Active bank accounts linked to Bank Verification Number (BVN) in Nigeria as of last month stood at 41.82 million. According to a report by the Nigeria Interbank Settlement System (NBISS),…
Continue readingAbout 800 export bound consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the development is unclear, sources at the ports…
Continue readingOil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut crude supplies while fuel demand picks up with more cars back on…
Continue readingPortfolio investment has emerged top capital importation into Nigeria in Q1 2020, this was according to the latest report by the Nigeria Bureau of Statistics (NBS). The total value of…
Continue readingNIRSAL Microfinance Bank Ltd (NMFB), has explained why there is delayed in the disbursement of Central Bank of Nigeria, CBN COVID-19 loan. The stimulus package was announced by the Central…
Continue readingThe Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said that the CBN will not support the importation of items that can be produced in Nigeria with forex. As…
Continue readingThe Department of Petroleum Resources (DPR) and the Interior Ministry and the Nigerian Content Development and Monitoring Board (NCDMB) has warned Oil And Gas Companies against the abuse of its…
Continue readingMembers of the organized private sector (OPS) in Lagos, have urged for caution in the implementation of another Lockdown exercise by the government, noting that a significant proportion of small…
Continue readingThe Murtala Muhammed International Airport Command of the Nigeria Customs Service has said that the ban imposed by the Federal Government on local and international flights as part of measures…
Continue readingTech giant, Facebook, announced on May 14 that it is building a 37,000-kilometer undersea cable around Africa to provide the continent’s inhabitants with better access to the internet. Facebook is building…
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