The Bank of Industry has signed a $170 million fund management agreement with Kuramo Capital under the federal government's $617 million iDICE programme to boost investment in Nigeria's technology and…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing failure to meet regulatory requirements for continued operation. In a statement on Wednesday,…
Afreximbank underlines $2.5 billion commitment; syndicated facility consolidates construction debt and positions refinery for next growth phase The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior…
NDIC says banks' recapitalisation drew ₦4.61tn in fresh capital, as it reveals faster depositor payouts and ₦950bn in remittances. The Nigeria Deposit Insurance Corporation (NDIC) has revealed that the recently…
Dangote Refinery has purchased its first Middle Eastern crude cargoes from the UAE as domestic supply shortfalls force Nigeria's largest refinery to diversify its feedstock sources. The Dangote Petroleum Refinery…
Finance Minister Taiwo Oyedele says Nigeria's tax problem is not about raising rates but ensuring compliance, warning that the country is still not collecting enough tax revenue. Nigeria is failing…
As the Presidential Metering Initiative (PMI) prepares to train thousands of young Nigerians in meter installation, the opportunity on offer is far bigger than closing the metering gap. It is…
DangoteRefinery says alleged fuel re-importation lacks commercial logic. Dangote Refinery has denied claims that its refined petroleum products are exported to Lomé, Togo, and later re-imported into Nigeria, describing the…
Dangote Refinery strengthened its dominance of Nigeria’s fuel market in May, supplying nearly 88 per cent of the country’s petrol needs as diesel imports fell to zero. The Nigerian Midstream…
Mining sector reforms take centre stage as SMDF-EMERGE targets exploration gaps, formalisation, and investment growth to curb Nigeria's illegal mining losses By Aisha Kabiru Mohammed In the dusty heat of…
