Category: Business

Vice President Kashim Shettima, has reiterated that the current administration led by President Bola Ahmed Tinubu is the most investor-friendly administration in the history of Nigeria. Nigeria’s involvement in the 79th United Nations General Assembly (UNGA) kicked off on a positive note, securing $320 million in investment commitments from the U.S. Chamber of Commerce during […]

The post 79th UNGA: Tinubu-led Govt Most Investor-Friendly In Nigeria’s History – VP Shettima appeared first on Naija News.

Experts in the petroleum industry has suggested that with effective government intervention, petrol from the Dangote Refinery could be sold for less than ₦600 per litre. The Crude Oil Refiners Association of Nigeria (CORAN) expressed optimism that local refineries, including Dangote’s, could reduce fuel costs if proper measures are put in place. The Publicity Secretary […]

The post How Government Interventions Could Reduce Dangote Petrol Prices Below ₦600/Litre – Refiners appeared first on Naija News.

The Nigeria National Petroleum Company Limited (NNPCL) has said it is set to revive Brass and Olokola Liquefied and Natural Gas projects. NNPCL said discussions with investors towards bringing back two Liquefied Natural Gas (LNG), Brass and Olokola LNG projects, have begun so as to maximize the nation’s abundant gas resources for economic development and […]

The post NNPCL Moves To Revive Brass, Olokola LNG Projects appeared first on Naija News.

Nigeria’s foreign reserves have seen a net inflow of approximately $2.35 billion, strengthening the Central Bank’s reserves and contributing to stabilizing the naira. Naija News reports that this was revealed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the Corporate Customers Forum held in Lagos on Thursday. Edun explained […]

The post Nigeria’s Foreign Reserves Hit $2.35 Billion, Strengthening Naira Stability – Edun appeared first on Naija News.

The Vice President, Kashim Shettima, has assured stakeholders in the country’s aviation sector of the federal government’s commitment to creating a more conducive and better operating environment for airlines. Kashim Shettima described the signing of the Cape Town Convention (CTC) Practice Directions as a major boost for ease of doing business in Nigeria’s aviation industry. […]

The post Shettima Assures Airline Operators Of Better Working Environment appeared first on Naija News.

Fraud involving computers, mobile devices, and point-of-sale (POS) systems dominated fraudulent activities across Nigeria during the second quarter of 2024. This was revealed in the latest fraud report by the Financial Institutions Training Centre (FITC), which recorded a total of 11,532 fraud cases in the period under review. According to the report, computer/web fraud, mobile […]

The post Nigerians Lose ₦42 Billion To POS, Mobile Phone Frauds Between April, June 2024 – Report appeared first on Naija News.

The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidies, rising import costs, and increased external debt servicing could negatively impact the growth of the nation’s external reserves in 2024/2025. This was outlined in the CBN’s Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal years 2024/2025. Despite these […]

The post Fuel Subsidy Removal Could Hinder External Reserve Growth – CBN appeared first on Naija News.

Former U.S. President Donald Trump, alongside his sons and key entrepreneurs, unveiled a new cryptocurrency platform late Monday, marking his venture into the digital finance space. While the two-hour online presentation provided limited specifics, it introduced a system that allows users to purchase digital “tokens” granting voting rights in decision-making on the platform. Naija News […]

The post Just In: Trump Launches New Cryptocurrency Platform appeared first on Naija News.

The Nigeria National Petroleum Company Limited (NNPCL) has announced that petrol prices will increase across the states. The increase in price, Naija News reported, followed a statement from NNPCL stating that it bought petrol at a higher rate from Dangote Refinery on Sunday. NNPCL’s statement also disclosed that contrary to the directive of the federal, […]

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The Chief Executive Officer of Air Peace, Allen Onyema, has praised President Bola Tinubu and the Minister of Aviation, Festus Keyamo, as Nigeria signed Cape Town Convention (CTC) Practice Directions for the aviation sector. Allen Onyema said the signing of the CTC Practice Directions is a revolution in the aviation sector. He stated that the […]

The post Onyeama Hails President Tinubu, Keyamo For Signing Cape Town Convention Practice Directions appeared first on Naija News.

The Dangote Refinery is reportedly set to divest a 12.7 per cent stake in 2024 to facilitate loan servicing. This development was disclosed in a recent report published by Fitch Ratings, a credit rating agency. Fitch noted that the Nigerian National Petroleum Company Limited (NNPCL) had previously intended to purchase a 20 per cent stake […]

The post Dangote Refinery Sets To Sell Remaining NNPC 12.7% Stake – Report Reveals appeared first on Naija News.

The Central Bank of Nigeria (CBN) has granted the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. Naija News reports that the apex bank made this known in a statement on Tuesday through its acting Director of Corporate Communications, Hakama Sidi-Ali. Sidi-Ali said the […]

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