Latest News
-
363Industry & MoneySenate Queries $1.5b Spent On Port Harcourt Refinery
Amid pervasive allegations of sabotage in the petroleum industry, the Senate has raised questions over the $1.5 billion approved in 2021 for...
-
357Economy & MarketFuel Imports Gulp ₦2tr Monthly –FG
President Bola Tinubu has disclosed that the country spends N2tn monthly to import petrol and diesel. Tinubu stated this during his recent...
-
308Local News151 Companies Apply for CREDICORP’s Consumer Credit
Sequel to the success on its recent Expression of Interest (EOI) campaign for financial institutions, the recently established Nigeria Consumer Credit Corporation...
-
301AgricultureFood Security: NIRSAL Empowers 2,000 Farmers in 4 States
To boost food security in Nigeria, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc recently concluded a comprehensive midyear...
-
294Banking & FinanceCBN Sells $876.26m to 26 Banks in Latest Retail Dutch Auction
In a decisive effort to ease the strain on Nigeria’s foreign exchange market and enhance transparency in pricing, the Central Bank of...
-
410Money MarketStock Market Reverses Losses
EQUITIES The domestic stock market reversed yesterday’s losses as buying interests in OANDO (+10.0%) and FBNH (+4.6%) underpinned market’s performance. As a...
-
66AgricultureFCMB and FMO Seek Agricultural Solutions in Nigeria with Agritech Hackathon
First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) are joining forces to ignite innovation in Nigeria’s agricultural sector...
-
307Industry & MoneyFG Moves to Revive Moribund Cotton, Textile Industry
The federal government, in collaboration with the International Cotton Advisory Committee (ICAC), has commenced moves towards resuscitating Nigeria’s moribund cotton industry. The...
-
299Banking & Finance
CBN Okays Unity, Providus Banks’ Merger Arrangement
The Central Bank of Nigeria (CBN) has given a node for the merger arrangement between Unity Bank Bank and Providus Bank. A...
-
342Economy & MarketCredit to Economy falls 1.5% to ₦102.7tr
Banks’ lending to the economy fell by 1.5 per cent, Month-on-Month, MoM to N101.2 trillion in June from N102.7 trillion in May....
