Business

The Central Bank of Nigeria (CBN) through its Financial Services Regulation Coordinating Committee (FSRCC) has advised Nigerians to stop dealing with unlicensed or illegal financial operators in the country. The CBN through FSRCC, gave the advice in a statement posted on its website on Monday. It is said that the illegal financial operators lure and […]

The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4, 478, 381 smallholder farmers under the Anchor Borrowers’ Programme (ABP) across the country. The Director, Corporate Communications Department, CBN, Mr. Osita Nwanisobi disclosed this on Friday in Enugu during the ongoing Enugu International Trade Fair. The News Agency of Nigeria (NAN) […]

Nigeria’s oil production quota has been increased by the Organisation of Petroleum Exporting Countries from a 1.735 million barrels per day target to a new target of 1.753 million barrels per day for May 2022.The oil production quota for Nigeria was increased by OPEC as the Federal Government called for an inclusive energy transition that […]

The Association of Distributors and Transporters of Petroleum Products (ADITOP) and Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday signed an agreement that aims to ensure the availability of petroleum products across the country. Presidents of ADITOP and IPMAN, Alhaji Lawan Dansaki and Elder Chinedu Okoronkwo, respectively signed the agreement in Abuja. Briefing newsmen […]

The Nigerian Senate on Wednesday adopted a motion directing all pay television service providers to revert to pay per view module as against the mandatory monthly subscription. In a sponsored motion by Senator representing Benue South Senatorial district, Abba Moro, he lamented the incessant hike in price of various bouquets by the service providers which […]

The National Association of Master Bakers, Caterers of Nigeria has threatened to shut production following increases in the price of diesel in the past few days. At a press conference in Owerri, the state capital yesterday, the state Chairman of the association, Chief Osmond Nkeoma, said if anything was not done to control the increase […]

The International Monetary Fund could stop its programme in Somalia in three months if long-postponed national elections encounter fresh delays, a senior official told AFP, as she began a mission to the troubled Horn of Africa nation on Tuesday. The IMF’s programme in Somalia is due for a review in mid-May, but election delays mean […]

The Central Bank of Nigeria has introduced an Electronic Invoice for imports and exports of goods In a released circular, Apex Bank said the issuance of the e-Invoice is to begin February 1, 2022.

The World Bank slashed its global growth forecast for 2022 and 2023, and cautioned that a rise in inflation, debt and income inequality could jeopardize the recovery in emerging and developing economies. Global growth is expected to slow to 4.1% in 2022 and 3.2% in 2023 as more nations start unwinding unprecedented levels of fiscal […]

Tesla has opened a new showroom in the capital of Xinjiang, a region at the heart of years-long campaign by Chinese authorities of repression and assimilation against the Uyghur people. Tesla announced the opening in Urumqi with a Weibo post on 31 December saying: “On the last day of 2021, we meet in Xinjiang. In […]


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