Browsing Category
Business
Coming soon is database for crude oil transportation tariff
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled plans to gather accurate and trustworthy information necessary to choose the best tariff methodology for the country's bulk storage and…
Top CBN officials will discuss the naira crisis on Monday
The management team of the Central Bank of Nigeria will meet on Monday to discuss the crisis that the naira redesign program has caused and to develop solutions for the severe cash shortage that has almost brought the nation to a…
We Don’t Have Capacity To Print New Notes – Emefiele
Amidst the cash crisis bedevilling the country and the expectations of Nigerians that President Muhammadu Buhari would resolve the matter in seven days as promised, the governor of the Central Bank of Nigeria (CBN) has said the apex bank…
Council of state asks Buhari to direct CBN to print more new naira notes or allow circulation of old…
way of ensuring adequate provision being made with regard to the supply of the naira in the system.’’
Speaking on the outcome of the meeting, Governor Ishaku stated that it proffered a number of suggestions to the President,…
Breaking: Ganduje, Akeredolu sue Buhari, CBN to court over Cash Withdrawal limits
In response to the directive issued by the Central Bank of Nigeria restricting daily cash withdrawals from banks, the Ondo State Government filed a lawsuit against the Federal Government before the Supreme Court of Nigeria, Abuja.
Ondo…
Naira scarcity: Instant payments hit N38 trillion in January
Due to the Naira shortage brought on by the Central Bank of Nigeria's redesigned naira and cash withdrawal policy, instant electronic payment reached N38.77 trillion in January 2023, up 45.52 percent from N26.65 trillion in January 2022.…
The best investment you can make in Nigeria, is in yourself – Andrew Nevin
Don't put all your eggs in one basket as a Nigerian investor, suggests Dr. Andrew Nevin, Advisory Partner & Chief Economist of PricewaterhouseCoopers (PwC) West Africa.
He promoted portfolio diversification due to the frequent…
Gov. Ugwuanyi promises to support creator of battery-operated cooking stove
The governor of Enugu State, Ifeanyi Ugwuanyi, has stated that his administration will support a local from Amagunze in the Nkanu East Local Government Area who created the battery-powered cooking stoves that are currently trending on…
Dangote visits trade shows in Ogun and Kaduna and promises increased investment
The management of the Pan-African conglomerate, Dangote Group, has announced its partnership with Ogun and Kaduna states Chamber of Commerce and Industry to stage this year's International Trade fair with a promise to invest more in…
Lawmakers Lament as Nigeria’s Debt Reaches an All-time High of N42.84trn
At the resumption of plenary yesterday, the House of Representatives joined the growing number of Nigerians who have expressed concern that the country may be approaching a debt trap, as the Debt Management Office (DMO) revealed that…