FMDQ Securities Exchange transactions hit ₦12.74trn

The FMDQ OTC Securities Exchange recorded 36.13 per cent growth in fixed income and currency markets transactions in July. The company posted transactions worth ₦12.74...

China invests $45 billion on projects in Nigeria

In furtherance of its economic policy, the Belt and Road Initiative, The People’s Republic of China has invested $22 billion in some projects in...

Nigeria to pay 1st tranche of $5.1bn cash call arrears month...

The Federal Government has said that it would pay the first tranche of the $5.1 billion cash call arrears due to International Oil Companies...

CBN to offer dollar to manufacturers, fuel importer, airlines

The Central Bank of Nigeria on Friday said it would offer dollar forwards to offset a backlog of foreign exchange obligations for manufacturers, airlines...

Nigeria spends $3.5 billion yearly on steel importation

Nigeria spends over $3.5 billion yearly on the importation of steel products, Mines and Steel Development Minister Dr Kayode Fayemi has said. He told reporters...

NEXIM Bank grants Alibert products N1.2 billion loan

The Nigeria bank that deals with exportation and importation, Nigerian Export-Import Bank (NEXIM) has approved a sum of N1.2 billion loan to Alibert Products Nigeria...

You can now pay your tax online, says FIRS

The Federal Inland Revenue Service (FIRS) has announced that individuals and corporate organisations in the country can now file their tax returns online. This was...

Businessmen hopeful as Naira appreciates

Some businessmen in Lagos on Thursday expressed hope that the economy would soon rebound as the Nigerian currency continues to appreciate in all the...

CBN vow to sustain FX intervention as it releases fresh $418m

The Central Bank of Nigeria on yesterday vowed to sustain its intervention in the foreign exchange market to ensure liquidity in that segment of...

Ericsson’s Rutger calls CBN, NCC, others attention to mobile money

President and Managing Director, Ericsson Nigeria, Rutger Reman, has advised stakeholders in the information communications (ICT) space in Nigeria to close ranks and ensure...

Bayelsa to generate N150m monthly from Sanitation Authority

The Bayelsa State Government says it is targeting 150 million Naira monthly revenue from activities of the state environmental sanitation authority. This is part of...

First Bank dismisses involvement in alleged N11.2b fraud in NPA

First Bank of Nigeria at the weekend absolves itself of any involvement in the alleged N11.2 billion fraud at Nigerian Ports Authority (NPA). This came...

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