Afreximbank has pumped over $50 billion into Nigeria’s economy in the last ten years. The bank said the money was spread across major sectors like energy, manufacturing, healthcare, transport, infrastructure, …
Economy
- BusinessEconomyFinance & ServicesGOVERNMENT
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin the payment of the first tranche of liquidation dividends to depositors of the now-defunct Heritage Bank. The move …
The Non-Academic Staff Union of Educational and Associated Institutions (NASU) has warned the Federal Government against the selective release of the N50 billion Earned Allowance and delays in implementing agreements …
APM Terminals has restated its readiness to invest $500 million to expand its operations in Nigeria, as part of efforts to boost the country’s maritime industry and improve port efficiency. …
Temile Development Company Limited (TDC), a Nigerian firm, has announced a major boost in its investment in the country’s gas sector. The company now has over $450 million worth of …
- EconomyFinance & ServicesPolicies
CBN Reports $20.93bn Remittance Inflow, $6.83bn Balance of Payments Surplus for 2024
The Central Bank of Nigeria (CBN) has announced that personal remittances into Nigeria rose to $20.93 billion in 2024, representing an 8.9% year-on-year increase. This was revealed in a statement …
- EconomyFinance & ServicesGOVERNMENTINVESTMENT
PenCom Invests ₦5.51tn in Real Sector to Boost Economic Growth
The National Pension Commission (PenCom) has disclosed that a total of ₦5.51 trillion from Nigeria’s pension funds has been invested into key sectors of the economy to support long-term development …
Nigeria’s oil and gas industry has recorded a major milestone as local fabrication capacity has now surpassed national demand, allowing Nigerian companies to offer fabrication services to other African countries …
- Banking, Finance & InvestmentEconomyPolicies
NDIC Set to Begin First Tranche of Heritage Bank Liquidation Dividend in April
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin paying the first tranche of liquidation dividends to depositors of Heritage Bank before the end of April 2025. …
The Federal Executive Council (FEC) has ordered the full implementation of the Naira-for-Crude agreement between the Federal Government and local oil refiners, a move aimed at strengthening Nigeria’s local refining …