’s Consolidate Revenue Fund in five years, says Danbatta
The Nigerian Communications Commission (NCC) remitted N362.34 billion into the Federal Government Consolidate Revenue Fund (CRF) from 2015 to date,...
NIMASA D-G, envoy meet, as Nigeria, Korea pledge to deepen cooperation in shipping
Nigeria and South Korea have agreed to intensify their collaboration in trade and shipping development. This was disclosed in Lagos...
N151.56k per litre: Experts speak on benefits of deregulation
The recent price hike announced by the Petroleum and Pipelines Marketing Company (PPMC) has been described as the effects of...
Rob Shuter resigns from MTN Nigeria board
MTN Nigeria Communications Plc has informed the Nigerian Stock Exchange (NSE) and the investing public of the resignation of Mr...
H1: GTBank declares 30k interim dividend
Guaranty Trust Bank Plc, on Wednesday, announced an interim dividend of 30k per share for the half year ended June...
Naira strengthens against dollar
Speculators in Nigeria’s foreign exchange market are set to count huge losses as the Naira continues to surge against the...
UBA delivers N300.6bn gross earnings, declares N0.17k interim dividend
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year...
Danbatta: Nigeria’s active GSM subscribers now 199.3 million
Prof. Umar Danbatta, Executive Vice Chairman, Nigerian Communications Commission (NCC), says active GSM subscribers in the country have increased from...
DPR: Nigeria to become net exporter of petroleum products by 2022; 40bn barrels of oil reserve, 210trn cubic feet of gas
The Department of Petroleum Resources (DPR) says with five built refinery plants across the country and seven in the making,...
Lai Mohammed hails DPR for keeping Nigeria’s economy afloat
The Minister of Information and Culture, Alhaji Lai Mohammed, has hailed the management of the Department of Petroleum Resources (DPR)...
Polaris Bank appoints Innocent Ike Acting MD/CEO
The Board of Polaris Bank Limited and Asset Management Corporation of Nigeria (AMCON), the Bank’s shareholder, have announced the appointment...
CBN grants 9mobile Service Payment Bank licence
9PSB (Payment Service Bank), a subsidiary of 9mobile, says it has been granted approval by the Central Bank of Nigeria...
CBN resumes sales of foreign exchange to licensed BDC operators
The Central Bank of Nigeria (CBN) has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators...
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