Business

FG plans 7,000 digital hospitals for rural areas

  • 28th May 2025

FCCPC accuses MTN, others of evading service over

  • 28th May 2025

Rescue efforts continue after deadly blast at Eastern

  • 28th May 2025
Cut corporate tax to 7.5%, NACCIMA urges Tinubu

FG provides details on Tinubu’s $21.5b external loan

  • 28th May 2025

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NSITF partners NIMC to integrate workers’ data 

Business

FG plans 7,000 digital hospitals for rural areas –

Business
9mobile secures NCC approval for roaming on MTN network

9mobile secures NCC approval for roaming on MTN network

News

Bali named World’s top island destination 

Travel

Blog

Banking Policy and Regulations

Commission freezes over 30 accounts of loan sharks

The Federal Competition and Consumer Protection Commission says it has frozen no fewer than 30 bank accounts operated by illegal loan organisations. The Executive Vice Chairman of the Commission, Mr Babatunde Irukera, made this disclosure at a media briefing in Abuja on Tuesday. Irukera also said that the commission had engaged Google and Apple Stores […]

Appointments

Credit Bureau appoints Adesalu as subsidiary’s MD

CRC Credit Bureau Limited has appointed Ademola Adesalu as the managing director of its newly established subsidiary, CRC Data & Analytics Limited. A statement said the appointment was necessary with CRC operating under a group structure with diversified business interests in credit reporting, and data and analytics. The statement said the newly established subsidiary, CRC […]

World Bank punishes Nigerian firms, individuals for corruption
Economy

Sluggish growth affecting Nigeria, other African countries – W’Bank

The World Bank has stressed the need to boost labour output in Africa, stating that sluggish productivity growth is making the continent lag behind many developing nations. This was contained in a press release on the World Bank’s website, announcing the publication of a report titled, ‘Boosting Productivity in Sub-Saharan Africa’. The statement read in […]

Stock market
News

Stock investors lose N172bn as 44 firms suffer decline

Investors lost N172bn at the end of trading on the floor of the Nigerian Exchange Limited. The market capitalisation of equities listed on the NGX depreciated by 0.67 per cent to close at N25.311tn at the end of the week. The NGX All-Share Index also declined by 0.67 per cent to close at 46,964.23 basis […]

Nigeria, Morocco commence 5,600km gas pipeline project
Energy

State govts sink deeper as NNPC plans N328bn deduction in April

The amount spent by the Federal Government through the Nigerian National Petroleum Company Limited as subsidy on Premium Motor Spirit, popularly called petrol, in January and February this year is N430.165bn. NNPC disclosed this in its latest presentation to the Federation Account Allocation Committee meeting for March 2022, as it informed the meeting that it […]

100% cashless economy possible in Nigeria - Emefiele
News

Nigerians spend $39.66bn on foreign education, medical tourism – CBN report

NIGERIANS spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data. According to CBN’s Balance of Payments, Nigerian parents and guardians paid about $28.65bn for their wards to study abroad during the period under review. The BoP report also revealed that Nigerians […]

Economy

Bread prices may go up, bakers blame forex, energy crises

Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh business environment triggered by rising energy costs and increasing forex rates has caused some of its members across the country to shut down their business operations. Speaking in an exclusive interview with The PUNCH, PBAN President, Emmanuel Onuorah, described the […]

Trapped funds: CBN to give foreign airlines $150m
Economy

Capital importation suffers 30% decline, records $6.7bn

The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in 2020 to $6.7bn in 2021 according to data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report for the four quarters of 2020 and 2021, the NBS disclosed that total capital importation into the nation was $9.68bn […]

News

Cross River decries N34m federal allocation for March

The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in March. Figures released show that out of the state’s gross allocation of N2.22bn, only N34.9m was received by the state as N2.18bn was deducted to service debts incurred by the previous administration. A statement titled, […]

News

SEC workers protest unpaid allowances, others

Aggrieved staff members of the Securities and Exchange Commission on Thursday held hours-long protest at the headquarters of the commission to communicate their demands which they said the management of the agency has refused to address over time. During the protest, the staff of the commission expressed dismay over issues such as unpaid allowances, delay […]

Ports and Airports

Talks ongoing on funding national shipping carrier, says CLG

THE Chief Executive Officer of CLG Securities, Adeniran Aderogba, says discussions are ongoing on securing funding for a national shipping carrier for Nigeria. Aderogba also said the activities of CLG Securities had made the Presidency and the Ministry of Transportation show renewed commitment towards reviving the plan to create Regional Maritime Development Bank. According to […]

FG owes road contractors over N11tn – Fashola
News

Fashola restates 2nd Niger Bridge 2022 completion date, blames IPOB

The Federal Government, on Thursday, said the Second Niger Bridge (now named Muhammadu Buhari Bridge) and the Lagos-Ibadan Expressway would be completed before the end of 2022. This came as the government said there were no existing contracts to impose tolls on federal roads constructed under the Sukuk fund. The Minister of Works and Housing, […]

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