Business News In Nigeria | Economy | Crypto

CBN Governor Launches SabiMONI e-Learning Platform to Boost Financial Literacy

BANKING

May 16, 2023

News summary: The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has launched the SabiMONI e-Learning Platform, a digital portal aiming to enhance […]

CBN Governor Calls for Resolution in USSD Transactions Dispute

BANKING

May 16, 2023

News summary: The CBN governor has urged for a resolution to the ongoing dispute between telecoms firms and deposit money banks over non-payment for USSD […]

Abuja Man Sentenced to Prison for Bank Account Hacking

BANKING

May 16, 2023

News summary: Idara Sunday, an unemployed man, has been sentenced to seven months in prison for hacking into a businessman’s bank account in Abuja and […]

Access Bank Prepares to Expand into Europe and the US

BANKING

May 11, 2023

News Summary: Access Bank Plc, the banking arm of Access Holdings Plc, plans to expand into Europe and the US within the next five years. […]

Fire at Zenith Bank data centre results in outage for the network

BANKING

May 4, 2023

News summary: A fire at Zenith Bank’s central data centre caused a network outage, disrupting the bank’s infrastructure. The incident occurred during morning maintenance work, […]

Presidential Election Petitions Tribunal Rejects Request for Live Broadcast of Proceedings

May 22, 2023

In a unanimous ruling, the Presidential Election Petitions Tribunal today dismissed an application for a live broadcast of its proceedings on matters arising from the […]

Dangote Refinery to be Commissioned Today Amid High Expectations and Mixed Reactions

May 22, 2023

Lagos, Nigeria – The Dangote Petroleum Refinery, a subsidiary of Dangote Industries Limited owned by Aliko Dangote, is set to be commissioned today, May 22, […]

The Sudan Civil War Causes, Effects, and the Crisis in April 2023

Unmasking Sudan’s Tragedy: A Humanitarian Crisis Ignored

May 12, 2023

Article summary: The civil war in Sudan has resulted in a humanitarian crisis with thousands killed, millions displaced, and widespread economic and infrastructural damage. The […]

Nigeria's high grade lithium discovery offers economic growth and environmental concerns

Powering Nigeria’s Future: The Economic Potential of Lithium Mining

May 19, 2023

The global demand for lithium, a critical component of electric vehicle (EV) batteries, has seen an unprecedented surge in recent years. Fueled by the worldwide push for clean energy and the transition towards a carbon-neutral [...]

Nigeria’s National Debt Hits N91.6 Trillion, Reveals Okonjo-Iweala

May 16, 2023

News Summary: Nigeria’s total national debt has surged to N91.6 trillion, as revealed by economic advisor, Ngozi Okonjo-Iweala. Amid concerns about the country’s ability to service its obligations, Okonjo-Iweala called for fiscal discipline and economic [...]

Top Five Business News in Nigeria Today – May 15, 2023

May 15, 2023

The Nigerian business landscape continues to evolve with dynamic and interesting developments. Here’s a roundup of the top five business news that made headlines today, May 15, 2023. 1) E. F Network Limited Unveils Ride-Sharing [...]

Nigeria Loses Status as Africa’s Largest Oil Producer to Angola

May 12, 2023

News summary: Nigeria has lost its status as Africa’s largest oil producer to Angola. The decline in Nigeria’s oil production was largely due to a shutdown of activities at the Forcados oil terminal and strike [...]

CBN Announces New Rebate Scheme for Non-Oil Exporters

May 12, 2023

News summary: The Central Bank of Nigeria (CBN) has extended its rebate scheme to raw export proceeds. The move is aimed at boosting non-oil exports and diversifying the Nigerian economy. Exporters who sell their proceeds [...]

Naira drops by 0.8% as demand grows on the parallel market

May 11, 2023

News summary: The naira experienced a 0.8% drop in value due to increased dollar demand on the parallel market, particularly from importers. The Central Bank of Nigeria’s RT200 scheme has seen a 40% increase in [...]

Locally Refining Petroleum Products: A Path to Economic Growth for Nigeria

May 10, 2023

Article Summary: Locally refining petroleum in Nigeria could significantly stimulate economic growth through job creation, skills development, and reduced dependence on imported refined products. It has the potential to transform a trade deficit into a [...]

23% rise in value of real estate in one year is attracting investors

May 4, 2023

News summary: A 23% increase in real estate value has attracted investors, with land outpacing other assets in terms of price appreciation. Factors such as high inflation, fluctuating exchange rates, and increased demand for gated [...]

CBN Governor Launches SabiMONI e-Learning Platform to Boost Financial Literacy

CBN Governor Calls for Resolution in USSD Transactions Dispute

Abuja Man Sentenced to Prison for Bank Account Hacking

Access Bank Prepares to Expand into Europe and the US

Fire at Zenith Bank data centre results in outage for the network

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Presidential Election Petitions Tribunal Rejects Request for Live Broadcast of Proceedings

Dangote Refinery to be Commissioned Today Amid High Expectations and Mixed Reactions

Unmasking Sudan’s Tragedy: A Humanitarian Crisis Ignored

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BUSINESS & ECONOMY

Powering Nigeria’s Future: The Economic Potential of Lithium Mining

Nigeria’s National Debt Hits N91.6 Trillion, Reveals Okonjo-Iweala

Top Five Business News in Nigeria Today – May 15, 2023

Nigeria Loses Status as Africa’s Largest Oil Producer to Angola

CBN Announces New Rebate Scheme for Non-Oil Exporters

Naira drops by 0.8% as demand grows on the parallel market

Locally Refining Petroleum Products: A Path to Economic Growth for Nigeria

23% rise in value of real estate in one year is attracting investors

VIEW POINT

Powering Nigeria’s Future: The Economic Potential of Lithium Mining

Unmasking Sudan’s Tragedy: A Humanitarian Crisis Ignored

Locally Refining Petroleum Products: A Path to Economic Growth for Nigeria

8 Years After MMM: The Persistent Allure of Ponzi Schemes in Nigeria