President, Dangote Group Alhaji Aliko Dangote, on Wednesday advised governments at all levels to encourage domestic investors, nothing that only local investors can attract foreign investors in Nigeria. Dangote gave the advice at the Taraba International Investment Summit (TARAVEST) 2025 held in Jalingo. The News Agency of Nigeria reports...
BUSINESS
Luft Pay TV on Wednesday inaugurated its entry into Nigeria’s competitive satellite television market with the promise of accessible, affordable, and locally relevant contents. The News Agency of Nigeria (NAN) reports that the inauguration, held in Lagos, is coming when Nigerians are groaning under incessant increases in subscription rates...
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to maintaining stable petrol prices, even as global crude oil prices continue to fluctuate. The affirmation is contained in a statement issued on Monday in Lagos, the Group Chief Branding and Communications Officer of the company, Mr Anthony Chiejina. Chiejina...
The Central Bank of Nigeria (CBN) has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The CBN said this in a statement issued by its Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali According to Sidi-Ali, the attention of the CBN...
The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements...
A coalition of women entrepreneurs, under the banner of the ‘We Want More Campaign’ (#WEEwantMore), has commended Access Bank’s announcement of a $100 million facility to support Micro, Small and Medium Enterprises (MSMEs). The News Agency of Nigeria (NAN) recalls that the women launched the WEEwantMore campaign online in...
By JOY ADARA, Abuja –. The Federation Account Allocation Committee (FAAC), has shared N1.681 trillion, being April revenue among the Federal Government, states and the Local Government Councils (LGCs) . This is acccording to a communiqué made available by Bawa Mokwa, the Director, Press and Public Relations, Office of...
The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market. It appreciated to N1,598.72 against the U.S. Dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency. According to figures published on the...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.71 per cent in April 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for April 2025, which was released in Abuja on Thursday. According to the report, the headline inflation...
The Presidency has said Nigeria attracts over 8 billion Dollar (about N12.8 trillion) investments in deepwater projects and gas Final Investment Decisions (FIDs) in one year. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu disclosed this on Wednesday, at the 2025 Africa CEO Forum holding in Abidjan,...
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday officially inaugurated the Non-Resident Bank Verification Number (NRBVN) platform in Abuja. According to the apex bank, this innovative digital gateway allows Nigerians in the diaspora to obtain a BVN remotely without the...
Vice-President Kashim Shettima said with critical reforms in key sectors of the economy, Nigeria is ripe for investments. Shettima stated this on Tuesday when he hosted a delegation from the Islamic Development Bank (IsDB), at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the delegation...
Oando Plc, the indigenous firm that acquired Nigeria Agip Oil Company, says it has recorded four operational oil spills from October 2024 to date. The oil firm disclosed this in a statement made available to the News Agency of Nigeria (NAN) by Oando’s Spokesperson Mrs Alero Balogun, General Manager,...
The Debt Management Office (DMO), on. Monday hosted an investor meeting for the issuance of N300 billion series seven Sovereign Sukuk issuance in Abuja. The Director-General of the DMO, Patience Oniha, said that since inception in 2017, Sukuk had become a product of choice for non- interest investors in...
Some bank customers, especially those of Guaranty Trust Holding Company (GTCO) say they will opt for electronic mail alert from their banks to cut costs and reduce charges on their accounts. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said they...
Nasarawa States Governor, Abdullahi Sule has urged Dangote Industries Limited to consider investing in more sectors of the state economy. Sule, in a statement on Sunday, said the state was home to solid mineral resources and the strategic partnership between both parties would speed up Nigeria’s industrialisation process. The...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery and Petrochemicals have pledged to deepen collaboration on Nigeria’s energy security. The aim according to them is to also advance shared prosperity for Nigerians. The commitment was made during a courtesy visit by the President/Chief Executive of...
MTN Nigeria says it invested N3.5 billion on corporate social investment in 2024. Chief Sustainability Officer, MTN Nigeria, Tobechukwu Okigbo, disclosed this during the company’s Facts Behind the Sustainability Report presentation at the Nigerian Exchange Ltd. (NGX), on Thursday, in Lagos. Okigbo said, “In 2024, we invested N3.5 billion...
The stock market extended its rally for a fifth consecutive session on Thursday, adding N240 billion to market capitalisation. Market capitalisation increased to N68.652 trillion, representing 0.35 per cent increase from the opening value of N68.412 trillion. The All-Share Index also rose by 382.13 points, or 0.35 per cent,...
The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, has said President Bola Tinubu is making significant efforts to raise Nigeria’s Gross Domestic Product (GDP) through increased contributions from the digital economy. Tijani made the disclosure on Thursday during a visit to his alma mater, Anglican Grammar...