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Lasaco Assurance raises ₦19.3bn in rights issue

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United Capital posts ₦24.8bn pre-tax profit in H1

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AMCON recovers N165bn from bank debtors in H1

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Cash outside banks drop to ₦4.92trn, lowest in months

Banking

Lasaco Assurance raises ₦19.3bn in rights issue

Business

Nigeria, Netherlands deepen partnership on migration, human smuggling

Travel

United Capital posts ₦24.8bn pre-tax profit in H1 2026

Business

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News

Banks run out of new naira, demand increases

  About 24 hours after the new naira notes officially entered circulation, reports revealed that banks have run out of the newly-printed denominations leading to increased demand. The shortage of the newly released naira notes stemmed from the limited amounts given to banks by the Central Bank of Nigeria. The newly redesigned N1,000, N500 and […]

Banking

VIDEO: Nigerian banks dispense new naira notes

Commercial banks have started dispensing the newly redesigned naira notes to over-the-counter customers.   Channels Television, on Thursday, reported that some banks in major cities across the country have begun dispensing the new notes to customers over the counter. The Governor of the Central Bank of Nigeria, Godwin Emefiele, had on October 26, said the […]

Nigeria’s inflation hits 24.23% in March, deepens cost-of-living crisis
Economy

Nigeria’s inflation hit 21.47% in November

Nigeria’s inflation rate rose to an all-time high of 21.47% in November, coming from 21.09% in October.   The latest inflation report by the National Bureau of Statistics revealed this rise represents the 10th consecutively monthly increase since the start of the year.   The report also revealed that Nigeria’s inflation rate has now risen […]

featured

How Nigeria lost N16.25tn crude in 12 years – NEITI

Nigeria Extractive Industries Transparency Initiative, has revealed that the country lost 619.7 million barrels of crude oil worth $46.16 billion or N16.25 trillion in 12 years, from 2009 to 2020. It made this disclosure in a statement released on Thursday night by its head of communications and advocacy, Obiageli Onuorah. The Federal Government’s decision to […]

CBN fines banks N1m daily over refusal of new naira
featured

How new CBN withdrawal policy’ll affect SMEs – Expert

Financial experts have said that the Central Bank of Nigeria’s recently imposed withdrawal cap will have more impact on small and medium enterprises. Small company owners in Nigeria worry that the policy will make running their operations more expensive. The maximum weekly cash withdrawal over the counter for business organizations and individuals is now limited […]

Business featured

2023: TotalEnergies targets N85b revenue in Q1

TotalEnergies Marketing Nigeria Plc is aiming to generate N85.97 billion in revenue for the first quarter of 2023. This was stated in its Q1 2023 earnings projection, which was made public via the Nigerian Exchange and viewed by Nairametrics. Further information on the forecasts, notes that the corporation anticipates making a gross profit of N14.99 […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

Fuel queues persist despite NNPC price slash

  Despite a 17 kobo reduction in the ex-depot price of the commodity, Premium Motor Spirit, also known as gasoline, queues may still form in many states, oil marketers warned on Wednesday. The Nigerian National Petroleum Company Limited’s supply of PMS, according to members of the Independent Petroleum Marketers Association of Nigeria, is still insufficient […]

News

Adjust cash withdrawal limit, Senate urges CBN

  In response to public outcry over its proposed weekly withdrawal on cashless policy, the Senate has urged the Central Bank of Nigeria to significantly adjust withdrawal limits. According to The News Agency of Nigeria, the Senate passed its resolution after the Committee on Banking, Insurance, and Other Financial Matters adopted its recommendations regarding the […]

Business featured News Tech

Visa to invest $1bn in Africa

Visa Inc has disclosed plans to invest $1 billion in Africa over the next five years to capitalize on the emerging economy’s rapid growth in digital payments. The company announced this on Wednesday at the U.S.-Africa Leaders Summit. President Joe Biden of the United States is hosting dozens of African leaders for the three-day event, […]

Maritime

NBTE accredits Charkin Maritime Academy

The National Board for Technical Education, has given Charkin Maritime Academy in Port Harcourt, Rivers state accreditation to run two programmes in the institution.   The accreditation was conveyed to the institution in a letter signed by the director, Monotechnic Programmes, Sama’ila Tanko, and addressed to the Provost of CMA, dated November 22, 2022, said […]

Business featured

US, Africa sign MoU to foster trade

The United States Chamber of Commerce’s, Africa Business Center and the African Continental Free Trade Area Secretariat have signed a Memorandum of Understanding (MoU) today to form a working group to promote trade and investment between the United States and Africa, The MoU is also in the bid to reaffirm the private sector’s commitment to […]

Agribusiness

West Africa gets US’ $4m grant to tackle child labour

The United States Department of Labour has announced a $4 million award to support the International Labour Organization’s work to implement a technical assistance project in West Africa.     The department made this known in a press release on its website on Tuesday, stating that the ILO is expected to work with the government […]

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