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Billionaires List: Dangote Gains $5.8bn in One Day

Dangote To Empower 106,000 Women With N1.1 billion In Four States

Aliko Dangote Foundation, ADF, has reiterated its readiness to empower additional 106,000 women across four states in Northern Nigeria, to the tune of N1.1 billion before the end of 2019. A statement issued by...

Nigeria Earned N28.6trn From Oil, Non-oil Sources In 5 Years

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax, VAT. NEITI disclosed this on...
Just In: Buhari Re-appoints Emefiele as CBN Gov, Seeks Senate Approval

Nigeria Imports $1.2bn Worth Of Fish Annually – Emefiele

The Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele said on Thursday that Nigeria imports about 1.2 billion dollars worth of fish annually. He noted that currently, Nigeria produces 0.8 million tons of fish...

Charges On Deposits: LCCI Faults CBN’s Policy

The Lagos Chamber of Commerce and Industry, LLCC, has condemned the new Central Bank of Nigeria, CBN, policy which ‘penalises’ cash depositors. It said such a policy cannot be justified. Recall that the apex...

Full Oil Production To Resume By End Of Month, Says Saudi Oil Minister

Saudi Arabia’s energy minister Abdulaziz bin Salman said that half of the crude oil production that was disrupted due to the weekend attack on Aramco’s oil facilities had been restored. Salman made this known at...

Charges On Deposits, Withdrawals Above N500,000 Take Effect Today – CBN

The Central Bank of Nigeria, CBN, has announced that the implementation of the cashless policy would commence in March 2020. It also announced a review of the process for merchant settlement. According to the bank,...

World Bank Lifts Aid Embargo, Approves $450 Million Loan For Tanzania

The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday, signalling the release of the first tranche of funds to the East African nation that were frozen last...

SEC, FCCPC Sign MoU On Merger Review

Securities and Exchange Commission, SEC, has signed a Memorandum of Understanding, MoU, with the Federal Competition and Consumer Protection Commission, FCCPC, to simplify the process of company merger. In separate statements on Monday, both agencies...

Shell Loses N202m Daily To Vandals, Oil Thieves – GM

Shell Petroleum Development Company of Nigeria, SPDC, Joint Venture says it loses about N202 million daily in revenue to activities of criminals in the Niger Delta. The company attributed the loss to daily attacks on...

U.S. Court Discharges NNPC of $2.7bn debt To ESSO

U.S. Southern District Court of New York has delivered judgment in favour of the Nigerian National Petroleum Corporation, NNPC, against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company...

Jim Ovia Bows To Pressure, Withdraws From Ongoing World Economics Forum in South Africa

After being severely criticized online for associating with South Africa despite the issues surrounding the lives and well-being of Nigerian citizens living there, the Founder/Chairman of Zenith Bank Plc, Mr. Jim Ovia, has withdrawn...
Microfinance Banks get new minimum capital base

CBN Stops Credit Payments For Milk Importation

The Central Bank of Nigeria, CBN, has told lenders to stop processing milk imports on a credit basis, bankers said on Tuesday, after the apex bank last month said it would ban access to...
Microfinance Banks get new minimum capital base

CBN Warns Loan Seekers To Beware Of Fraudulent Offers

CBN Warns Loan Seekers To Beware Of Fraudulent Offers

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