Economy
FG Explains Delay in Direct Fund Releases to LGAs Despite Supreme Court Ruling
The Federal Government has clarified why the Central Bank of Nigeria (CBN) has yet to commence direct fund allocations to Nigeria’s 774 Local...
NNPCL Undertakes Major Rehabilitation of Pipelines and Depots to Bolster Nigeria’s Energy Infrastructure
The Nigerian National Petroleum Company Limited (NNPCL) has announced a comprehensive rehabilitation project aimed at strengthening the nation's energy infrastructure. In an interview...
Dangote Refinery Adjusts Petrol Prices Due to Global Crude Oil Price Surge
Dangote Refinery has publicly addressed the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, attributing it...
SEC Director General Announces Over N3 Trillion in Collective Investment Schemes for 2024
Dr. Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), has revealed that Collective Investment Schemes (CIS) in Nigeria have...
CBN Promotes Digital Payments as Nigeria Sees N566.39 Trillion in Electronic Transactions
The Central Bank of Nigeria (CBN) has been actively promoting digital payment solutions, leading to a significant rise in electronic transactions. From January...
Tinubu’s Government to Distribute N75,000 to 70 Million Nigerians, Aims to Alleviate Poverty
In a significant move to address economic hardships, the federal government of Nigeria, under President Bola Tinubu, has announced plans to distribute N75,000...
Akwa Ibom State to Implement N80,000 Minimum Wage Starting January 2025
The Akwa Ibom State Government, under the leadership of Governor Pastor Umo Eno, has confirmed the rollout of a new N80,000 minimum wage...
Fidelity Bank Plc Plans to Boost Share Capital to N36.7 Billion
Fidelity Bank Plc has declared its intention to elevate its issued share capital from N26.7 billion to N36.7 billion. This decision was made...
Federal Government to Finalize Bank of Agriculture Recapitalization by Q1 2025
The Federal Government of Nigeria has announced that the recapitalization of the Bank of Agriculture (BOA) will be completed by the end of...
Nigeria Seeks Global Mining Partnerships to Boost Economy
In a bid to reinvigorate Nigeria's economy, the Federal Government has reaffirmed its commitment to forging strategic global mining partnerships. This initiative was...
