China Development Bank grants Nigeria $255m for Kano-Kaduna railway project
China Development Bank has approved a $254.76 million loan to Nigeria to support the completion of the Kano-Kaduna railway project. This development comes ahead of...
Business
Why Naira is in massive recovery race across all markets, by bankers
There are indications that the newly introduced foreign exchange market system by the Central Bank of Nigeria, CBN, is the driving force behind the recent...
Port Harcourt refinery, tanker drivers at war over delay in product loading
The Port Harcourt Refining Company, PHRC, and Petroleum Tanker Drivers, PTD, are at war over the overloading of products at the refinery. While PHRC accused...
Nigeria’s Central Bank Introduces Electronic Foreign Exchange System, Pegs Trading At $100,000 Minimum
The Central Bank of Nigeria (CBN) has unveiled guidelines for the Electronic Foreign Exchange Matching System (EFEMS). According to the apex bank, this development is...
Buy 2 million litres of fuel at N970 – Dangote to Nigerians
Dangote Petroleum Refinery has said its customers can purchase a minimum of two million litres of Premium Motor Spirit, PMS, also known as fuel at...
NIDF CEO resigns after nine years
Africa’s first listed infrastructure investment trust, Nigeria Infrastructure Debt Fund managed by Chapel Hill Denham, has announced the resignation of its co-founder and pioneer Chief...
The Alternative Bank, firm partners on $500m digital sukuk
The Alternative Bank and TK Tech Africa have forged a partnership through their $500m Digital Sukuk initiative. According to a statement from the bank on...
Operators engage Google on data privacy
Some top companies from Nigeria joined Google West Africa at a roundtable to discuss the shift towards privacy-first marketing as third-party cookies are phased out....
Edo partners LAPO on N300m MSME loan
The Edo State Government has signed a Memorandum of Understanding with LAPO Microfinance Bank for the disbursement of N300m to Micro, Small and Medium Enterprises...
UAC unveils academy
UAC of Nigeria Plc has announced the launch of its training programme through the UAC Academy. In a statement, the company noted that the academy...