The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, …
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NGX: Equities market maintains bullish trend as investors gain N577bn
The Nigerian equities market sustained its positive trend on Thursday as investors gained N577 billion at the close of the day’s trading. This followed an increase in the share prices …
Read More »Nigerian govt lifts suspension on Arik Air’s operations
The Federal Government has lifted the suspension of Arik Air’s operations. In July, the Nigerian Airspace Management Authority (NAMA) grounded Arik Air operations over its alleged failure to pay a …
Read More »Capital import, diaspora remittance boost FX flows by 55% in six months —CBN
The Central Bank of Nigeria has disclosed that capital importation and diaspora remittances have boosted the net foreign exchange flows into the country which has increased to $25.4bn in the …
Read More »More intrigues as IPMAN says petrol landing cost is over N1,200; Govt subsidizing by over N700
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has again drawn attention to the issue of subsidy on petroleum products in Nigeria. The body confirmed the return of fuel subsidy …
Read More »CBN sells $876.26m out of $1.18bn bid to 26 banks at N1,495/$1 in latest Retail Dutch Auction
Following the reintroduction of the Retail Dutch Auction and a bid to reduce the demand pressure in the foreign exchange (FX) market and promote price discovery, the Central Bank of …
Read More »Technology accelerating growth in Nigeria’s retail sector – Expert
The Head of Innovation, Growth and Business Transformation at FoodCo, Funmi Aiyepeku, has described the brick-and-mortar retail segment as a critical pillar that will help sustain the Nigerian consumer …
Read More »MTN, IHS Nigeria extend tower lease agreements to 2032
IHS Nigeria, a subsidiary of IHS Holding Limited, and MTN Nigeria have announced the renewal and extension of their Nigerian tower Master Lease Agreements until December 2032. The agreement, …
Read More »Ushoppen supports Owerri virtual trade fair with websites
A digital store builder, Ushoppen, recently provided free websites as tech support for the Vendors In Owerri virtual trade fair. Participants at the virtual trade fair, including over 60 …
Read More »CRC Credit Bureau wins fourth CFI award
For the fourth consecutive time, CRC Credit Bureau has won the Best Credit Bureau Nigeria 2024 award by Capital Finance International. Celebrating the achievement in a statement made available …
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