Category: News

CBN sells treasury bills at 22.1% stop rate

The Central Bank of Nigeria has sold one-year Treasury Bills at a stop rate of...

FG to raise $500m in domestic foreign currency bonds

The federal government has said it intends to issue $500 million in bonds denominated in...

FCMB records N64.2b pre-tax profit in H1 2024

FCMB Group reported a profit before tax of N64.2 billion in the first half of...

Nile Media Group announces Moses Babatope as CEO  

A well-known figure in the Nigerian film industry, Moses Babatope has been named the CEO...

Increase sweetened beverage tax to reduce sugar consumption, expert tells FG

Public health expert, Dr. Francis Fagbule has urged the Nigerian government to raise the 2021...

Eni gets approval to sell Nigerian Agip Oil to Oando

Italian oil major Eni has secured approval from the Nigerian Upstream Petroleum Regulatory Commission to...

Abuja DisCo, Transafam Power sign MoU for 50MW power project

The Abuja Electricity Distribution Company has entered into a significant agreement with Transafam Power Ltd....

“Inside Out 2” breaks animated film records with $1.46bn

Disney and Pixar’s “Inside Out 2” has shattered records in animated cinema, surpassing $1.46 billion...

Food prices surge by over 200% in June – NBS 

Prices for staple foods like tomatoes, beans, and garri increased dramatically in June 2024 when...

Windfall tax harmful to Nigerian banks, say Moody’s, CIBN

International rating company, Moodys and the Chartered Institute of Bankers of Nigeria have drawn attention...

Nigeria’s imports reliance frustrating power sector development – Adelabu

The Minister of Power, Adebayo Adelabu, has stated that the nation’s reliance on imports for...

FG warns IOCs against disregarding gas flare directives

The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to refrain from...