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...

To enhance transparency and clarify the banking landscape in Nigeria, the Central Bank of Nigeria (CBN) has unveiled a comprehensive list of licensed Deposit Money Banks operating within the country. The...

The Nigerian National Petroleum Company (NNPC) Limited has issued a statement cautioning against panic buying of Premium Motor Spirit (PMS), commonly known as petrol. Following nationwide monitoring of...

The Central Bank of Nigeria (CBN) has set a July 7, 2024 deadline for Point of Sale (PoS) operators to complete registration with the Corporate Affairs Commission (CAC), it was revealed at a meeting in...

The Central Bank of Nigeria (CBN) has issued a directive instructing deposit money banks in the country to impose a 0.5% cybersecurity levy on transactions. The decision, conveyed through a circular dated...

ByteDance, the Chinese parent company of TikTok, has adamantly declared that it has no intentions of selling the popular video-sharing app despite recent US legislation threatening a ban if it refuses...