The Securities and Exchange Commission (SEC) says there is the need to delist the Naira from cryptocurrency Peer-to-Peer (P2P) platforms. The acting Director-General, SEC, Dr Emomotimi Agama, said this at a virtual…
Category: Business
Sugar: Dangote targets 700,000MT domestic production by 2029
Alhaji Aliko Dangote, Chairman, Dangote Sugar Refinery Plc, has unveiled the company’s target of producing 700,000 metric tonnes of refined sugar in the next five years. Dangote, who disclosed this at the…
Dangote further reduces diesel, aviation fuel prices
Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel to N940 and N980 per litre, respectively. The Head of Communication, Dangote Group, Mr Anthony Chiejina,…
Fx liquidity: CBN approves sale of additional $10,000 each to 1,583 eligible BDCs
The Central Bank of Nigeria has approved the sale of an additional 10,000 each dollars to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands. The Director, Trade…
Naira will continue to appreciate against dollar – Shettima
Vice President Kashim Shettima has expressed optimism that the Naira would continue to appreciate against dollar at the forex market. Mr Stanley Nkwocha, spokesperson of the Vice-President in a statement on Saturday,…
NNPC Ltd, First E&P Achieve 20,000bpd Production at OML 85
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset,…
BREAKING: Again, CBN sells $10,000 to BDCs at N1,101/$
The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank…
Women breaking the poverty circle through tricycle business in Ilorin
By Bushrah Yusuf-Badmus In the bustling streets of Ilorin, where the sun beats down and the drum of life reverberates in every corner, there emerges a trailblazer unlike any other in the…
BREAKING: Binance executive in court for arraignment over ‘money laundering’
Tigran Gambaryan, Binance’s head of financial crime compliance, has arrived the federal high court in Abuja for arraignment over allegations of money laundering. On February 28, Gambaryan and Nadeem Anjarwalla, Binance’s regional…
Tariff increase will only affect customers enjoying 20-hour power supply – NERC
The Nigerian Electricity Regulatory Commission (NERC) says the increase in tariff will only affect customers enjoying 20 hour power supply across the country. The commission said that other customers in Bands B,…
Naira appreciates at official market, gains 2.4%
The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the Naira gained N30.81 or 2.35…
NIMASA seeks private sector collaboration to unlock potential in Blue Economy
Dr Dayo Mobereola, Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), has urged the private sector to partner with it to unlock the immense potential in the Marine and Blue Economy. Mobereola…
Zamfara: NDE Trains 50 Women on Surveneir, Tie and Die
From Ibrahim Kaulahi Gusau The National Directorate of Employment (NDE) has selected fifty women from across the 14 local government areas of Zamfara State to undergo a 5-day training on Surveneir and…
Reps move to issue arrest warrant against Binance CEO
The House of Representatives Committee on Financial Crimes has recommended the arrest of the Chief Executive Officer of Binance Holding Ltd over alleged tax invasion and money laundering in Nigeria. The recommendation…
Investors oversubscribe CBN N1trn OMO bills
The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments. A statement issued on Sunday night…
Dangote Expands Operations to Meet Nigeria’s Sugar Production Goal
Dangote Sugar Refinery Plc, a key player in Nigeria’s sugar industry, is steadfast in its commitment to realizing Nigeria’s Sugar Master Plan, positioning the country as a self-reliant force in the global…
Group Decries Activities Of “Illegal” Council Members Of Kano Commerce Chamber
By Abdullahi Yusuf A body,KACCIMA Concerned Group,has decried the activities of an “illegal Council” of the Kano Chamber of Commerce, Industry,Mines and Agriculture(KACCIMA). The group which is made up of registered and…
Air Peace announces N1.2m for London route
Air Peace on Wednesday, announced N1.2 million and N4 million respectively on its London route for Economy and Business classes, effective March 30. This is contained in a statement in Lagos by…
Jigawa Open Talks With IDB, Arab Bank On $50M Investment In Agriculture
By Ahmad Tijjani Abdul, Kano Gov. Umar Namadi of Jigawa state has opened talk with officials of Islamic Development Bank and the Arab Bank for Economic Development in Africa to attract investments…
Saudi Arabia’s OSP Partners with Nigeria for its National LPG Training Program
By Ahmad Muhammad In a significant move towards providing cleaner cooking solutions and creating jobs, The Kingdom of Saudi Arabia’s Oil and Sustainability Program (OSP), through its Clean Fuel Solutions for Cooking…
Ramadan: Kano Essential Commodities’ Dealers Pledge Price Stability
By Abdullahi Yusuf Ahead of the forthcoming Ramadan fast, dealers of essential commodities at the Singer Market, Kano, have pledged to ensure the stability of prices of foodstuff, especially rice, sugar and…
Economics 101 About Current Nigeria’s Economy
By Akib Abiola Why the Naira is falling. Even if an Angel is our President right now, we would still have the same problems unless we Nigerians change our attitudes and spending…
Kano Anti-graft Agency Threatens To Seize Hoarded Goods, Prosecute Culprits
By Abdullahi Yusuf The Executive Chairman of Kano Public Complaints and Anti-Corruption Commission (PCACC), Barrister Muhyi Rimingado, says the commission will not hesitate to seize essential commodities found to have been hoarded by traders…
NNPC, CBN Partner for Smooth Business Operations
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed…
VP Shettima: Tinubu Poised To Enhance Conducive Business Environment At Lekki Freezone
…Receives operators from LFZ at presidential villa The Vice President, Sen. Kashim Shettima, has assured businesses operating in the Lekki Free Zone that the administration of President Bola Ahmed Tinubu remains committed…