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Category: Business
Failed Banks: NDIC commences process to conclude Liquidation of 89 MFBs, PMB
The Nigeria Deposit Insurance Corporation (NDIC) says it has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary…
BREAKING: Nigeria’s inflation climbs in March
Nigeria’s headline inflation rate rose to 15.38 percent in March 2026, reflecting a slight increase from the 15.06 percent recorded in February. This is according…
Nigeria secures $1bn steel investment deal in India
Nigeria has taken a major step towards revitalising its steel industry, securing a $1 billion investment commitment following the signing of a Memorandum of Understanding…
NiMet partners AIM for scale to deliver AI-Powered weather forecasts
The Nigerian Meteorological Agency (NiMet) and the Agricultural Innovation Mechanism for Scale (AIM for Scale) have signed a memorandum of understanding (MoU) to strengthen the…
Petrol marketers, experts reject World Bank’s fuel import proposal for Nigeria
Petroleum marketers and experts have rejected the Washington-based World Bank’s recommendations to Nigeria to open the country’s borders for premium motor spirit imports to edge…
PenCom warns public against rising job recruitment scams
The National Pension Commission (PenCom) has issued a strong warning to Nigerians over a rising wave of recruitment scams, urging the public to remain vigilant…
Dangote plans pan-African IPO for $20bn refinery
The President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of his $20bn oil refinery, in a move that could…
Stop issuing loans without verifiable collateral, EFCC tells banks
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that…
FG opens applications for second phase of TVET programme
The Federal Government has announced the commencement of applications for the second cohort of its Technical and Vocational Education and Training programme aimed at boosting…
Nigeria plans July start for gas deliveries to Abuja with AKK pipeline.
Nigeria hopes to begin delivering natural gas to the capital Abuja by July through its long-delayed Ajaokuta–Kaduna–Kano (AKK) gas pipeline, the upstream oil regulator said,…