Business

The Federal Government of Nigeria has taken a significant step towards addressing critical infrastructure needs, requesting a $500 million loan from the World Bank to improve dam safety and enhance water resource management across the…

In a swift response to the weekend's mass disconnections, the Nigerian Communications Commission (NCC) has ordered the immediate reactivation of all mobile lines disconnected due to NIN-SIM verification issues. This was…

The Federal Executive Council, FEC, on Monday approved the sale of crude oil to Dangote Refinery and other local refineries in the local currency instead of dollars. Chairman of the Federal Inland Revenue Service,…

With the July 31 deadline looming, Telecommunications companies in Nigeria have started blocking mobile lines that have not complied with the National Identity Number (NIN)-Subscriber Identity Module (SIM) linkage requirement,…

The Securities and Exchange Commission has granted Nigerian Exchange Limited to launch its Impact Board, a platform to enhance the listing and visibility of sustainability-focused instruments. NGX announced this in a…

The Nigerian Airspace Management Agency (NAMA) has announced plans to increase the unit rate/minimum charge for en-route air navigation services from N2,000 to N18,000. Umar Farouk, managing director (MD) of NAMA,…

The Energy Transparency Initiative (ETI) has expressed dismay over the recent statements made by the Deputy Spokesman of the Federal House of Representatives, Phillips Agbese, concerning the Nigerian National Petroleum Corporation…

In a bid to stop the recent slide of the naira, the Central Bank of Nigeria (CBN) has taken decisive action, disbursing $148 million to 29 authorized dealers. The apex bank make this known in a statement on Friday.…

The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for the first half of 2024 has exceeded its budgetary targets. Edun, announced this at a…