BUSINESS
CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures
Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated...
Bitcoin Sets New Record Above $71,000
Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut...
Uber, Bolt Drivers Begin Nationwide Strike
The Amalgamated Union of App-based Transport Workers of Nigeria, comprising drivers under the platform of e-hailing companies like Uber and Bolt, has said it...
Old Naira Notes To Remain Legal Tender Indefinitely — CBN
The Central Bank of Nigeria (CBN) says the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. While new currency notes were...
FG Has No Business Managing Oil Refineries – Osinbajo
Vice President Yemi Osinbajo has restated the resolution of the Buhari administration that the Federal Government has no business running oil refineries in Nigeria. Speaking...
Nigeria Spending $600m Monthly On Fuel Importation
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the country currently spends $600 million monthly on fuel...
Abia, Firm To Sign $200m Oil Palm Plantation MoU
Abia State Government and an agro-processing firm are set to sign a $200 million Memorandum of Understanding, MoU, aimed at reviving oil palm plantation...
No Going Back On Commencement Of Crude Refining At Port Harcourt Refinery In Aug, NNPC Vows
The Nigerian National Petroleum Company Limited (NNPCL), has reaffirmed its preparedness to commence crude oil refining at the Port Harcourt refinery in early August. This...
Nigeria Does Not Have Enough Crude Oil For P/Harcourt Refinery, Others – Minister
The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has once again expressed fear that the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery,...
World Bank Approves $1.5billion Loan To Strengthen Nigeria’s Economy
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting...
