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 provide a huge financial boost for the…
News
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, France court proceeding that followed the country’s…
Banking sector benefiting from IFRS adoption – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso announced that the Nigerian banking and financial system are currently benefiting from…
5,000MW power generation unacceptable – Adelabu
The Minister of Power, Adebayo Adelabu says it is unacceptable that Nigeria, a country with a population of over 200 million, can’t…
FG, Equatorial Guinea partner to build gas pipeline
An agreement to build a gas pipeline across the Gulf of Guinea has been signed by Presidents Bola Tinubu and Teodoro Mbasogo…
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 website was likely caused by a domain…
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 the central bank’s successive interest rate hikes…
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 from 9,000 moves recorded in 2023 to…
TCN distances self from Benin DisCo power outages
The Transmission Company of Nigeria has debunked the allegation by the Benin Distribution Company that it is responsible for the power outages…
NCDMB targets 70% local content in petroleum sector
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Felix Ogbe, has announced that the board targets 70 per cent…
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 of the Dangote Group, which comprises Dangote…
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 staple foods. This initiative follows the approval…