CBN: eNaira Records Over 4bn Naira Transactions
The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021. Mr…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
5G Network: MTN Launches 5G Network Trial In Seven States
MTN Nigeria Communications Plc said it has kicked off an open 5G pilot in the lead-up to its highly anticipated commercial launch in 7 states. The…
Dangote Trucks Impounded For Rice Smuggling
The Nigerian Customs Service (NCS), Ogun 1 Area Command has allegedly impounded two Dangote trucks for smuggling 303 bags of parboiled foreign rice. The Controller of…
Civil Defence Seizes 16,000 Litres of Stolen Petrol
Men of The Nigeria Security and Civil Defence Corps in Cross River, have seized 16,000 litres of stolen petroleum products in the state. The state NSCDC…
FG Crackdown On Unethical Loan Companies
The Federal Competition and Consumer Agency has ordered Google Play Store to pull down four money lending companies for “escalating unethical, obnoxious and unscrupulously exploitative practices…
Customs Intercept Smuggled Petrol Worth N29 Million
Operatives of the Seme Command of the Nigeria Customs Service have intercepted three truckloads of petrol along the creeks of Badagry. At the time of the…
Food Security: Smallholder Farmers in the North East Benefits from Sterling Bank Loans
Kenny Folarin, Abuja Hundreds of Smallholder Farmers the north east has benefited from Sterling Bank Agric loans to boost food security, productivity and increase yield. The…
Despite Debt Issues, APC National Chairman Says “Nigeria Can Borrow From Now Till Eternity”
In spite of the nations huge national debt, Abdullahi Adamu, the national chairman of the All Progressive Congress has said in an interview that the federal…
Aero Contractors Set To Resume Operations, Purchases Five New Aircrafts
Aero contractors have now bought 5 new aircrafts in what looks like preparations to resume passenger operations, after the suspension of all its passenger flights on…
Microsoft To Partner With Nigeria In Digital Identification For Development Project
American multinational technology company, Microsoft Corporation says it is willing to partner the Nigeria Digital Identification for Development (ID4D) project in the areas of capacity development…