Inflation may worsen as Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn as of December 2021 to N19.01tn as of …
Category:
Western Africa
The Nigerian insurance sector grew by 15.68 per cent in the first quarter of the 2022 financial period, according to figures obtained from the National Bureau of Statistics, NBS, on …
The Nigerian National Petroleum Company (NNPC) Limited has revealed that the citizens consumed 966.58 million litres of petrol in two weeks. In the latest Premium Motor Spirit (PMS) distribution data …
First Bank Holdings Plc, Unity Bank Plc and Union Bank Plc have been fined N13.5 million by the Nigerian Exchange Limited (NGX) for failing to file their financial statements before …
Nigeria is West Africa’s largest recipient of Foreign direct investment (FDI) as its flow doubled to $4.8 billion in 2021, due to resurgence in investments in the oil and gas …
The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty. According to a report obtained via a World Bank newsletter …
Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far repaid a total of $3.72bn to five international oil firms, leaving an outstanding balance of …
Mainstream Energy Solutions Limited (MESL), operator of the 760 megawatts (MW) Kainji hydropower plant and the 578MW Jebba hydro, has begun an $89 million (about N37.2 billion) project to add …
To drive non-oil exports, the Nigerian Export Promotion Council (NEPC) has launched a Trade House in Cairo, Egypt while targeting to launch such in seven other countries. The Trade House …
The Central Bank of Nigeria (CBN) is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). Kingsley Obiora, the …