Envoy Sets Agenda to Boost Nigeria-Israel Trade Ties
Nigeria’s Ambassador to Israel, Amb. Nkechi Ufochukwu, has said efforts are underway to deepen the trade agreement between Nigeria and Israel as part of a broader…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Nigerian Air Force kills over 50 in ‘accidental bombing’ at Borno–Yobe Border Market
No fewer than 56 people, mostly traders, are feared dead, while 14 others have been hospitalized following an airstrike on a weekly market along the Borno–Yobe…
World Bank Deletes Nigeria Development Report Three Days After Release
The World Bank has deleted its Nigeria Development Update (NDU) report from its website. The removal comes three days after the global body published the report.…
Dangote Refinery Slashes Petrol Price to N1200
The Dangote Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS) by N75, bringing it down to N1,200 per litre, according to industry sources…
REA, NDDC partner to boost electricity in Niger Delta
The Rural Electrification Agency (REA) and the Niger Delta Development Commission (NDDC) have partnered to boost electricity in the Niger Delta region. REA Managing Director/Chief Executive…
NDDC, Ibom Air Seal Pact to Boost Regional Aviation Hub Prospects
Partnership between the Niger Delta Development Commission (NDDC) and the Ibom Air of Akwa Ibom State may lead to emergence of a regional aviation power in…
CBN directs banks to block loan defaulters from accessing credit facilities
The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities. A large ticket obligor is…
Petrol Subsidy Removal Pushes 63% of Nigerians Below Poverty Line — Report
A new study has revealed that about 63 per cent of Nigerians fell below the poverty line following the removal of petrol subsidy, highlighting the welfare…
Tatum Bank Meets CBN’s New Recapitalization, within 10 Months of Operation
Tatum Bank has announced that it has met the capitalisation requirement set by the Central Bank of Nigeria for financial institutions operating in the country. The…
Fuel Price in Nigeria Set to Increase amid US War with Iran
Nigeria could soon face another round of petrol and diesel price increases following renewed conflict between the United States and Iran, which has unsettled the global…