Category: News

FG targets $500m W’Bank loan to boost education, health sectors

Nigeria is about to receive a $500 million loan from the World Bank, which would...

Aircrafts seizure: Chinese firm rejects FG’s account in Paris Court verdict

Zhongshan Fucheng Industrial Investment Co. Limited has dismissed the Nigerian government’s account in a Paris,...

Banking sector benefiting from IFRS adoption – Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso announced that the Nigerian banking...

5,000MW power generation unacceptable – Adelabu

The Minister of Power, Adebayo Adelabu says it is unacceptable that Nigeria, a country with...

FG, Equatorial Guinea partner to build gas pipeline 

An agreement to build a gas pipeline across the Gulf of Guinea has been signed...

GTBank website outage due to domain name issue, not hack

Contrary to initial reports suggesting a cybersecurity attack, the recent outage of Guaranty Trust Bank’s...

Nigeria’s inflation rate dips first time in 19 months

Nigeria’s inflation rate has decreased for the first time in 19 months, potentially signaling that...

Apapa Port cargo exports by rail hits 10,000 H1 – Official

Nigerian Ports Authority has stated that the number of cargo shipment by rail has increased...

TCN distances self from Benin DisCo power outages

The Transmission Company of Nigeria has debunked the allegation by the Benin Distribution Company that...

NCDMB targets 70% local content in petroleum sector

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, has announced...

Analysts blame merger denial, forex crisis for Dangote stocks decline

Foreign exchange losses and the Securities and Exchange Commission’s decision to deny the merger proposal...

Customs unveil guidelines for 150-day tariff waiver on major foods

The Nigeria Customs Service has introduced guidelines to implement a 150-day tariff waiver on select...