World Bank approves $750m to boost Nigeria’s business environment
The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. This is contained in a statement […]
BUSINESS
Nigeria -China bilateral trade hits $12bn – Envoy
Chinese Ambassador to Nigeria, Cui Jianchun says that the China-Nigeria trade volume has recorded a great rise of 7.1 per cent in the past one […]
Dangote wins ECOWAS manufacturing excellence awards
Dangote Industries Ltd., has bagged eight different awards by the Economic Community of West African States Manufacturing Excellence Awards (EMEA). The company said this in […]
Afreximbank introduces trade payment services
African Export-Import Bank (Afreximbank) has inaugurated the Afreximbank Trade Payment Services or “AfPAY”. AfPAY is an intervention designed to facilitate the settlement of international trade […]
Banks’ USSD debt has increased to N80bn – Telecom operators
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says banks’ Unstructured Supplementary Service Data (USSD) debt has increased to N80 billion from N42 billion […]
Oil rises towards $90 as OPEC+ considers output cut
Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a […]
Port Harcourt Refinery begins pipeline rehabilitation
The Port Harcourt Refining Company (PHRC) is soon to commence rehabilitation of its pipelines in readiness for resumption of production. Mr Sheik Mohammed, the Executive […]
Afreximbank’s president wins African art award
Prof. Benedict Oramah, President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank) has received the 2022 Margaret H. Demant African Art Award. […]
Nigeria’s LPG production hits 5m tonnes, utilises 8% domestically – FG
The Federal Government says Nigeria currently produces about five million tonnes of Liquefied Petroleum Gas (LPG) annually and only eight per cent of the production […]
FG, NNPC to inject 20m cylinders via new gas coy
The Nigeria National Petroleum Company (NNPC Ltd) is collaborating with the Office of the Vice President on establishment of Gas Funding Company Ltd for injection […]
Increased MPR will put pressure on private sector – Economist
An economist, Prof. Evans Osabuohien says the increase of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) Central Bank of Nigeria (CBN) will […]
NCC-CSIRT proffers counter measures against website scams on Microsoft Edge Browser
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has issued an advisory for users to install trusted, up-to-date […]
NUPRC moves to enhance national crude oil production
By JOY ADARA, Abuja – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it is determined to take bold and revolutionary steps, using a […]
FirstBank partners Verve International, makes customers millionaires in The FirstBank Verve Card promo
In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched […]
Nigerian stock market drops N15bn in bearish trading
The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 […]
Improved revenue, prioritising expenditure will reduce govt borrowings – DMO
The Debt Management Office (DMO) says government can reduce its dependence on borrowings to finance budget deficits by improving its revenue drive and prioritising expenditure. […]
CBN hikes Monetary Policy Rate to 15.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 14 per cent to 15.5 […]
Stock market rebounds by N87bn, index up 0.33%
The Nigerian Exchange Ltd. (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion […]
Naira begins week positive, exchanges at 436 to dollar
The Naira appreciated slightly against the dollar at the Investors and Exporters window on Monday as it exchanged at 436. The rate represents a 0.08 […]
Food firm secures $30m funding to transform restaurants across Africa
Vendease, an online marketplace for Africa’s food businesses, says it has raised 30 million dollars to transform restaurant businesses across Africa. Vendease which made this […]