FG plans to revoke unused oil licences
The Nigerian Upstream Petroleum and Regulatory Commission has said the Federal Government is planning to revoke unused oil exploration leases that companies were granted but have…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Fidelity Bank Plc Signs the UN Principles for Responsible Banking
Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed…
Fidelity Bank partners LCCI to address Challenges to Business Performance in Nigeria
Leading financial institution, Fidelity Bank Plc, has restated its determination to help businesses run profitably as it recently partnered with the Lagos Chamber of Commerce and…
JUST IN: President Tinubu Gives Details of 2024 Budget
President Bola Tinubu today presented the 2024 Appropriation Bill to a joint session of the National Assembly, outlining his administration’s priorities for the upcoming fiscal year.…
BREAKING: Old, new naira notes to co-exist till further notice – Supreme Court
The Supreme Court on Wednesday ruled that both old and new naira notes will remain legal tenders. The court ordered that the old N200, N500, and…
Yuletide: Fidelity Bank announces maiden edition of its Fidelity Family Weekend Fiesta
In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled…
Nigeria loses $10b yearly to imported welders, minister laments
Minister of Innovation, Science and Technology, Uche Nnaji, has said Nigeria loses $10 billion yearly to imported certified welders engaged in various sectors of the economy.…
Nigerians lament as fresh naira scarcity hits Lagos, Abuja, Kano, other major cities
Reports of scarcity have emerged across the country despite recent assurances by the Central Bank of Nigeria (CBN) that there is enough naira in circulation. A…
Tinubu approves sale of more oil and gas fields
President Bola Tinubu has approved the sale of more oil and gas fields abandoned by the international oil companies, IOCs. The President has given the greenlight…
2024 Budget: Soludo To Borrow N120bn To Fund Deficit
Anambra State government will borrow N120 billion from financial institutions to fund the 2024 budget, according to the estimate the governor, Prof Charles Soludo, presented… Anambra…