Home Nigeria News

Nigeria News

Latest Nigeria News in Business, Politics, Marketing, Finance, Entertainment, and Sports. Oil and Gas, Forex trading and Stock exchange market

The Central Bank of Nigeria (CBN) has waived the requirement for the provision of guarantors by households and SMEs applying for its N50 billion COVID-19 Loan Targeted Credit Facility. The apex bank made this revelation on its official twitter account. The CBN said the reason for waiving the guarantor requirement was...
Oil 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 the road as coronavirus lockdowns ease. Brent crude futures were up nearly 1.4%, or 50 cents to $36.03 a barrel...
The Maritime Workers Union of Nigeria (MWUN) has in a statement issued by its President-General, Adewale Adeyanju given the Federal and Lagos State Governments a 21-day ultimatum within which they should call the companies causing Apapa gridlock to order. MWUN has identified four shipping companies responsible for the gridlock caused...
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, warned against Nigeria repeating the mistakes of the past by neglecting agriculture. Emefiele sounded this note of warning while speaking in Zauro, Kebbi State, during the launch of 2020 wet season harvest aggregation and 2021 dry season input...
Acting on a petition which alleged that the management staff of the Niger Delta Development Commission spent the money on COVID-19 palliative which they could not account for, the Senate Committee on Ethics, Privileges and Public Petitions , on Thursday issued a fresh summon on the top staff members...
Sequel to the consideration of a motion titled ‘The need for immediate completion of the Abadigba-Egwuwe Power Plant Project in Dekina Local Government Area of Kogi State,” during plenary, the Senate on Wednesday mandated its Committee on Power to liaise with the Federal Ministry of Power to take necessary...
The Chairman of the Senate Committee on Appropriation, Senator Jubril Barau on Wednesday promised to submit the harmonized version of the 2021 budget at the plenary on December 3. Barau stated this after some chairmen of other standing panels submitted their reports for consideration. He maintained that his committee’s report...
The Federal Government on Thursday described the over 100 per cent increase in domestic airfares as inevitable. It considered it as one of the consequences of the COVID-19 pandemic. It also disclosed that 300 employees of Arik Air would have been sacked by the carrier if not for the intervention...
The World Bank’s statement that the upward debt trend of some African countries portend systemic risk of debt distress has been faulted by the African Development Bank (AfDB). AfDB has said that the upward debt trend of some African countries did not portend systemic risk of debt distress as stated by the World...
There are indications that some banks may have started complying with the recent downward review of charges ordered by the Central Bank of Nigeria, if their claims are anything to go by. But some bank customers appear to be ignorant of the new policy as they still complain about...