February 26
Nigeria: 'Peg Customs Exchange Rate At N1000/$1 to Ease Hardship'
Following the adjustment of the exchange rate for importation more than six times this year, the Central Bank of Nigeria (CBN) has directed that the rate to be used by the Nigerian… Read more »
Nigeria: CBN Pegs Purchase of Dollars in Cash At $500
The Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying that the foreign currency (FX) exceeding this amount will be made… Read more »
Nigeria: Shell Involves More Indigenous Contractors in Key Projects
Efforts by Shell to promote Nigerian content have led to more indigenous companies executing key contracts in oil and gas operations on land and in deep water. Read more »
Nigeria: 4,000 Benefit From Sale of Seized Rice
Over 4,000 persons in Lagos, on Friday, benefited from the sale of rice seized by the Nigerian Customs Service (NCS). Read more »
Nigeria: Lagos Partners Firms to Create Jobs
Lagos State government has partnered with Persianas Group, Nigerian Sovereign Investment Authority (NISA), Oak View Group and Live Nation to build Africa's first 12,000 capacity… Read more »
February 25
Nigeria: Firm Boosts Local Assembly of Home, Electronic Appliances
Sacral Industries Limited has taken the bold decision to set up a factory in Nigeria for assembling consumer electronics and home appliances. Read more »
Nigeria: NPA Boss Directs Safety Dept to Pay Unscheduled Visit to Seaports
The executive director Marine and Operations, Nigerian Ports Authority (NPA), Olalekan Badmus, had urged the safety department of the Tin-Can Island port to pay unscheduled visits… Read more »
Nigeria: VSF Donates Boreholes to Plateau Communities
The Victims Support Fund (VSF) under the leadership of Gen. Theophilus Danjuma (rtd) has built solar-powered boreholes at the cost of N28 million for the people of Gassa, Doruwa… Read more »
Nigeria: Greedy Politicians Fueling Attack On Tinubu - Arewa Think Tank
The Arewa Think Tank has said greedy politicians are instigating Nigerians to attack President Ahmed Bola Tinubu in reaction to the present economic hardship in the country, adding… Read more »
February 21
Nigeria: Turkiye to Promote Stronger Infrastructure Links
Federal government has indicated commitment to strengthening its bilateral ties with the Republic of Türkiye on key infrastructure for mutual economic development. Read more »
Nigeria: CBN's Move to Restore Confidence, Boost Forex Liquidity
The Central Bank of Nigeria has in the past week issued series of circulars aimed at boosting liquidity in the foreign exchange market as well as ensuring stability of the banking… Read more »
Nigeria: Federal Govt Begins Audit of N22.7trn CBN Ways and Means Loan
The federal government has said it is conducting an audit of the N22.7 trillion Ways and Means loans of the Central Bank of Nigeria (CBN) to the federal government during the… Read more »
Nigeria: Moghalu to Give Keynote At Leadership Conference and Awards
Former deputy governor of Nigeria's Central Bank and renowned political economist, Professor Kingsley Chiedu Moghalu, has confirmed his participation as a keynote speaker at the… Read more »
February 20
Nigeria: Stakeholders Express Concerns Over Ban of Satchet Alcoholic Drinks
Manufacturers and retailers of satchet and pet bottles of alcoholic drinks less than 200ml have continued to lament the ban of the product by the National Agency for Food and Drug… Read more »
Nigeria: Lagos Lifts Ban On RTEAN Operations
Lagos State government yesterday said it has lifted the ban on the activities of Road Transport Employers' Association of Nigeria (RTEAN) in the state. Read more »
Nigeria: Glo Introduces 'SME in a Box' for Business Ease
Digital solutions provider, Globacom, has introduced an all-in-one bundle, SME In A Box, to connect, grow and enhance the productivity of small and medium enterprises (SMEs) in… Read more »
Nigeria: Pencom Recovers N129bn Unremitted Pension, Fines Defaulters N12.5bn
The National Pension Commission (PenCom) has said its efforts in addressing uncredited contributions have yielded significant results, with its director-general Aisha Dahir-Umar… Read more »
Nigeria: Redan Demands FG's Immediate Intervention As Cement Prices Soar
President of Real Estate Developers Association of Nigeria ( REDAN), Dr Aliyu Oroji Wamakko weekend said the recent increase in prices of cement further threatens infrastructural… Read more »
Nigeria: Women in Energy to Lead Conversations On Breaking Barriers At 2024 Summit
The Nigeria International Energy Summit (NIES) has announced integration of the Women in Energy Roundtable as a central pillar of its highly anticipated 7th edition, set to unfold… Read more »
Nigeria: Save the Naira, Stop the Blame Game
As this concern persists, there are attempts to put the blame on banks. As far as this newspaper knows, banks are just a factor in the entire matrix. Critical as they may be, other… Read more »
Nigeria: Naseni, Caverton Sign Pact to Establish Drone Assembly Plant, Training School
The National Agency for Science and Engineering Infrastructure (NASENI) and the tour of Caverton Offshore Support Group (COSG) Plc have signed a memorandum of understanding (MoU)… Read more »
Nigeria: Harsh Economy - Sacked Workers Withdraw N217.4 Billion From Pension Assets
With companies downsizing as a result of the harsh business operating environment, especially, in the last one year, 482,857 disengaged workers, mainly from the private sector, are… Read more »
Nigeria: Naira Falls to N1,598.54/$, N1,720/$ Amid Reforms
The value of the naira continued to plummet, reaching new lows at both ends of the markets declining by 4.4 per cent and 9.5 per cent at the official and parallel markets… Read more »
Nigeria: 'Nigeria Needs Peace to Overcome Current Challenges'
A former special adviser to the governor on Imo Orientation Agency, Dr Fidel Onyeneke, has appealed to Nigerians not to compromise peace and unity in spite of the hard times in the… Read more »
Nigeria: UBA Takes Centre Stage At 2024 Ecowas Mining Forum in Cotonou
United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at… Read more »