Category: News

10 banks lend customers N2.9tn in 12 months

Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks...

BoI Group records N62.28bn profit

The Bank of Industry Group on Tuesday said its profit before tax rose by 75...

IMF upgrades Nigeria’s economic growth forecast to 3.4%

The increase in global oil prices has caused the International Monetary Fund to review Nigeria’s...

Five months after Tribunal report, Lagos yet to demolish Ikoyi skyscrapers

Five months after the collapse of a 21-storey building in Ikoyi, Lagos, the state government...

Imported vehicles: Dealers threaten shutdown over 15% levy

As controversy continues to surround the introduction of 15 per cent National Automobile Commission levy...

Fuel subsidy puts Nigerian economy at high risk –World Bank

The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk...

25% of 2022 capital expenditure may not be funded –Economists

ABOUT 25 per cent of the projected N4.5tn capital expenditure in the 2022 Appropriation Act...

Nigeria can’t track importers of substandard products –SON

The Director-General of the Standards Organization of Nigeria, Farouk Salim, has said that in Nigeria,...

PFAs invest N74.54bn in infrastructure, investors eye pension funds

Pension Fund Administrators invested N74.54bn in infrastructure from the N13.76tn under the Contributory Pension Scheme...

FG probes Indorama, Total, 10 others over expatriate quota

The Federal Government has identified Indorama Eleme Petrochemical Limited, International Business Machines West Africa, Stallion...

Heavy security as tolling resumes at Lekki-Ikoyi bridge

There was heavy security at the Lekki-Ikoyi Link Bridge on Friday ahead of the resumption...

NNPC to deliver $2.6bn gas pipeline Q1 2023

The Nigerian National Petroleum Company Limited and its contractor handling the bulk of the $2.6bn...