Category: News

Nigeria’s foreign trade payments plummet by 57%

Nigeria’s payments through Letters of Credit have significantly declined, dropping by 57.04% to $391.91 million...

FG to allocate $800m for new power substations, distribution networks

The Federal Government has announced plans to release $800 million for the construction of new...

Nigerian travel agencies, Emirates to discuss dollar airfare dispute

The National Association of Nigeria Travel Agencies is scheduled to meet with representatives of Emirates...

Hajj: Travel agents threatens showdown with NAHCON over trapped N2.8bn

A new financial controversy is emerging at the National Hajj Commission over the alleged seizure...

Non-oil export hits $510m in April – CBN

The Central Bank of Nigeria’s April 2024 Monthly Economic Report reveals that Nigeria’s non-oil export...

NNPCL pushes to privatise Warri and Kaduna refineries

The Nigerian National Petroleum Company Limited has announced plans to privatise the operation and maintenance...

Financial expert Rewane doubts Tinubu’s five-year $1trn economy target

Renown economist and Managing Director of Financial Derivatives Company, Bismarck Rewane has expressed skepticism about...

Enugu launches asphalt production plant, targets 3,200 tons daily

The Enugu State Governor, Peter Mbah, has inaugurated a new asphalt production plant in Emene...

LCCI calls for accountability from NGIF fund managers

The Lagos Chamber of Commerce and Industry has called on the newly appointed managers of...

Why Nigerian project managers must be certified – CIPM

The Chartered Institute of Project Managers of Nigeria has affirmed its commitment to ensuring that...

FCCPC issues traders one-month deadline to reduce prices nationwide

The Federal Competition and Consumer Protection Commission has announced a one-month moratorium for traders and...

Salesforce shares rise 4%, eyes additional $9bn to market capitalization

Salesforce shares rose to 4% on Thursday as investors responded positively to the company’s strong...