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"Nigerdock moves to secure operations, signs security agreement
Ovichnews Nigeria ) - Nigerdock moves to secure operations, signs security agreement" seems to be...Naira slides by 4.6% against dollar at official market
Customers’ deposits in banks rise 66% to N76.04trn
Nestle Nigeria grows revenue by 43% to N183.5bn in Q1’24
Economic hardship: Massive contingency withdrawals hit micro pension funds
NDIC raises Deposit Insurance coverage to N5m
‘Your funds are secured’, Opay reassures customers amid CBN’s new account suspension
(Ovichnews Nigeria) - The Nigerian Stockbrokers' Institute (NSI) has reached out to the Central Bank of Nigeria (CBN) seeking support and collaboration to enhance the efficiency and development of the securities market in the country.
Telecommunication firms in Nigeria, including Glo, MTN, Airtel, and 9Mobile, are urging the federal government to facilitate constructive discussions within the industry.
Following the skidding of the runway at the Murtala Muhammed Airport, Lagos by Dana Airline on Tuesday, the Nigeria Civil Aviation Authority has shut down the 18L runway.
Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in various locations across the country despite repeated cuts in the price of the commodity by the Dangote Petroleum Refinery.
The Nasarawa State Governor, Abdullahi Sule, has said comprehensive economic reforms being implemented in the state have begun to yield tangible results, attracting a diverse array of medium and long-term investments into the state.
The face-off between the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and the former Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, took a new twist on Tuesday as the duo exchanged words over claims that the NCDMB under Wabote mismanaged $500m on various projects and loans.
A yet-to-be identified passenger onboard Delta Air Lines’ Atlanta-Lagos flight reportedly died midair on Monday.
The Nigerian Electricity Regulatory Commission, on Monday, transferred its regulatory oversight of the electricity market in Enugu and Ekiti states to the governments of both states.
The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange.
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(Ovichnews Nigeria) - In a recent turn of events, First Bank of Nigeria Limited has made a significant change in its top management by appointing Olusegun Alebiosu as its acting Managing Director, effective from April 2024. This decision has caused quite a stir in the banking industry, with many speculating about the implications of this change in leadership.
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(Ovichnews Nigeria) - The recent announcement by the Dangote Petrochemical Refinery to reduce the price of diesel has caused quite a stir in the Nigerian business world. With increased fuel prices becoming a major concern for both consumers and businesses, this decision was met with great relief and appreciation. However, what caught the attention of many was the reason behind this decision, as Nigeria's billionaire and Africa's richest man, Aliko Dangote, attributed it to patriotism.
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The top three in Sunday’s Beijing half marathon have been stripped of their medals, organisers said, following an investigation into the finish that saw China’s He Jie controversially win.
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Nigeria is moving to criminalise the destruction of broadband fiber cables in response to ongoing grievances from major telecommunications companies like MTN Nigeria Communications Plc.
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The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, the Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba said in Abuja on Thursday.
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The Federal Government has called for increased investments and trading partnerships from member countries of the Group of Twenty-Four.
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The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it starts up production.
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The Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project is to be executed in May 2024, the Federal Government announced on Monday.
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In a bid to address the recurrent collapse of Nigeria’s power grid, the Federal Government has deployed a new technology to detect and respond to sudden drops or dips in power generation across the country.
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The Central Bank of Nigeria has clarified reasons for the significant decline in the nation’s foreign exchange reserves, asserting that it wasn’t primarily aimed at defending the naira, as commonly believed, but rather to partially repay debts owed to creditors.
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The Minister of Solid Minerals Development, Dr. Dele Alake, has directed an indefinite suspension of mining activities at the Obafemi Awolowo University, Obafemi Awolowo University Teaching Hospital university, and environs pending the conclusion of investigations into suspected illegal mining.
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The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel.
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President Bola Tinubu on Tuesday said Nigeria stands to benefit about $2.7bn annually by implementing the Single Window Project.
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In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating a significant shift in inflation rates.
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The directors of Fidelity Bank have proposed a final dividend payout of 60 kobo per share to shareholders for the 2023 financial year.
The Federal Ministry of Finance has launched the Incentive Monitoring and Evaluation Platform, a state-of-the-art electronic system designed to enhance the oversight of tax expenditures associated with import duty exemption certificates.
The Securities and Exchange Commission of Nigeria has announced the virtual Capital Market Committee meeting for the first quarter of 2024.
The Group Managing Director of Dees Travels and Tours Limited, Mr. Daisi Olotu, has promised to set up an arbitration panel to address all the issues that relate to the relationship between travel agencies and airlines if elected the next president of the National Association of Nigerian Travel Agents.
In this interview, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir tells EDIDIONG IKPOTO the impact unremitted dollar debts are having on manufacturing firms
Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024, The PUNCH reports.
The Federal Government has appealed to members of the National Union of Electricity Employees not to down tools over the recent electricity tariff hike.
The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance.
The International Monetary Fund has said that most industrial policies rely heavily on costly subsidies or tax breaks, which could be detrimental to productivity and welfare if not effectively targeted.
Air Peace’s commencement of flights on the London route and the recovery of the local currency have sparked fresh competition on international routes, reports Justice Okamgba
Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of Petroleum Exporting Countries stated on Thursday.
As controversy continues to trail the death of tilapia fish in Epe, the Dredgers Association of Nigeria has threatened to take legal action against Epe tilapia fish farmers for laying false accusations against its members.
The Petroleum Technology Association of Nigeria has claimed that the country is losing a lot of revenue daily due to its inability to ramp up crude oil production.
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development.
The Federal Government has raised the amount that it would save this year following the recent hike in electricity tariff for Band A customers to N1.5tn.
The global passenger demand for air travel surged by 21.5 per cent in February, up from 16.6 per cent in January.
The average fare paid by air passengers for specified routes on a single journey was up by 20.53 per cent year-on-year to N89,975.68 in January 2024 from N74,648.65 in the corresponding period of 2023.
A home appliances manufacturer, Bruhm, has unveiled its latest product, ‘Bruhm Black’.
The combined operating expenses of 10 Nigerian banks rose by 42.51 per cent to N3.23tn in 2023 compared to N2.26tn in the previous year, according to The PUNCH findings
The shareholders of Zenith Bank would get about N109.88bn as dividends for the 2023 financial year.
