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Moody’s Ratings Agency has said that Nigerian banks hold unknown quantities of legacy exposures after the Central Bank of Nigeria’s (CBN) forbearance that was granted during...
Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+...
19 Northern state governors have expressed their strong opposition to the Federal Government’s recent Tax Reform Bill. The proposed bill shifts to a derivation-based model for...
Central Bank of Nigeria has said it is prepared to use any “tools at its disposal” to manage inflation. CBN Governor Olayemi Cardoso said this on...
The Federal Competition and Consumer Protection Commission (FCCPC) has said that it “is deeply concerned about the continuing disruptions in online banking services across Nigeria. These...
National Bureau of Statistics (NBS) has reported that the 36 states and the Federal Capital Territory (FCT) collectively generated N2.43 trillion as Internally Generated Revenue (IGR)...
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said Nigeria’s refining sector has expanded following the issuance of nine Licenses to Establish (LTEs), seven Licenses to...
World Bank Group has said in its latest Commodity Markets Outlook that “global commodity prices are set to tumble to a five-year low in 2025 amid...
Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the...
Nigerian equities started the week bearish, halting five consecutive sessions of gain as the benchmark index gave up 74bps to close at 98,708.90 points. The market relapse...
Africa Finance Corporation, Africa’s leading infrastructure solutions provider, have signed a Memorandum of Understanding (MOU) to collaborate on initiatives to boost exports in both the Kingdom...
Nigeria Shippers’ Council, NSC, and its Airfreight stakeholders have expressed worries over low economic activities at the Port Harcourt International Airport, Omagwa. The summit stressed the need...
Universities across the country, especially those owned by the federal government, were on Monday shut down by non-academic staff under the aegis of the Senior Staff...
Transnational Corporation (Transcorp) Plc has announced the successful completion of its share reconstruction, a strategic action aimed at maximising long-term shareholders’ value. The share reconstruction involved...
The Federal Government of Nigeria (FGN) is pressing for a $750 million loan from the World Bank. The amount is part of the broader $2.25 billion...