April 04
Nigeria: Student Loan - Everything You Need to Know
President Bola Tinubu a couple of days ago signed a pivotal piece of legislation into law aimed at transforming tertiary education financing in Nigeria. Read more »
Nigeria: New Electricity Tariff - Abuja Disco Names 111 Band 'A' Feeders
With the new electricity tariff approved by the Nigerian Electricity Regulatory Commission (NERC) for Band A customers, the Abuja Electricity Distribution Company (AEDC) has… Read more »
Nigeria: Navy Nabs 14 Suspected Oil Thieves, Seizes 210 Metric Tons of Crude
The Nigerian Navy has arrested 14 suspects involved in oil theft and also uncovered an illegal oil refining site with a capacity to produce over 9.6million litres of Automotive Gas… Read more »
March 28
Nigeria: Federal Govt to Conclude Fire Service Recruitment June 15
The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has announced that it will conclude the ongoing recruitment process into the Federal Fire Service… Read more »
Nigeria: CBN Pegs Minimum Capital Bases for Banks At N500bn, N200bn
Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the nation's financial system, the Central Bank of Nigeria… Read more »
Nigeria: Just-in - Nationwide Blackout Looms As National Grid Suffers Fresh Collapse
Nigeria has yet again suffered another nationwide blackout as the national electricity grid, centrally managed from Osogbo, Osun State, suffered a collapse at approximately 4:30pm… Read more »
Nigeria: Reps Panel Accuses CBN, Banks of Sharing N15bn Remittance
The House of Representatives' Committee on Public Accounts has accused the Central Bank of Nigeria (CBN) and commercial banks of complicity in the sharing of the N15 billion… Read more »
Nigeria: Dangote, Elumelu, Others Make Tinubu's New Economic Team
In a strategic move to bolster the nation's economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Ahmed Tinubu has… Read more »
March 27
Nigeria: Insurance Assets Rises By 27 Percent, Hits N2.67trn
Nigeria's insurance industry recorded a significant improvement in real terms as the market recorded total assets of N2.67 trillion and capitalisation of N851 billion in 2023,… Read more »
Nigeria: Exchange Rate - Marketers Deny Downward Adjustment in Petrol Pump Price
Petroleum product marketers and other operators in the downstream sector, have denied speculations that pump price of petrol at depot facilities have been adjusted downwards. Read more »
March 25
Nigeria: Just-in - CBN Begins Forex Sales to BDCS At N1,251/$1
The Central Bank of Nigeria (CBN) has issued a circular addressed to Bureau De Change operators (BDCs), revealing that each BDC has been allocated $10,000 at a rate of N1,251/$1. Read more »
Nigeria: Skymax CEO Bags 'Nigeria's Digital Economy Personality' Award
The chief executive officer of Skymax Integrated Network Limited, Chidi Charles Agukwe, has been honoured as a critical stakeholder and driver occupying an important position in… Read more »
March 26
Nigeria: Again, CBN Increases Interest Rate to 24.75 Percent
The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent in a continued chase to tame inflationary pressures. Read more »
March 22
Nigeria: Naira Gains 10 Percent to N1,382/$ After CBN Clears Forex Backlog
Following the clearing of all valid foreign exchange backlogs by the Central Bank of Nigeria (CBN) on Wednesday, and increased inflow at the Nigeria Autonomous Foreign Exchange… Read more »
Nigeria: 36 Percent of Nigerian Major Banks' CEOs Now Women
Formerly dominated by men, the Nigerian banking industry is gradually being overtaken by female banking gurus as the number of women leading the major banks in the country has… Read more »
Nigeria: Federal Govt Launches Special Forces to Protect Mining Sites
The federal government yesterday unveiled a special forces outfit, the Mines Marshals, to secure mineral sites and combat illegal mining in the country. Read more »
March 20
Nigeria: CBN Clears Valid Forex Transactions, Eliminates $7bn Legacy Backlog
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling a key pledge of the CBN governor, Olayemi… Read more »
Nigeria: Higher Interest Rate Likely As Cardoso Maintains Hawkish Stance
The Monetary Policy Committee (MPC) is billed to hold its second meeting for the year next week and there are indications that the benchmark interest rate would further be hiked as… Read more »
March 14
Nigeria: Army Chief Seeks Investment in Research to Combat Insecurity
The Chief of Army Staff, Lt. Gen. Taoreed Lagbaja has advocated investment in research and development to surmount insecurity in the country. Read more »
Nigeria: Reps Want Ban On Alcoholic Drinks in Sachets, Pet Bottles Lifted
The House of Representatives has resolved that the ban imposed by the National Agency for Food and Drugs Administration and Control (NAFDAC) on the sachet alcoholic and 200m pet… Read more »
Nigeria: Consumer Rights Day - Qnet, Lascopa Join Forces to Empower Consumers
QNET, a renowned global entity in the lifestyle and wellness direct-selling sector, has joined forces with the Lagos State Consumer Protection Agency (LASCOPA) to spearhead a… Read more »
March 15
Nigeria: Port Harcourt Refinery Begins Production in Two Weeks - Kyari
The group chief executive officer of the Nigerian National Petroleum Company Ltd (NNPCL), Mele Kyari, has said that the Port Harcourt Refinery has received 450,000 barrels of crude… Read more »
March 13
Nigeria: CBN Raises Customs Duty Rate to N1,624.7/$1 As Naira Weakens
The Central Bank of Nigeria (CBN) has raised the exchange rate for calculating Customs duties at the nation's seaports by 1.9 per cent following further depreciation in the value… Read more »
Nigeria: EFCC Increases Charges Against Fayose's Ally, Agbele, to 24
Economic and Financial Crimes Commission (EFCC), has increased the charges against Abiodun Agbele, the associate of the former Ekiti State governor, Ayodele Fayose from 11 to 24. Read more »
Nigeria: High Tax On Sweetened Beverages Will Boost Excise Revenue By 972 Percent - Report
If the federal government peg the Sugar-Sweetened Beverage (SSB) tax at a rate of N130 per litre, it would lead to a substantial increase of excise tax revenue to N729 billion,… Read more »