June 11
Nigeria: Again, CBN Reassures On Safety of Banking System, Depositors' Funds
The Central Bank of Nigeria (CBN) yesterday reaffirmed its assurance to the banking public that their deposits remained safe amid a resilient industry. Read more »
Nigeria: Wale Edun Advocates More Liquidity in Power Sector
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, said liquidity remained a major solution required by the power sector to perform optimally.… Read more »
Nigeria: NNPC Disclaims Report On Alleged N3.3 Trillion Inflated Subsidy Claims
The Nigerian National Petroleum Company Limited (NNPC ) yesterday said it noted with dismay a report in a section of the media alleging that it inflated petrol subsidy claims by… Read more »
Nigeria: Labour's Deadline for New Wage Expires Today, LCCI Calls for Flexibility in Negotiation
As the one-week suspension of the nationwide strike by organised labour expires today, the leadership of the trade unions have appealed to President Bola Tinubu to use his position… Read more »
June 10
Nigeria: Workers of Federal Poly Begin Seven Days Warning Strike in Akwa Ibom
Members of Senior Staff of the Federal Polytechnic, Ukana, in Essien Udim Local Government Area of Akwa Ibom State have commenced seven days warning strike to protest lack of… Read more »
Nigeria: Nigeria's Debt Service Gulped $854m in May, Highest in Four-Years
Data obtained from the Central Bank of Nigeria (CBN), has reveals that Nigeria's external debt service payments in May 2024 amounted to $854 million, the highest monthly debt… Read more »
Nigeria: N62,000 Recommended Wage in National Interest, Based On Economic Realities - Bagudu
The federal government has maintained that the N62,000 monthly minimum wage offer recommended by the tripartite committee set up by President Bola Tinubu was made after taking into… Read more »
Nigeria: Nigeria's Currency in Circulation Hit All-Time High At N3.97tn
Despite the Central Bank of Nigeria (CBN) monetary policy tightening, Nigeria's currency in circulation surged to an all-time high of N3.97 trillion in May 2024, resulting in a… Read more »
June 09
Nigeria: Govt Cautions Travellers Against Carrying Laser Pointers After Switzerland Detained Nigerian At Airport
The Chairman of the Nigerians in Diaspora Commission (NiDCOM), Dr. Abike Dabiri-Erewa, has cautioned Nigerian citizens travelling through Switzerland against the possession of… Read more »
Nigeria: Deep Blue Project As Catalyst to Nigeria's Maritime Development
Activities in the seas and oceans is a growing concern for the global community, as it serves as a veritable source of economic development and wealth creation, owing to the… Read more »
Nigeria: British Airways Celebrates Local Art At Renovated Lagos Lounge
As it opens the newly renovated luxurious Lagos lounge doors to travel customers, British Airways is providing a beautiful view of artworks from local artists. Read more »
June 10
Nigeria: Need to Trash Nigeria's Shipping, Port Economic Regulatory Agency Bill
Eromosele Abiodun posits that the Nigeria Shipping and Port Economic Regulatory Agency Bill, in its present form, is a contradiction of the presidential policy specifically aimed… Read more »
June 07
Nigeria: Inflationary Pressure Eased to One-Year Low in May - Report
The Purchasing Managers' Index (PMI) report of the Stanbic IBTC Bank Plc has stated that the rate of inflation eased to a one-year low in May 2024. Read more »
June 06
Nigeria: Edun Presents New Minimum Wage Template to Tinubu
Minister of Finance and Coordinating Minister of The Economy, Mr Wale Edun, on Thursday submitted to President Bola Tinubu a new minimum wage template to be used for negotiation… Read more »
Nigeria: Edo Community Protests Over Alleged Maltreatment By Oil Company
Residents of Evbohenoba Community in Orhionmwon Local Government Area of Edo State have protested the alleged ill treatment being meted out to them by Summit Oil International and… Read more »
June 05
Nigeria: Enhancing Public Awareness On CPs
Ebere Nwoji posits that failure of National Pension Commission to assume the position of chief marketer of the pension sector may frustrate operators' proposed awareness campaign… Read more »
Nigeria: Winners Emerge At 2024 Microsoft Office Specialist World Championship
ReadManna Empowerment Initiative (REI) has unveiled the Nigerian team for the 2024 Microsoft Office Specialist World Championship for Students (MOSWC), to hold from July 28 to 31,… Read more »
Nigeria: At 32.60 Percent, UBA Leads Banking Sector Capital Adequacy Ratio in 2023fy
Aside from generating significant increase in profit and assets, United Bank for Africa (UBA) reported 32.60 per cent Capital Adequacy Ratio (CAR) in 2023 financial year to… Read more »
Nigeria: Nigerian Teams Shine At Huawei ICT Competition
Four teams from Nigeria have secured two grand prizes, and two first prizes at the Huawei ICT competition 2023-2024 global final. Read more »
Nigeria: Stock Market Maintains Prof-Taking Momentum, Drops By N38bn
The Nigerian stock market yesterday saw a negative close for the second trading day in the month of June 2024 as market capitalisation went down by N38 billion. Read more »
Nigeria: Radix Pension Plans Expansion of Market Share
Radix Pension Managers, has said that its target was to be listed among the big ten pension fund administrators in the next five years. Read more »
Nigeria: Nigerian Navy @68 and Naval Dockyard's Contribution to Its Fleet Renewal
Just last week, the Nigerian Navy clocked 68 and it was commemorated with a beehive of activities including the inauguration of projects at the Naval Dockyard Limited, NDL, the… Read more »
Nigeria: Ibedc Appoints Agoha Md
The management of Ibadan Electricity Distribution Company (IBEDC), has named Mr. Francis Agoha, as its new Acting Managing Director. Read more »
June 06
Nigeria: Govt Restores Power Supply to North-East Months After Terrorists' Attack On Infrastructure
The federal government yesterday announced the restoration of electricity supply to the North-east, months after suspected terrorists attacked key transmission infrastructure in… Read more »
June 05
Nigeria: Peter Obi - Revocation of Heritage Bank's Licence Will Hurt Confidence in Banking System
Former Anambra Governor and the presidential candidate of the Labour Party in the last general election, Peter Obi, yesterday, said that the Central Bank of Nigeria's (CBN)… Read more »