The National Council on Privatisation (NCP) has announced that it is exploring the possibility of merging the Bank of Agriculture with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd. The council intends to inject fresh capital into the institutions...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday said that the anticipated public listing of the company’s shares at the stock market as provided for in the Petroleum Industry Act (PIA)...
The Central Bank of Nigeria (CBN), yesterday, announced that all valid Foreign Exchange (FX) backlogs owed various sectors of the economy had been settled. The FX settlement fulfilled a key pledge of the CBN governor, Mr. Olayemi Cardoso, to...
Thirteen companies quoted on the Nigerian Exchange Limited (NGX) survived macro economic challenges in 2023 to generate N9.44 trillion revenue, representing an increase of 30.5 per cent from N7.23 trillion reported 2022. Analysis of the companies’ results showed that...
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and commodities, increased by 1.80 per cent to 31.70 per cent in February compared to 29.90 per cent in the preceding month, the National...
In the 2024 ranking of the Henley Passport Index, Nigeria has claimed the 95th spot among the world’s passports, lagging behind countries like Ghana, Guinea, Kenya, Lesotho, Morocco, Benin Republic, and Namibia. While Nigeria holds its position in the...
Saudi Arabia has cancelled the visa of all the 264 passengers airlifted by Nigeria’s major carrier, Air Peace, on arrival in Jeddah from Kano and insisted that the airline should return them back to Nigeria. It later allowed 87...
The Edo State Governor, Mr. Godwin Obaseki; Chairman of the Board of Trustees, Alaghodaro Economic Summit Limited/Gte, Dr. Asue Ighodalo, and the Chairman and Chief Executive Officer of the Dangote Group, Aliko Dangote, and other guests at the 2023...
The Government of Saudi Arabia has pledged investment in the revamping of Nigeria’s refineries. It also indicates interest in providing financial support to sustain the government’s determination of reforming the foreign exchange.Saudi Crown Prince Mohammed bin Salman made these...
The National Industrial Court, on Friday, restrained the Nigeria Labour Congress, NLC, Trade Union Congress, TUC, as well as their affiliates from embarking on any form of strike or industrial action.The organized labour were ordered to stop their planned...
