Heritage Bank: NDIC commences debt recovery to ensure payment of depositors fund exceeding N5m
Sept. 26, 2024 The Nigeria Deposit Insurance Corporation (NDIC), says plans are ongoing to pay depositors of the defunct Heritage Bank whose deposits exceed N5 million. The Managing Director of…
FX liquidity: CBN approves additional $20,000 to eligible BDCs
Sept. 26, 2024 The Central Bank of Nigeria (CBN) says it has provided additional 20,000 dollars each to eligible Bureau de Change at an exchange rate of N1,590. This is…
Domestic Airfares increased by 25% in August, now N123,000 – NBS
September 26, 2024 The National Bureau of Statistics (NBS) has reported a rise in average domestic airfare in Nigeria at N123,000. According NBS August Transport Fare Watch report, it said…
China bond market opening offers no panacea to debt-laden African states
Sept 26, 2024 Plans by African governments to raise money on China’s domestic debt markets via so-called panda bonds could be undone by their heavy debt loads and a wider…
Enugu, Ebonyi rank lowest on ease of doing business index in southeast
It was mixed fortunes for the five southeast states of the federation as the Presidential Enabling Business Environment Council (PEBC) released its annual report on Nigeria’s subnational ease of doing…
UNGA79: ExxonMobil unveils $10bn deep-water investment plan in Nigeria
Vice President Kashim Shettima has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly…
Africa Centres for Excellence awaits NCC report on telecoms competition landscape
Sept. 25, 2024 The Pervasive and Mobile Computing Research Group (PMCRG), of Obafemi Awolowo University formally requests Nigeria Communications Commission (NCC) to release findings of 2022 study on the telecommunications…
MPC: 27.25% interest rate presents a tense business environment – LCCI
Sept. 25, 2024 …Seeks solutions to high inflation, interest rates The Lagos Chamber of Commerce and Industry (LCCI) has urged monetary and fiscal authorities to significantly address deep rooted challenges…
US to donate 1 million mpox vaccine doses to halt outbreak in Africa
September 25, 2024 U.S. President Joe Biden announced on Tuesday the donation of 1 million mpox vaccine doses and at least $500 million to African countries to support their response…
PIA: Implement 3% contribution of operational revenue to host community fund – PENGASSAN tells FG
Sept. 25, 2024 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to implement the 3% contribution of the operational revenue of…