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,…
FG launches mineral resources decision support system
To boost the ease of doing business in the mining sector, the Federal Government has launched the Nigeria Mineral Resources Decision Support System (NMDSS). Launching the system, the Minister of…
Tinubu: My govt set to make Nigeria solar panel, EV battery manufacturing hub of Africa
President Bola Tinubu has commended the inauguration of Nigeria's largest lithium processing plant in Lafia, Nasarawa State, hailing it as a clear indication of the country's attractiveness for foreign investment.…
FG slams Binance over bribery allegation, says claim diversionary
The federal government has denied allegations of bribery levelled against some unnamed officials. In a statement on Wednesday, the Minister of Information and National Orientation Mohammed Idris said the virtual…
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