The Central Bank of Nigeria (CBN) has announced the lifting of forex restrictions on the importation of milk and dairy products in the country, in a move aimed at pushing down prices.
According to a CBN...
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Ltd., has emphasized the need for a differentiated approach to energy transition in Africa, particularly...
In a significant development for Zenith Bank Plc, the Board of Directors has announced the appointment of Dr. Adaora Umeoji as the Group Managing Director/Chief Executive Officer. This announcement, revealed...
In a bid to alleviate the plight of vulnerable households and less privileged families, Fidelity Bank Plc has extended a helping hand by distributing over 3000 food items in Gusau, Zamfara State.
This...
In February 2024, Nigeria experienced a significant spike in headline inflation, soaring to 31.70% compared to 29.90% in January 2024, marking a notable increase of 1.80%. This surge, as reported by the...
In a bid to address the soaring food prices in Nigeria, the Central Bank of Nigeria (CBN) has earmarked N100 billion and 2.15 million bags of fertilizers for the Ministry of Agriculture. Governor Olayemi...
The Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.
Effective from March 18, 2024, for one month,...
Cryptocurrency exchange, Binance, has announced intentions to cease all operations associated with the Nigerian naira.
Binance, a platform for exchanging cryptocurrencies, faced accusations of exploiting...
The Central Bank of Nigeria (CBN) has taken a decisive step by revoking the licenses of 4,173 Bureaux De Change Operators, citing their failure to adhere to regulatory provisions. The announcement came...
In a bid to tackle the hurdles hindering the effective development of divested assets in Nigeria’s oil and gas industry, the Nigerian National Petroleum Company Limited (NNPC Ltd) has advocated...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have vowed to collaborate closely in achieving Nigeria’s goals of attracting...
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has implemented a significant adjustment, raising the Monetary Policy Rate (MPR) by 400 basis points to 22.75% from its previous rate...
In a compelling address at the Ministry of Finance Incorporated (MOFI) Public Wealth Management Conference in Abuja, Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum...
The Lagos State government has reiterated its intention to relocate the Computer Village from Ikeja to the ICT Park in Katangowa, within the Agbado/Oke-Odo Local Council Development Area.
Speaking with...
Access Holdings Plc has named Bolaji Agbede as the Acting Group Chief Executive Officer in the wake of Herbert Wigwe’s tragic demise. Wigwe, the former Group Chief Executive Officer, lost his life...
TotalEnergies, a prominent French oil corporation, has revealed intentions to offload its minority share in a significant Nigerian oil consortium. The company articulated its desire to divest from the...
President Bola Tinubu has instructed the Ministry of Agriculture and Food Security to release approximately 42,000 metric tons of maize, millet, and other commodities from strategic reserves to alleviate...
MultiChoice Group, a major Pan-African television broadcaster, has settled a tax dispute with Nigerian authorities. MultiChoice subsidiaries MultiChoice Nigeria and MultiChoice Africa Holdings will pay...
Following President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to enhance production from the nation’s oil and gas resources, the Company proudly announces...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to liquidate their surplus dollar reserves by February 1, 2024, in an effort to stabilize the country’s volatile exchange...
