OLUWATOBI ODEYINKA writes on the remarkable achievements of Nigeria’s instant payment system, as well as the pressing challenges that Nigerians face when making digital payments. Mrs...
In a bid to promote a cashless policy, the Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000...
Justice Benedict Kanyip of National Industrial Court, Abuja, on Tuesday, withdrew from separate suits filed by 62 recently sacked staff of Central Bank of Nigeria (CBN)....
The Nigerian equities market crossed the 100,000 basis points at the close of trading on Tuesday. After five hours of trading today, the equity capitalisation rose...
The Senate has taken a significant step towards restoring Nigeria’s monetary sovereignty by proposing a legislation to ban the use of foreign currencies for salaries, transactions,...
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has stated that achieving a $1 trillion economy is not just an ambitious...
The Nigerian equities market began the week on a positive note as investors gained N374bn on the trading floor of the Nigerian Exchange Group (NGX) on...
Shell and its partners have invested $5 billion in the Bonga North Deep Offshore Field. The Bonga North oilfield located 130 kilometres offshore in Oil Mining...
The Federal Government is poised to raise N120 billion through the auction of two Federal Government Bonds. According to the Debt Management Office (DMO), the bond...
Nigeria’s inflation rate spiked to 34.60 percent in November. The country’s inflate rate stood at 33.88 per cent in October. The National Bureau of Statistics (NBS)...
Binance, Bybit and OKX are among the top three cryptocurrency platforms in 2024, according to data from Defilama, a tool used to track and analyze on-chain...
Investors in the Nigerian equities market enjoyed a profitable week earning a massive N707.61 billion in profit on the trading floor of the Nigerian Exchange Group...
The Central Bank of Nigeria (CBN) has vowed to impose a N150 million fine per branch on any bank releasing naira notes to currency hawkers in...
Investors in the Nigerian equities market continued to enjoy a profit-making streak smiling home with a massive profit of N707.61 billion on the trading floor in...
The Central Bank of Nigeria (CBN) on Friday told Nigerians to disregard all misinformation on the validity of the old Naira notes. The apex bank was...
The three tiers of government on Friday shared the sum of ₦1.72 trillion as revenue allocation for November. The Director of Press and Public Relations in...
The National Bureau of Statistics (NBS) said on Friday revenue from railway passengers and cargo rose to N1.70 billion in the third quarter of this year....
The Nigerian equities market capitalization crossed the N60 trillion mark at the close of trading on Friday. This followed the surge in the share prices of...
Nigeria’s Access Bank Plc is poised to expand its frontiers by offering to acquire South African Bidvest Bank Holdings Limited. According to a statement by the...
The National Pension Commission (PenCom) has decried the effects of high inflation, devaluation of the naira, and the lingering effects of unorthodox monetary policies on the...
The Nigerian equities market maintained its profit-making streak with another N152bn profit for investors on the trading floor of the Nigerian Exchange Group (NGX) on Thursday,...
Seplat Energy Plc has allayed fears of lay-off of workers as it completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. This was...
In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery,...
Nigeria has retained its position as Africa’s largest oil producer. In its latest Monthly Oil Market Report (MOMR) released on Wednesday, the Organisation of Petroleum Exporting...
The Nigerian equities market sustained the previous day’s profit-making with another N183 billion profit for investors at the close of trading on Wednesday. This followed a...
Nigerians were once again left in darkness on Wednesday following the collapse of the country’s power grid. The grid which has suffered persistent failures this year,...
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, on Wednesday, issued a statement addressing the Revenue Mobilisation Allocation and Fiscal Commission’s (RMAFC)...
The United Kingdom has expressed happiness at a productive collaboration with the Central Bank of Nigeria (CBN) and other Nigerian agencies to track illicit financial flows...
The Organisation of the Petroleum Exporting Countries (OPEC) members have appointed a Nigerian, Mr. Ademola Adeyemi-Bero, as Chairman of the Board of Governors for 2025. The...
The Nigerian equities market rebounded from the previous day’s loss with a profit of N60 billion for investors at the close of the day’s trading. This...
The Nigerian Civil Aviation Authority (NCAA) on Tuesday vowed to sanction any airline that delay the refund of tickets to passengers. The NCAA Director of Public...
The Nigerian equities market began the new week on Monday, December 9, 2024 with a loss, as investors lost N62bn at the end of the trading...
The Dangote Petroleum Refinery and Petrochemicals on Monday sought to amend its suit against the Nigerian National Petroleum Company Limited (NNPCL) and others at the Federal...
Investors in the Nigerian equities market enjoyed profitable sessions and earned a massive N426.68 billion as profit on the trading floor of the Nigerian Exchange Group...
Festus Keyamo, the Minister of Aviation and Aerospace Development, has disclosed that the Department of State Services (DSS) has no business searching passengers’ bags at the...
Amid the ongoing tax reform uproar in Nigeria, the Nigerian government has raked in the sum of N1.78 trillion from Value Added Tax (VAT) in the...
The Federal Competition and Consumer Protection Commission (FCCPC) has criticized Air Peace for allegedly attempting to disrupt its ongoing investigation into claims of exploitative ticket pricing...
The Petroleum Products Retail Outlets Owners Association (PETROAN), on Friday, concluded arrangements with the Dangote Petroleum Refinery to directly lift petroleum products for distribution to depots...
Investors in the Nigerian equities market smiled raking in a massive N426.68 billion as profit on the trading floor. This follows a loss of N185.59 billion...
The National Bureau of Statistics (NBS) has disclosed that Nigeria recorded N5.81 trillion trade surplus in the third quarter (Q4) of 2024. A trade surplus occurs...
The issue of arbitrary exploitation by Point of Sales (PoS) operators has gotten the attention of Vice President Kashim Shettima who has called on the Central...
Investors in the Nigerian equities market gained N58 billion at the close of trading on Friday. This followed a surge in the share prices of stocks...
The Federal Competition and Consumer Protection Commission (FCCPC) has insisted on probing Air Peace for allegedly exploiting its customers. This is even as the consumer rights...
The Organisation of Petroleum Exporting Countries (OPEC), Thursday, December 5, 2024, extended Nigeria’s oil production quota of 1.5 million barrels per day (mbpd) to 2026 The...
The Nigerian Consumer Credit Corporation (CrediCorp) and the National Automotive Design and Development Council (NADDC) have launched a N20 billion consumer credit fund to enable Nigerians...
The yo-yo movement of the Nigerian equities market continued on Thursday as investors lost N36 billion at the close of the day’s trading. This followed the...
For the first time since it was launched, Bitcoin, the world’s most valuable cryptocurrency by market capitalisation, reached a threshold of $100,000 on Thursday, December 5,...
Investors in the Nigerian equities market gained N286 billion at the close of the trading on Wednesday. This followed a surge in the share prices of...
The Senate on Wednesday passed the Investment and Security repeal and re-enactment Bill, 2024. This followed the adoption of report of the Senate Committee on Capital...
The Central Bank of Nigeria (CBN) has released a list of designated contacts for bank customers to report any banks whose Automated Teller Machines (ATMs) are...
