Business
Bank of Industry’s $5bn Funding Drive: N120bn Set for MSMEs Support
According to Olasupo Olusi, Managing Director of the Bank of Industry, BoI, since 2017, the bank has raised…
Business
Apo Mechanic Market Relocation: 11,000 Traders Transition to Wasa
The Federal Capital Territory Administration (FCTA) has registered 11,000 Apo Mechanic Village merchants and craftspeople to move to…
Business
Telecom Industry Faces Revenue Squeeze Amid 41% User Decline
With the average revenue per user (ARPU) falling 40.87 percent to $1.85 in Q3 2024 from $3.12 in…
Business
Fuel Imports Rise Despite NNPCL’s Local Refinery Promises
The cost of importing fuel reached around ₦3 trillion between October 1 and November 11, putting the Nigerian…
Business
Nigeria’s Foreign Debt Servicing Jumps 107.7% to N3.8 Trillion in Eight Months
Between January and August of 2024, the cost of servicing Nigeria's foreign debt increased by 107.7% to N3.8…
Business
IPMAN Highlights Cost of Petrol for Marketers at Dangote Refinery
According to the Nigerian Independent Petroleum Marketers Association, the cost of gasoline from the Dangote Refinery was N940…
Business
CBN Introduces Innovative Steps to Advance Financial Inclusion
Contractor corruption has been blamed by Mr. Ola Olukoyede, Executive Chairman of the Economic and Financial Crimes Commission…
Business
NNPC Set to Launch 12 CNG Stations
In an attempt to increase the current 1.6 billion cubic feet of gas supply for the domestic market,…
Business
NDIC Initiates Sale of Heritage Bank Assets
The dissolved Heritage Bank's physical assets and landed properties are up for auction nationwide by the Nigeria Deposit…
Business
NPA to Integrate Export Terminals, Domestic Export Warehouses
Nigerian Ports Authority (NPA) has stated that the Export Processing Terminals (EPTs) should be connected to the Domestic…
Business
Nationwide Strike Looms as NUPENG Condemns Naval Officers’ Invasion of Oil Platform in Nigeria
As the Naval Special Forces overran the Oritsetimeyin oil drilling rig to evict workers, the Nigeria Union of…
Business
Trump’s Victory Bolsters Dollar, Signals Possible Decline in Oil Price
Donald Trump's victory in the just ended 2024 US presidential election triggered a jump in the US dollar,…