Report: CBN reforms boost diaspora remittances by $172m in a month
The Central Bank of Nigeria (CBN) has reported a $172m increase in direct remittances in one month. The latest CBN data showed that the remittances totalled $138.56m in January, $39.14m…
Tinubu: Nigeria committed to balanced energy transition approach, meets senior bank executives
President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands…
Finance minister lauds progress of work on AKK gas pipeline project
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has expressed satisfaction with the progress made so far on the AKK Gas Pipeline Project, spearheaded by…
National debt up by ₦24.33trn in three months, now ₦121.67trn
Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said Thursday. The DMO said as of March 31, 2024, the country’s domestic and external…
Guinness debunks Nigeria exit speculations
Guinness Nigeria Plc has debunked insinuations that it is exiting the Nigerian market following the sale of the majority shareholding by Diageo, a British multinational alcoholic beverage company. In a…
Foreign portfolio investors rush back to Nigeria, as market share rises to 28-month high
The Central Bank of Nigeria (CBN) monetary policies may have whetted the appetite of Foreign Portfolio Investors, FPIs, as fresh inflows amounting to N120.8 billion came into the market in…
‘They tried all sorts’ – Dangote accuses local, foreign mafias of trying to stop refinery
The founder of Dangote Group, Aliko Dangote, has revealed that both local and international criminal organisations, which he described as “mafia”, made repeated attempts to sabotage his $19bn refinery project…
Dangote postpones petrol supply date to July
The Dangote refinery has said its plan to release premium motor spirit into the market this month will no longer be possible. The President of Dangote Group, Aliko Dangote, told…
Why CBN withdrew Heritage Bank’s operating license
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank. The Acting Director, Corporate Communications, CBN, Hakama Sidi Ali, disclosed this in a statement on Monday.…
Tinubu inaugurates gas infrastructure projects | Assures citizens, investors of economic growth
President Bola Tinubu has reassured investors in the energy sector of his administration's resolve to further enhance the business environment and ensure investment convenience. The President inaugurated three milestone projects,…
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