The Nigeria Customs Service (NCS) said it exceeded its revenue target for the year (2024) by N1.02 trillion above the targeted N5.079 trillion. This occurred despite the granting of N1.6…
Category: Business
NDIC Gives reasons some Heritage Bank depositors are yet to be reimbursed
The Nigeria Deposit Insurance Corporation (NDIC) has highlighted reasons some depositors of the defunct Heritage Bank are yet to be reimbursed. The Director/Chief Executive Officer of the corporation, Bello Hassan,…
Expert Tasks FG to Reduce Borrowing In 2025
The Federal Government has been urged to be prudent and reduce continuous borrowing for enhanced economic growth and development in 2025. A financial expert, Mr Eddie Osarenkhoe who is…
Warri Refinery Begins Operation
Warri Refining and Petrochemicals Company, (WRPC) has commenced operations. This was disclosed by the NNPCL Group Chief Executive Officer, Mele Kyari, during a tour of the facility on Monday, December…
Currency Swap: Nigeria,China renew deal
Nigeria and China have renewed their 15 billion yuan (about $2.09 billion) or N3.28 trillion, Bilateral Currency Swap Agreement (BCSA), designed to boost trade and investment between the two…
NAFDAC Seizes Unregistered Food Products Worth N3.8bn In Lagos
The National Agency for Food and Drug Administration and Control (NAFDAC), has seized unregistered food products valued at N3.8 billion in a Lagos warehouse. This according to NAFDAC was a…
Nigeria sets to Partner Bloomberg for Global Investment Opportunity
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), has disclosed it’s readiness to partner with financial news outfit, Bloomberg, in a two-year initiative. The government said…
Reps Task CBN to address shortage of Naira
The House of Representatives has urged the Central Bank of Nigeria (CBN) to as a matter of urgency address the lingering scarcity of naira notes, calling for an investigation into…
Bitcoin hits $100,000 for first time
Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president…
Dangote announces reduction in petrol price
Dangote Refinery has announced reductions in its price of Premium Motor Spirit (PMS), also known as petrol, for marketers. Dangote, in a statement on Sunday signed by Anthony Chiejina, Group…