Latest Nigeria Business News
The Central Bank of Nigeria held an unscheduled Treasury bill auction on Wednesday, selling a total of N114.6bn ($375m) worth of treasury bills to strengthen the naira. This auction is the apex bank’s first since mid-July as it seeks to boost dollar liquidity in the currency market after the naira fell, traders told Reuters. The […]
Losses in the nation’s intensified on Wednesday as investors counted losses totalling N150bn since the beginning of August. The stock market, which had long embarked on a losing streak, with occasional gains on some days, saw its capitalisation drop from N13.508tn on July 31 to N13.358tn on August 7 (Wednesday). Sustained sell pressures in the […]
Kwara State Governor AbdulRahman AbdulRazaq said on Tuesday that his administration will partner with the Economic and Financial Crimes Commission (EFCC) to combat graft, including recovering funds looted from the state’s treasury. AbdulRazaq said corruption had almost crippled Kwara State when he took over on May 29, lamenting how the N2 billion the state accessed […]
The Federal Government has declared Monday 12th and Tuesday 13th August as Public Holidays to mark the 2019 Eid-Al-Kabir celebrations. The Permanent Secretary, Ministry of Interior, Barr. Georgina Ehuriah, who made the declaration on behalf of the Federal Government, congratulated the Muslim faithful on the occasion . She called on all Nigerians, at home and […]
The Oyo State Governor, Seyi Makinde, has approved N60 million as bursary to 120 Oyo State indigenes in the Nigerian Law School. Mankinde announced the approval on Tuesday evening, when a delegation of the students visited him on Tuesday in Ibadan. The News Agency of Nigeria(NAN) reports that the governor approved the sum of N500,000 […]
The Catholic Archbishop of Lagos, Most Rev. Adewale Martins, has urged the Federal Government to see the ongoing “#RevolutionNow” protest as a wake-up call to address the untold hardship Nigerians were undergoing. Martins made the plea on Wednesday in Lagos while reacting to the ongoing agitations for better living conditions for Nigerians, urging the government […]
The People’s Democratic Party (PDP), Kano state chapter, on Wednesday disclosed that it would appeal against the verdict of the state gubernatorial election Petition tribunal rejecting its request to amend the list of witnesses. The Nation reports that Kano state Governorship Election Petition Tribunal, last Tuesday dismissed an application by the PDP praying for a […]
Access Bank Plc has opened up its USSD channel –*901# to enable the instant opening of DiamondXtra accounts from mobile devices. The USSD channel option allows customers, and potential customers, to conveniently open a DiamondXtra account , confirm the number of tickets they have in a particular draw, and also find out the date for the […]
The Central Bank of Nigeria has set out guidelines on the minimum standards expected from financial institutions on consumer protection disclosure and transparency. The regulator disclosed this in its consumer protection framework and guidelines on ‘Disclosure and transparency’. It stated that the objective of the guidelines was to protect consumers against the provision of inadequate, […]
The Debt Management Office says the Federal Government savings bond has recorded a total of N13.44bn investment since its inception in March 2017. According to data presented at the Retail Bond Workshop at the Nigerian Stock Exchange in Lagos on Tuesday, 431 corporate firms invested N1.75bn while 15,822 individuals invested N11.75bn, which brings the total […]