Nigeria’s Central Bank Pays Nearly $2Billion Towards Forex Backlog
Foreign airlines were owed more than $700 million at the end of November. The Central Bank of Nigeria has paid nearly $2 billion in outstanding foreign…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
JSM clarifies restructuring plans in Nigeria, assures continued operations
Jubilee Syringe Manufacturing Limited (“JSM”) located in Awa, Onna Local Government Area of Akwa Ibom state, has clarified that it has not ended its operations in Nigeria.…
BREAKING: Africa’s largest syringe company quits operations in Nigeria
Jubilee Syringe Manufacturing (JSM), situated in Awa within the Onna Local Government Area of Akwa Ibom State, has ceased its operations, attributing the decision to unforeseen…
JUST IN: NNPCL denies clashes with marketers over petrol subsidy
The Nigerian National Petroleum Company Limited (NNPL) on Wednesday, January 3, denied clashing with marketers or any other party on payment of Premium Motor Spirit (PMS)…
BREAKING: Armed robbers shot CBN staff dead, three others inside Abuja supermarket
Suspected dare-devil men of the underworld on Tuesday evening struck at the popular Abdullahi Supermarket in One Man Village, near Mararaba in Nasarawa State, killing four…
Tinubu closes Buhari’s single treasury account, asks MDAs to remit 100% revenue to new account
President Bola Tinubu’s administration has directed that all ministries, departments, and agencies fully funded by the federal government remit 100 per cent of their revenues into…
Fuel Marketers Clash with NNPC Over Petrol Subsidy, Project Petrol at N1200/litre
Fuel prices may go up soon as the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers clashed on Tuesday over prices of the commodities. The…
BREAKING: EFCC detains social investment scheme coordinator over alleged N17bn fraud
A few hours after her suspension, the Economic and Financial Crimes Commission (EFCC) yesterday arrested the National Coordinator and Chief Executive Officer (CEO) of the National…
Residents Lament As Fire Guts Enugu Market On New Year’s Eve
Orba Market, located at Orba community in Udenu Local Government Area of Enugu State, was gutted by fire on New Year’s eve. The affected area, according…
Tanker Fire Destroys N34.6m Property In Kwara
Property worth N34.6m was on Saturday destroyed by a fire outbreak in Ilorin, Kwara State. The incident which involved a diesel-carrying tanker occurred at Magaji Aare…