The end of December timeline for mechanical completion of the Port Harcourt Refinery Company (PHRC) remains…
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Inflation rate rises to 28.20% for November as Nigerians enter yuletide season
In November 2023, the overall inflation rate rose to 28.20%, surpassing the October 2023 rate of…
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Banks to disconnect non-deposit financial institutions from funds transfers
The Nigeria Inter-Bank Settlement System (NIBSS) has directed banks, and other financial institutions to disconnect switches, payment…
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Banks fail CBN’s stress test on foreign operations
Eight commercial banks have fallen short of the Capital Adequacy Ratio (CAR) required for international authorisation,…
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Nigeria’s Oil Revenue Surges By 83% – NBS Report Says
This is as Nigeria’s foreign trade in the period under review experienced a rise by 53.16…
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FG disburses N150bn grants, loans to small business owners
The federal government has approved the disbursement of N150 billion grants and loans to small business…
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Nigeria to get $134 million agricultural loan from African Development Bank
In a significant move aimed at bolstering Nigeria’s agricultural sector, the African Development Bank (AfDB) has…
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CBN revises measures to cut food, energy inflation
A new price management and stability framework that will lead to improvement in average living standards…
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Fed Govt, World Bank launch $750m programme for business reforms
The Federal Government has partnered with the World Bank to introduce a new initiative called the…
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NNPC Targets N2trn Profit From 2022 Operations
The Nigerian National Petroleum Company (NNPC) Limited is aiming to declare a profit of N2 trillion…
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