Nigerians borrow N3.82tn from banks amid hardship
by Credit facilities borrowed by Nigerians from banks rose to N3.82 trillion in January 2024 amid rising inflation and harsh economic realities. This is according to …
Category: Business
OICs sell crude at higher price to sabotage Dangote Refinery – Company VP, Edwin
Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused International Oil Companies, IOCs, of frustrating the Dangote Refinery’s …
NBSS appoints new MD, COO for subsidiary, AfriGOPay
The Nigeria Inter-Bank Settlement System, NIBSS, has appointed Ebehijie Momoh as the Managing Director of its subsidiary, AfriGOPay Financial Services Limited (AFSL). NIBSS disclosed this …
Business / News / Nigeria / SERAP / World Bank
N121.67tn debts: World Bank loans failed to impact Nigerians – SERAP
The Socio-Economic Rights and Accountability Project, SERAP, has said that the over $36 billion loans to fund 197 projects in Nigeria have failed to impact …
Nigerians enraged as FG moves to acquire new presidential jets
The House of Representatives Committee on National Security and Intelligence recently stirred the hornet’s nest when it asked the Federal Government to purchase two new …
Monthly inflation slowed amid policy tightening – CBN
Nigeria’s headline month-on-month inflation rate has reportedly slowed for a third time in a row in May 2024, according to the Central Bank of Nigeria. …
NIMC denies allegation of data breach
The National Identity Management Commission, NIMC, has denied allegations of data breach. Kayode Adegoke, the Head of Corporate Communications at NIMC made this clarification on …
Why British Airways remains grounded at Lagos Airport – Otuyalo
British Airways has temporarily grounded flight operations at Murtala Muhammed International Airport, MMIA, Lagos, over a technical fault. The carrier’s Regional Commercial Manager for Nigeria …
SEC issues guideline on banking sector recapitalisation in Nigeria
The Securities and Exchange Commission has issued its Framework on Banking Sector Capitalisation Programme, 2024. The framework was released on the commission’s website on Friday. …