Nigeria’s credit penetration hits 14% – CRC
Credit penetration in Nigeria has increased to 14%, owing largely to the work of CRC Credit Bureau Limited, Nigeria’s leading credit bureau…
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NOSDRA, Aiteo probe fresh Bayelsa oil spill
Aiteo Eastern Exploration and Production Company, which operates the NNPC/Aiteo Joint Venture on OML 29, has announced that it has commenced investigations…
Carbon shuts down debit card operations in Nigeria
Nigerian fintech company Carbon has announced the termination of its debit card operations in Nigeria, just two years after its launch. The…
Price of of cooking gas rose by 13.75% in May 2024
The average retail price of a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 13.75%, rising from N6,521.58 in April…
Binance exec Gambaryan seeks compensation for detention in Nigeria
A senior executive at Binance, Tigran Gambaryan, has petitioned the Federal High Court in Abuja to award costs against the Office of…
Ramaphosa pledges to strengthen trade partnership with Nigeria
South African President Cyril Ramaphosa has reaffirmed his commitment to maintaining a strategic partnership with Nigeria, following the announcement that South Africa…
Customs revenue rises by 74%, hits N4.5tn in one-year
The Nigeria Customs Service stated on Wednesday that its revenue climbed 74% to N4.49 trillion between June 2023 and May 2024, compared…
Nigeria, UK’s trade dips by 25% in Q1 2024
Nigeria’s total trade with the United Kingdom fell by 25% in the first quarter of 2024 despite the higher value realized from…
Nigeria seeks extension on World Bank’s $800m loan deadline
Nigeria has requested an 18-month extension on the closing date of the World Bank’s $800 million palliative loan in a calculated decision…
Illicit trade, a barrier to economic growth – WTO
The World Trade Organisation has said that illicit trade damages societies and hinders economic growth and development. This was revealed in a…
NBTE endorse national standards for gas-powered vehicles
The National Board for Technical Education has approved the National Occupational Standards for the conversion, calibration, and maintenance of autogas-powered vehicles and…
Reps: NNPC, Agip, NUPRC, others summoned over alleged $72m diversion
The House of Representatives Committee on Public Petitions has summoned the Nigeria AGIP Oil Company’s managing director and top management staff in…