CBN grants provisional licence to Greenwich Merchant Bank
Greenwich Merchant Bank has secured approval in principle from the Central Bank of Nigeria to transition into a holding company structure. This…
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JUST IN: CBN lifts ban stopping Opay, Palmpay, others from onboarding new customers
Alex Omenye The Central Bank of Nigeria has lifted a six-week ban on onboarding new customers for five of the country’s leading…
FG offers N1bn loan at 9% interest – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the federal government is offering credit facilities…
Flights cancelled as NLC halts operations at Lagos, Abuja airports
The Organized labour has blocked all entry points to aviation agencies at Murtala Muhammed International Airport in Ikeja, Lagos, and Nnamdi Azikiwe…
Blackout as striking workers down national grid
The Transmission Company of Nigeria has announced that the Labour union has shut down the national grid, causing a blackout as a…
CBN revokes Heritage Bank’s license
The Central Bank of Nigeria has revoked the banking license of Heritage Bank. This comes following a report that officials from the…
NIPC grants tax holidays to 12 companies in Q1 2024
Alex Omenye The Nigerian Investment Promotion Commission has granted tax holidays to 12 companies in the first quarter of 2024 under the…
Nigeria fulfills IMF obligations with no overdue payments — Report
The International Monetary Fund, an international organisation that provides financial assistance to countries facing economic difficulties, has released Nigeria’s financial position report…
Bus fares dropped in Nigerian cities, says NBS report
The average fare paid by commuters for bus journeys within Nigerian cities declined slightly by 0.16%, from N969.32 in March 2024 to…
Nigerian Breweries completes takeover of 80% stake in Distel
Nigerian Breweries Plc has announced the completion of the acquisition of an 80% controlling stake in Distel Wines and Spirit Nigeria Limited…
Beneficiaries of fuel importation hinder refinery construction – Dangote
Africa’s richest man and owner of the $20 billion Dangote Refinery, Aliko Dangote, has stated that those profiting from fuel importation are…
Customs, FAAN ranked worst-performing agencies in May 2024
Nigeria’s Official Public Service Complaint website, ReportGov.Ng, has identified the Nigeria Customs Service, the Nigeria Electricity Management Service Agency, and the Federal…