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Day: October 30, 2023

Business News

FG mulls plan to import €1.2m equipment for Eko Bridge rehabilitation

Web AdminOctober 30, 2023October 30, 2023
The Minister of Works, Dave Umahi, says the government needs to import construction equipment worth €1.2 million to carry out rehabilitation works on the Eko Bridge in Lagos State. The...
Freight Forwarders Warn of Naira Depreciation Impact on Import Volumes and Rising Storage Charges
Business News

Freight Forwarders Warn of Naira Depreciation Impact on Import Volumes and Rising Storage Charges

Web AdminOctober 30, 2023October 30, 2023
A group of freight forwarders, known as Patriots Anti-Corruption Initiative (T-PACI), has raised concerns about the current pressure on foreign exchange supply and the sharp depreciation of the Naira, predicting...
Minister Emphasizes Urgent Need for Infrastructure Development in Maritime Sector
Business News

Minister Emphasizes Urgent Need for Infrastructure Development in Maritime Sector

Web AdminOctober 30, 2023October 30, 2023
The Ministry of Marine and Blue Economy, representing the Federal Government, has articulated its commitment to elevating Nigeria’s global port standing within the maritime sector. During the inauguration of the...
Rising Inflation and Dollar Shortage, Nigeria’s Economy Grapples with 54% Drop in Foreign Exchange Inflow
Business News

Rising Inflation and Dollar Shortage, Nigeria’s Economy Grapples with 54% Drop in Foreign Exchange Inflow

Web AdminOctober 30, 2023October 30, 2023
In the first half of 2023 (H1’23), net foreign exchange (FX) inflow into the Nigerian economy saw a significant 54% year-on-year drop, amounting to $7.29 billion, down from $15.86 billion...

Recent Posts

  • Fidelity Bank Celebrates Customers, Disburses ₦30m in Cash Prizes
  • ₦30m Donation Rejected by Pastor Enenche During Church Service Visit
  • US Authorities Recover $225 Million in Major Cryptocurrency Scam Bust
  • Financial Experts Raise Alarm Over CBN’s 50% CRR and Banking Sector Liquidity
  • House Probes Oil Companies Over Unremitted $457m, Recovers N86m

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Fidelity Bank Celebrates Customers, Disburses ₦30m in Cash Prizes

₦30m Donation Rejected by Pastor Enenche During Church Service Visit

US Authorities Recover $225 Million in Major Cryptocurrency Scam Bust

Financial Experts Raise Alarm Over CBN’s 50% CRR and Banking Sector Liquidity

House Probes Oil Companies Over Unremitted $457m, Recovers N86m

Sokoto Trains Officials to Boost Fiscal Transparency, Accountability

NELFUND Automates Loan Application Process to Boost Accessibility and Efficiency

Lawmakers Launch Investigation into Alleged Misuse of N1.12 Trillion Anchor Borrowers’ Programme Funds

Nigeria’s Crude Imports Hit N1.2 Trillion Amid Declining Domestic Production

Nigerian National Nabbed in India with N214 Million Worth of Narcotics

CBN’s Dividend Suspension Sparks Sell-Off in Banking Stocks, Raises Recapitalisation Concerns

Non-Performing Loans Surge Past $3.5bn Across Six Nigerian Banks – Report

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