Economic Assembly seeks G20 fund development for low-Income nations
The Economic Development Assembly is urging G20 nations to support the World Bank’s IDA21 to address development challenges in low-income countries. This call will be highlighted at the inaugural Economic…
FG, UK sign agreements for N589bn investment in key sectors
The Federal Government of Nigeria and the United Kingdom have finalized eight partnership agreements that will inject N589 billion (£272.6 million) into critical sectors of the Nigerian economy. The agreements…
NNPC, Dangote refinery near crude sale, product buy-back deal conclusion
The Nigerian National Petroleum Company Limited and Dangote Petroleum Refinery are nearing the final stages of negotiations regarding the sale of crude oil to the Dangote refinery and the subsequent…
CBN orders payment service providers to implement PoS transaction tracking
The Central Bank of Nigeria has mandated that all Point of Sale transactions from merchant and agent locations be routed through an approved Payment Terminal Service Aggregator. This directive, issued…
Fire destroys millions in property at Kogi GSM village
A devastating fire broke out early Thursday morning at the GSM village near Kpata Market in Lokoja, Kogi State, destroying properties valued at millions of naira. According to reports from…
FG unveils strategic roadmap to generate $100m in creative sector
The Federal Government has revealed an ambitious plan to generate at least $100 billion annually and create over two million jobs through Nigeria's creative economy. This was disclosed by the…
Local marketers boycott forced Dangote to export refined products – Refinery
The Vice President of Dangote Industries Limited, Devakumar V.G. Edwin has voiced frustration over the boycott of Dangote Refinery’s products by local marketers, noting that despite the Dangote Refinery's substantial…
GTBank nears upgrade to new banking platform
Guaranty Trust Bank is finalizing its transition to a new core banking platform, Finacle, developed by Infosys. This move marks a significant shift from the bank’s previous software, Basis, which…
Naira jumps 4.8% against dollar, highest gain since July
The Naira saw its largest gain in nearly two months following the federal government's debut domestic dollar-bond issue, which drew substantial interest. Bloomberg data shows the Naira surged 4.8% against…
Marketers, refiners urge complete removal of subsidies
In a significant industry development, Nigeria's petroleum marketers, refiners, and depot owners have called for the full deregulation of the country's downstream oil sector. This move aims to eliminate government-imposed…
Reps to unveil joint NASS committee on petroleum probe
The House of Representatives will inaugurate the Joint Senate/House Ad Hoc Committees on the Petroleum Industry Investigation on September 25, 2024. This was announced was made by the Spokesman for…
NESG reveals how govs spent $50bn in excess crude funds
The Nigerian Economic Summit Group has revealed details about the expenditure of the country’s $50 billion Excess Crude Account in 2010, funds that could have been utilized as a financial…
