Business

NSC recovers N122m from excessive surcharges, others in Q1

The Nigerian Shippers’ Council (NSC) said it saved the economy N122.1 million, an equivalent of $108,363.02 through intervention in container deposit refund delays, excessive demurrage and detention charges, discrepancies in the bill

9 hours ago

by Adaku Onyenucheya

Sell off persists on exchange as index dips further by 0.09%

The domestic equities market continued on a downward note yesterday, as the All-Share Index (ASI) declined further by 0.09 per cent, amid losses in Dangote Sugar Refinery Plc and 22 stocks. At

10 hours ago

Business

NIN project gets $45.5m from World Bank amid safety concerns

The National Identification Number (NIN) scheme under the Digital Identification for Development (ID4D) project has so far received $45.5 million from the World Bank through the National Identity Management Commission (NIMC). The

10 hours ago

Business

Sterling grows assets by 36%, hailed by shareholders

Major shareholders of Sterling Financial Holdings Company PLC expressed their delight with the leadership and financial performance of the group at its recently held inaugural yearly general meeting. The comments came as

10 hours ago

Business

NSIA launches innovation prize for startups

The Nigeria Sovereign Investment Authority (NSIA) has selected some startups for its Accelerator stage to boost innovation in Nigeria. The NSIA said in Abuja yesterday that the physical bootcamp, tagged ‘Prize for

11 hours ago

Business

FG to increase capacity of local seafarers, reduce number of foreigners

The Nigerian Maritime Administration and Safety Agency (NIMASA) said it would replace foreign seafarers on Cabotage vessels operating within the nation’s waters with qualified Nigerians. The NIMASA Director General Dr Dayo Mobereola

11 hours ago

Business

MFB records N6.17 billion gross earnings

Accion Microfinance Bank has reported N6.17 billion as its gross earnings for the 2023 financial year, hitting 78 per cent of its target. Managing Director/CEO of Accion MfB, Taiwo Joda, at the

11 hours ago

Business

Foreign participation in Nigeria’s stock market dips to 11%

Uncertainty, sustained foreign exchange shortage, insecurity and other macro economic challenges, continues to dampen foreign investors patronage in Nigeria’s bourse as participation dropped to 11 per cent. Portfolio Investment Report of NGX

12 hours ago

Business

Nigeria’s terms of trade down by 0.12 percentage points in Q1

All commodity terms of trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the value of imports increased by 0.51 percentage points during the period.

12 hours ago

Business

NMDPRA refutes dirty fuel importation

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says there is no imported dirty fuel in the country. The Authority said it would never encourage importation of dirty fuel into the

16 hours ago

Business

CBN directs banks, IMTOs to pay diaspora remittances in naira

The Central Bank of Nigeria (CBN) Tuesday directed banks and International Money Transfer Operators (IMTOS) to pay all diaspora remittances in naira and match with the corresponding foreign currency inflows going forward.

17 hours ago

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Business

NSC recovers N122m from excessive surcharges, others in Q1

Sell off persists on exchange as index dips further by 0.09%

NIN project gets $45.5m from World Bank amid safety concerns

Sterling grows assets by 36%, hailed by shareholders

NSIA launches innovation prize for startups

FG to increase capacity of local seafarers, reduce number of foreigners

MFB records N6.17 billion gross earnings

Foreign participation in Nigeria’s stock market dips to 11%

Nigeria’s terms of trade down by 0.12 percentage points in Q1

NMDPRA refutes dirty fuel importation

CBN directs banks, IMTOs to pay diaspora remittances in naira

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