CBN Boosts Liquidity in The FX Markets With $1.47 Billion
The Central Bank of Nigeria (CBN) has injected the sum of $1.47 billion into the Nigerian Foreign Exchange market in an effort to stabilize the naira and ensure liquidity in…
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Section 2 of Apapa-Oshodi Expressway Awarded
The Federal Government has awarded the contract for the construction of section two of the Apapa–Oshodi expressway. It would be recalled that section of the road, stretching from Sunrise to…
Continue readingFirstBank Appoints Gbenga Shobo as MD/CEO
The Chairman of First Bank of Nigeria Limited, Mrs. Ibukun Awosika announced in a statement on Wednesday the appointment of Mr. Gbenga Shobo, as the Managing Director/Chief Executive Officer designate…
Continue readingICPC Recommends 2,000 Tax-evading Firms for Prosecution
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Prof. Bolaji Owasanoye disclosed that the commission has forwarded the names of about 2,000 firms evading taxes to…
Continue readingCentral Bank of Nigeria Disburses N1.49 Trillion to Agricultural Led Initiatives
In a bid to achieve self-sufficiency in food production and save hard earned foreign exchange, the Central Bank of Nigeria has revealed that it disbursed a total of N1.49 trillion…
Continue readingContract staffs bear the brunt, as banks lay off 8,584 members of their workforce in a year
Despite being one of the largest employers of labour in Nigeria, a mix of a socio-economic crisis largely induced by the COVID-19 pandemic have forced Nigerian banks to retrench a…
Continue readingExpect Rise in Electricity Tariffs as NERC Plans Another Review
The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July. In its notice of Minor and Extraordinary Review…
Continue readingA Community in Delta State Threatens to Shut Down Agip’s Operations
The people of Idheze Community in Isoko South Local Government Area of Delta State, have threatened to shut down the operations of Nigeria Agip Oil Company Limited (NAOC) in the…
Continue readingCBN Added 10 More Companies to Money Transfer Operators
The Central Bank of Nigeria (CBN) disclosed on Monday in a report titled ‘Updated List of International Money Transfer Operators in Nigeria as at April 01, 2021’ that it has…
Continue readingCredibility of Nigeria’s Power Sector Depends on Visible Results – W’Bank
The World Bank’s Practice Manager, West and Central Africa Energy, Ashish Khanna has said that the faith of Nigerians in the power sector can only be boosted when there is…
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