Nigeria-EU seek collaboration for better business environment
The 8th European Union-Nigeria Business Forum happening in Lagos this week will seek the collaboration of business leaders and government officials from Nigeria and Europe to identify new opportunities to…
Dollar may hit N700 by Q4 2022 – BDC
Major players in the Bureau de Change market have lamented the rise in the dollar, saying the foreign currency price could get to N700 before the end of the year.…
NAICOM cancels licences of Standard Alliance, Niger Insurance
The National Insurance Commission has cancelled the Certificates of Registration of Niger Insurance Plc and Standard Alliance Insurance Plc. The regulator of the insurance industry disclosed this in a statement…
Sustainable approaches vital for food safety – Tinubu’s daughter
The President-General of the Nigerian market women and men association, Chief Folashade Tinubu-Ojo, has harped on the need for sustainable approaches to ensuring food safety in the nation. Folashade Tinubu-Ojo…
FG scoops over N2tn from marginal oil fields sale
A new report has revealed that the Federal Government may have raked at least N2tn from the 2020/2021 marginal oil field bid rounds. In the Nigerian context, marginal fields include…
Afreximbank creates payment solution to save traders $5bn
In order to facilitate instant cross-border payments in local African currencies, the African Export-Import Bank has created a payment solution platform, Pan-African Payment and Settlement System. This was announced by…
Consumers kick as DisCos’payment to Gencos drop by 50%
Electricity distribution companies’ payment to generation companies for electricity generation has dropped by 50 per cent. According to industry data, DisCos were unable to pay GenCos full payment for the quantity…
Inflation, fuel scarcity’ll weaken Nigeria’s economic growth – World Bank
The World Bank has predicted that Nigeria's economic growth will be affected by fuel scarcity and rising inflation in the country. This is coming after the apex bank projected that Nigeria’s…
FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
Oil operators on Sunday revealed that the Federal Government spends N40.1bn daily when subsidising every litre of Premium Motor Spirit, popularly called petrol by at least N600. According to data…
57 investors get oil field licences Tuesday –FG
Successful investors in Nigeria’s 57 marginal oil fields of the 2022 bid round would get their various Petroleum Prospecting Licences on Tuesday, the Federal Government has said. On May 31,…
Buhari approves N41.6bn for presidential power programme
The President, Major General Muhammadu Buhari (retd.), has approved and released $100m as a take-up grant for the Presidential Power Initiative. It was also learnt that the $100m (N41.6bn at…
eNaira may drop remitting cost to Nigeria —IMF
Washington-based lender, the International Monetary Fund, has disclosed that central bank digital currencies could drop the cost of sending and receiving the money to Nigeria and other Sub-Saharan African countries.…
