Signature Bank Appoints Borodo as Acting Chairman
Signature Bank has announced the appointment of Tijjani M. Borodo, as the new Acting Chairman of the Board of Directors, following the retirement of Dr. Mutiu…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
World Bank Grants $50 Million Aid to Address Nigeria’s Nutrition Crisis
The World Bank has approved a $50 million fund to tackle Nigeria’s pressing nutrition challenges through the Accelerating Nutrition Results in Nigeria (ANRiN) Project 2.0. The…
Heavy Protest Rocks Abuja Over Inflation, Fuel Crisis
A large crowd of Nigerians gathered in Abuja on Monday to protest against the escalating fuel costs, persistent fuel shortages, and deteriorating economic conditions in the…
Hardship: Cost of goods to rise as bank network issues delay container pick-ups at ports
Persistent network issues caused by electronic banking portal upgrades at some commercial banks are currently disrupting cargo clearance at Apapa and Tin-Can Ports. The disruptions have…
Dangote Refinery Sells Petrol At N960/Litre To Ships, N990 For Trucks — Spokesman
Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The…
NNPC Driver arrested for Stealing 10,000 Litres of Fuel
Afeez Adegbala, a driver attached to the Nigerian National Petroleum Company Limited has been arrested for allegedly diverting 10,000 litres of petrol belonging to the company.…
Court Orders Forfeiture Of $2.04m Properties Linked To Former CBN Emefiele
The Federal High Court in Lagos on Friday ordered the permanent forfeiture of $2.045 million, seven prime properties, and share certificates connected to former Central Bank…
BREAKING: NEC Recommends Withdrawal of tax Reform Bill
The National Economic Council (NEC) has advised that the Tax Reform Bill, currently in the National Assembly, be withdrawn. The NEC is led by Vice-President Kashim…
BREAKING: Court Bars CBN from Disbursing Allocations to Rivers State Government
A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to halt further financial allocations to the Rivers State Government. The court…
NNPCL Breaks Silence on Alleged New Fuel Price Hike
The Nigerian National Petroleum Company Limited (NNPCL) has addressed circulating rumours of a new increase in fuel prices, affirming that the pump price of Premium Motor…