FG to probe 40 loan apps over customers ‘abuse’ Business
In light of what has been called "sharp practices" and "abuses", the Nigerian government is looking into ways to investigate several digital loan apps. The House of Representatives has instructed…
CCECC wins bid for Lagos’ Fourth Mainland Bridge construction
The Lagos State Government, through the Office of Public Private Partnerships, has announced Messrs CCECC-CRCCIG CONSORTIUM as the preferred bidder for the proposed Fourth Mainland Bridge project. The Special…
GTBank halts dollar transactions on naira Mastercards
Guaranty Trust Bank has suspended all international transactions on its naira MasterCards. This was disclosed in a statement issued by the Bank through its social media platforms on Thursday…
FG spent N2tn on local content within 12years – Report
The Federal Government has spent a total of N2 trillion ($4 billion) on the development of local content in the past twelve years. A document on the "Nigerian Content…
2022: Oil theft, fuel subsidy, other Buhari regime challenges
Oil Theft, Subsidy, Fuel Scarcity are among some of the challenges which the Federal Government tried to address in the Nigeria’s oil and gas sector in the outgoing year.…
Lekki Port to commence commercial operation in 2023
The Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, Laurence Smith, has said that the Liquid Berth Terminals have potential operators. The port will start operating commercially in the…
New naira: Extend deadline, Senate urges CBN
The Senate has urged the Central Bank of Nigeria to extend the deadline for withdrawal of old Naira notes from the economy, fixed for January 31, 2023, to June 30,…
NGF blames naira redesign, flood for agric sector’s underperformance
The Nigeria Governors' Forum stated that the country's farmers experienced a major meltdown during the 2022 farming season as a result of the difficulties in the agriculture industry. It continued…
How immigration made N438b from 2017 – Report
The Nigeria Immigration Service has generated N438.78 billion in income from 2017 to date, according to data from The PUNCH. This occurred at a time when the agency's total Internally…
New naira: ATMs still dispensing old notes, report reveals
Thirteen days after the issue of the freshly redesigned N200, N500, and N1,000 notes, and with 34 days till the old notes are no longer legal cash in the…
Global economy vulnerable to recession in 2023 – World Bank
The World Bank has warned that “even a moderate hit” could tip the global economy into recession in 2023. The global financial institution made this known it's recently published…
Domestic flight prices rise by 97% – NBS
Current data from the National Bureau of Statistics has shown that the average price of a plane ticket in Nigeria increased from N37,022.97 in November 2021 to N73,267.57 in November…
