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Business
Naira Records Massive Gain Against US Dollar At Forex Market
The Naira recorded a significant gain at the beginning of the workday on Monday at the official foreign exchange market.
Data from FMDQ showed that the Naira weakened to N838.95 per dollar on Monday from N890.54 per dollar on Friday.…
Lagos Warns Prospective Home Buyers About Fraudulent Real Estate Developers
Lagos State government has warned prospective home buyers to beware of fake real estate developers and Unscrupulous house agents in the state, citing linkage of fraud, high demand of percentage cuts linked to developers in the state.…
$20b Dangote Refinery Gets Fourth Crude Shipment From NNPCL
The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil supplied by the Nigerian National Petroleum Company Limited.
The company disclosed this in a statement, noting that…
FG Receives $2.25 billion FX Facilities From Afreximbank
The federal government yesterday finally received $2.25 billion out of the $3.3 billion foreign exchange (FX) facility from the African Export–Import Bank (Afreximbank).
The long-awaited credit support seeks to ameliorate the…
Naira Strengthens By 13%, Closes 2023 Trading At N907.11/$ In NAFEM
The naira appreciated N907.11 per dollar at the end of trading activity in the Nigerian Foreign Exchange market for the year.
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N907.11 per dollar from N1,043 per…
Owoseni Launches QorePay To Rival Opay, PalmPay, Moniepoint, Others
A new financial technology company, QorePay has launched in Nigeria, targeting small and medium enterprises (SMEs) and deepening financial inclusion.
Apart from its payment solutions addressing the challenges of small…
Total Energies Plans Fresh $6 Billion Investment In Nigeria
Multinational Energy Company, Total Energies Worldwide says it is ready to invest the sum of $6billion in Nigeria’s deep water and gas production terrain.
The Multinational Energy Company made this known on Monday at the State House,…
Wike Seeks N17.1bn Budget Approval For FCT
The Minister of the Nigerian Federal Capital Territory (FCT), Mr Nyesom Wike, has asked the National Assembly to approve the N17 billion appropriated for FCT Administration in the N27.5 trillion 2024 proposed National Budget.
Wike made…
Airlines Will Compensate Passengers For Flight Delays And Cancellations- Keyamo
Festus Keyamo, minister of aviation and aerospace, says airlines will begin to compensate passengers for delayed or cancelled flights by January 2024.
The minister spoke on Tuesday when he appeared before the national assembly…
Opay, Palmpay React To NIBSS Orders To Banks
Opay and Palmpay, both a digital payment service companies have responded to Nigeria Inter-bank Settlement System (NIBSS) report that ordered banks to remove Payment Solution Service Providers (PSSP), Switches and Super Agents from its…