The Central Bank of Nigeria (CBN) has raised the benchmark lending rate to 26.75%, as announced by CBN Governor Olayemi Cardoso at the conclusion of the 296th Monetary Policy Committee (MPC) meeting held...

President Bola Tinubu has formally requested the Senate’s consideration and approval for the injection of N6.2 trillion into the existing N27.5 trillion 2024 budget. This proposal was read at the...

The International Monetary Fund (IMF) has revised Nigeria’s real GDP growth projection for 2024 downward from 3.3% to 3.1%. This adjustment, revealed in the IMF’s latest global economic outlook report...

The Corporate Affairs Commission (CAC) announced plans to cancel the certificates of incorporation for Bureaux De Change (BDC) operators whose licenses were revoked by the Central Bank of Nigeria (CBN). In...

President Bola Tinubu inaugurated the Presidential Economic Coordination Council (PECC) on Thursday, tasking it with strategizing a way out of Nigeria’s current economic challenges. The Council comprises...

In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on...

Nigeria has won the bid to host the headquarters of the African Energy Bank (AEB), a global multilateral institution dedicated to financing Africa’s hydrocarbon resources and supporting the continent’s...

The Federal Government of Nigeria has settled a backlog of debts amounting to $850 million owed to European airlines. This announcement was made by the European Union Ambassador to Nigeria and the ECOWAS,...

The Federal Government has announced exemptions from withholding tax for farmers, small businesses, and manufacturers. This development was revealed by Taiwo Oyedele, Chairman of the Presidential Committee...

In a significant move to enhance Nigeria’s oil and gas production, the NNPC-TotalEnergies joint venture has announced a $550 million Final Investment Decision (FID) on the Ubeta Field Development...

Access Bank PLC has announced the successful acquisition of African Banking Corporation (Tanzania) Limited (BancABC Tanzania), aligning with its strategic expansion goals. This milestone follows the Bank’s...

In a significant stride towards monetizing Nigeria’s abundant natural gas resources, NNPC Limited has signed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating...

The Central Bank of Nigeria (CBN) has revoked the banking license of Heritage Bank Plc with immediate effect, citing the need to promote a sound financial system in the country. This decisive move was...

To provide alternative fuel sources and alleviate the effects of petrol subsidy removal, the Federal Government has inaugurated a 5.2 million standard cubic feet per day (MMSCFD) Compressed Natural Gas...

…As FG Calls for More Collaboration to Deliver Sustainable Projects In celebration of the one-year anniversary of President Bola Ahmed Tinubu’s administration, the Nigerian National Petroleum...

In a significant move to revitalize Nigeria’s oil and gas industry, NNPC Energy Services Limited (EnServ) and global technology company Schlumberger (SLB) have entered a technical partnership agreement...

The Minister of Aviation and Aerospace Development, Festus Keyamo, has described the unveiling of Nigeria Air by the previous administration as a fraud, stating that the project remains suspended. Speaking...

The Central Bank of Nigeria (CBN) has announced a significant overhaul of the Bureau de Change (BDC) sub-sector to strengthen the foreign exchange market. The new guidelines, effective June 3rd, aim to...

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 150 basis points, bringing it to 26.25% from the previous 24.75%. The CBN Governor, Mr. Olayemi Cardoso, announced during...

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), announced a significant rise in Nigeria’s oil production, reaching approximately 1.7 million...