Nigeria, Morocco sign deal to build fertiliser plant in Akwa Ibom
Nigeria Sovereign Investment Authority (NSIA) says it has signed a deal with OCP Group, a Moroccan company, to build a…
Investors rake in over N1.1tn dividend in 12 months – NGX
The Nigerian Exchange Limited, on Thursday, said investors in the Nigerian capital market had earned over N1tn from dividend payout…
CBN loans to farmers hit N1tn amid rising default rate
The total amount disbursed under the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN) rose to N1.01tn…
Nigeria’s low oil production can’t cover petrol import costs – Finance Minister
Zainab Ahmed, Minister of Finance, Budget and National Planning, says the country’s low oil production cannot cover the cost of…
Excess crude account drops to $35m as FG, states, LGAs share N657b in April
The Federation Account Allocation Committee (FAAC) has shared N656.602 billion to the three tiers of government, being allotment for April…
CBN defends naira with $3.36bn in two months
The Central Bank of Nigeria (CBN) injected $3.36bn into the foreign exchange market in two months as part of efforts…
Company income tax increased by 53% to N532.5bn in Q1 2022 –NBS
The National Bureau of Statistics (NBS) says Nigeria generated N532.48 billion from company income tax (CIT) in the first quarter…
Buhari urges banking institutions to tackle economic challenges
PRESIDENT Muhammadu Buhari on Tuesday called on executives of banking institutions in West Africa to forge a closer collaboration to…
Money laundering: CBN tightens control on MfBs
The Central Bank of Nigeria (CBN) has taken steps to protect the financial system from cases of money laundering through…
SEC to resolve issues of unclaimed dividends with identity management system
The Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has stated that the identity management system being developed by…