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Category: Business
Cash shortage hits banks, customers rush for BVN/NIN revalidation
Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts. This…
FG plans to revoke unused oil licences
The Nigerian Upstream Petroleum and Regulatory Commission has said the Federal Government is planning to revoke unused oil exploration leases that companies were granted but…
Subsidy: FG to disburse grants to SMEs
The Federal Government says it will soon commence disbursement of funds under its Presidential Palliative Programme, targeted at alleviating the impact of the fuel subsidy…
BREAKING: CBN freezes accounts without BVN, NIN April 2024
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective…
CBN reforms, opportunities for investment bankers’
The immediate past President of the Association of Issuing Houses of Nigeria, Ike Chioke, says the ongoing currency reforms of the Central Bank of Nigeria…
Nigerian Investors able to raise $94bn climate capital – Report
It has been revealed that retail investors are able to raise $94bn towards climate change financing in Nigeria by 2030. This was revealed in Standard…
Dubai opens Nigeria office to promote trade
Dubai Chamber has opened its Lagos trade office in its Africa’s expansion drive. The chamber will explore the burgeoning business prospects in Nigeria and the…
Oil price drops further after OPEC delays meeting
Oil prices recorded more loss on Thursday, after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while…
Rice price skyrockets as local production declines
Rice consumption in the country has been on a steady rise, beyond the reach of local supply, leading to a supply gap of about two…
Tinubu seeks multi-billion dollar infrastructure funding from IDB
President Bola Tinubu on Monday, sought a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects…