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Stock market losses N1.62trn, as CBN retains interest rate at 26.50%
Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 26.50 per cent. The CBN Governor, Mr Olayemi Cardoso, who disclosed this during a press briefing at the end of the 305th Monetary Policy Committee (MPC) meeting…
FG introduces unified, mandatory tax ID for all Nigerians
Federal Government, through the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), has launched a compulsory Tax ID system for all taxable Nigerians and businesses. The new Tax ID framework will replace the existing TIN Validation API…
CBN opens N650bn offer for NTBs auction
Central Bank of Nigeria (CBN) has opened for offer N650 billion worth of Nigerian Treasury Bills (NTBs) at its scheduled auction, Wednesday in what marks the second issuance for the month under the Federal Government’s second-quarter borrowing programme. The auction,…
AIICO deepens commitment to education with upgrade of Learning Hall at CIFM
AIICO Insurance has announced the completion of upgrade of the ‘AIICO Hall’ located at the College of Insurance and Financial Management (CIFM) to a standard learning centre complete with modern facilities. The newly-upgraded hall is now outfitted with state-of-the-art multimedia infrastructure,…
Africa, Asia lead global housing shortage as urban slum population surges, UN Warns
Frank Okon Africa and Asia are at the center of the global housing crisis as rapid urbanization, rising inequality, and the growing expansion of slums continue to outpace infrastructure and housing development, the United Nations has warned. According to UN…
Climate shocks disrupting food production, healthcare and water supply across globe, WMO Warns
Ziggy Ojiegbe Climate shocks are increasingly disrupting food production, straining healthcare systems, worsening water shortages and displacing vulnerable communities across the globe as extreme weather events grow more severe and frequent, the World Meteorological Organization has warned. The warning came…
NCDMB pledges deeper Nigerian Content implementation across oil, gas value chain
Ziggy Ojiegbe The Nigeria Content Development and Monitoring Board has pledged to deepen Nigerian Content implementation across the upstream, midstream, and downstream sectors of the oil and gas industry as part of efforts to drive sustainable economic growth, industrial expansion,…
Nigeria inflation jumps again as fuel, food costs climb
Nigeria’s inflation rate rose for the second consecutive month in April, driven largely by higher food and fuel prices linked to growing tensions in the Middle East. Data released by the National Bureau of Statistics on Friday showed that headline…
APM Terminals commits $600m to upgrade Apapa port
APM Terminals has pledged to invest $600 million in the modernization of Nigeria’s Apapa container terminal and surrounding logistics infrastructure, reinforcing its long-term commitment to the country’s maritime sector despite uncertainty surrounding the future of its operating concession. The investment…
Economic reforms will trigger investment boom __ Tinubu
President Bola Ahmed Tinubu has declared that Nigeria is on course to attract nearly $20 billion in foreign direct investment in 2026, citing sweeping economic reforms, improved transparency, and the removal of longstanding regulatory bottlenecks as evidence of renewed investor…
