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The CBN has revoked 46 licenses of microfinance banks, aiming to consolidate the sector and realign deposits. This move is expected to strengthen Nigeria's financial landscape.
Kayode Tokede The Nigerian stock market yesterday sustained its positive momentum, advancing by N1.86 trillion as investors renewed interest in MTN Nigeria Communications Plc, Dangote Cement Plc, and 52 others.
Kayode Tokede On the back of improved economic indicators in Nigeria, the overall market capitalisation of all listed securities on the Nigerian Exchange Limited (NGX) recorded a staggering gain of
A UN survey indicates that economic struggles are the primary barrier for Nigerian youth in starting families. The findings suggest that financial hardship, rather than changing societal values, is the main issue.
Global oil prices climbed to $74 after tanker attacks near the Strait of Hormuz, renewing fears of supply disruptions. Learn how these incidents impact oil
The APM has unveiled a plan aimed at revitalizing Nigeria's economy and addressing ongoing security issues. The initiative highlights concerns over rising poverty, unemployment, and inflation despite the country's abundant resources.
President Bola Tinubu has called on Afreximbank to enhance its efforts in mobilizing resources for Africa's industrial development. The bank has previously committed $20 billion to the Nigerian economy over the last five years.
President Tinubu has called on Afreximbank to mobilize funds to support Africa's industrial development. This initiative aims to enhance economic growth across the continent.
The National Pension Commission (PenCom) is positioning Nigeria’s pension industry for a bigger role in financing long-term economic growth, unveiling read more PenCom moves to deepen capital market investments, improve pension outcomes
The Nigerian stock market has experienced a bullish rally, resulting in a significant N1.86 trillion gain for investors. This upward trend reflects growing investor confidence in the market.
Nigeria's ICT sector has experienced its first decline in Company Income Tax in four years due to rising operational costs and insecurity. This downturn reflects significant challenges facing the industry and its growth potential.
The Nigerian National Petroleum Company (NNPC) Limited said it saved a staggering $3.4 billion over the past year by aggressively read more NNPC says cost-optimisation drive yielded $3.4bn savings in 12 months
Olawale Ajimotokan in Abuja The Federal Capital Territory Internal Revenue Service (FCT-IRS) has launched Taxporta, a new digital tax management platform to simplify tax administration and enhance compliance.The Executive Chairman
Nigeria's Petroleum Minister announced the country's readiness to contribute to global energy solutions, highlighting its vast natural gas reserves. With 215 trillion cubic feet of proven reserves, Nigeria is positioned as a key player in the energy sector.
… races to expand oil, gas capacity as global buyers seek more crude …industry warns country cannot afford to miss read more FG admits oil demand from US, Europe, Middle East outstrips supply
The core investor is tabling N590.94 to purchase each of the shares, which were quoted at N562.8 per unit at the start of trade on Lagos’ Customs Street on Tuesday, placing the offer at a 5 per cent premium above the market price. The post Emerald HoldCo makes N6.9 billion take...
Professor Nentawe Yilwatda reports that President Bola Tinubu's intervention programs are providing significant economic benefits to millions of Nigerians. These initiatives are particularly supporting entrepreneurship across the country.
The capacity audit would aid in identifying service providers that are able to support major capital projects such as the seven deep-water projects The post NCDMB, NUPRC, NMDRA, others, to conduct joint industry capacity audit appeared first on Premium Times Nigeria.
South Africa recorded negative Foreign Direct Investment inflows last year for the first time since 1990, as multinational companies repatriated read more Why Africa’s largest economy saw its first negative FDI inflows since 1990
By Innocent Anaba A Federal High Court in Lagos has nullified the N60 billion sanction imposed by the Advertising Regulatory Council of Nigeria, ARCON, on Facebook Nigeria Operations Limited over alleged unapproved advertisements targeted at the Nigerian market. The court held th...
NNPC Limited has successfully saved $3.4 billion through contract restructuring. GCEO Bayo Ojulari presented an annual performance report showcasing significant efficiency gains.
It will take around 30 months to build the facility in East Africa's largest economy. Initially, Tanzania was also one of the locations considered for the refinery. The post Dangote Picks Kenya For East African Mega Refinery appeared first on Channels Television.
Renaissance Africa Energy Company Limited said it has found a significant new pool of light oil off Nigeria’s coast, the read more Renaissance strikes light oil off Nigeria’s coast
As Africa’s digital economy continues to evolve, Princewill Chuka Egbujor, Nigerian entrepreneur and digital strategist is positioning knowledge monetization as read more Nigerian digital entrepreneur Princewill Chuka Egbujor expands access to knowledge monetization throu...
Nigerian oil firms are burdened by over 270 taxes, eroding investment gains from the PIA. They seek a review as Nigeria joins the IEA.
The FAO is distributing seeds and fertilizers to 210,000 farmers in North-East Nigeria to enhance food security. This initiative aims to support those affected by conflict in the region.
Title: How do automated market makers help you earn interest on XRP? Description: Using automated market makers allows XRP holders read more Using automated market makers to effectively earn interest on XRP
Foreign exchange analysts say the naira’s performance will continue to depend on dollar liquidity, inflows from oil exports, foreign portfolio investment, and the Central Bank of Nigeria’s interventions in the FX market. The post Naira To Dollar Exchange Rate Today, July 7, 2...
Brent crude futures gained 85 cents, or 1.2%, to $72.84 a barrel, while U.S. West Texas Intermediate crude rose 74 cents, or 1.1%, to $69.29 a barrel as of 0645 GMT, after settling down at around pre-Iran war levels on Monday. The post Oil Gains As Focus Shifts To Demand, Supply ...
A major private sector investment aimed at tackling Nigeria’s chronic electricity shortage while boosting industrial production is taking shape in read more Nigeria eyes industrial boost as African industries set to build multi-billion naira solar steel plant in Niger State