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Up to date Nigerian Business and Political News that Matters.

Why Nigeria is stuck in a cycle of sharp devaluations

Regarding cash depreciation in Nigeria, the strategic approach is that the greater, the better b...
March 15, 2021

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nnpc monthly financial and operation report the nigerian national petroleum corporation nigeria's capital importation and foreign direct investment inconsistency affecting capital importation and foreign direct investment nigeria international recognition technology in nigeria traffic congestion in nigeria traffic problems in nigeria traffic leads to loses in nigeria belt and road initiative (bri) nipc chinese government to fund belt and road initiative bitcoin raise dollar looses its value oil production in nigeria nigeria's projection in oil production crude oil in nigeria floating liquefied natural gas in nigeria dpr flng heineken to reduce labor workers heineken workers heineken post covid 19 effects of covid 19 on heineken nigeria's telecommunications mobile number portability (mnp) scheme in nigeria nigerian national petroleum corporation loses global energy transition to affect oil and gas nocs blue-chip in nigerian stock exchange nse stock investors experience loses nigerian maritime and safety agency marinetime safety in nigeria marine in nigeria technology development agency nitda ncair smes ides upn nonmilitary personnel legislative nigeria's nonmilitary personnel legislative leader of lagos state nigeria national information technology development agency local market production in nigeria international air transport association loses in global airline iata cryptocurrency in nigeria joblessness in nigeria solving joblessness in nigeria gold trade in nigeria lagos love gold gold refinery in nigeria nigerian gold valentine's celebrations valentine's during covid valentine's celebration niger state contributory health agency health insurance in nigeria nigeria health insurance coverage female entrepreneurs living with disabilities pwds business right for people living with disabilities internet fraud in nigeria risks of internet fraud get rich schemes in nigeria african continental free trade area cement flour rice sugar lab erization in nigeria sustainability en route to cop26 air energy transition in africa okonjo-iweala mo ibrahim adesina socio-economic and infrastructural development in lagos unity bank’s flagship business plan competition corpreneurship challenge national youth service corps nigerian economic growth over-dependence on oil over-dependence foreign goods nafdac national agency for food and drug administration and control falsification of nafdac wetlands degradation in nigeria nigerian conservation foundation ncf stock exchange all-share index increase seplat causes of market gain infrastructure financing infrastructure development in nigeria nigeria’s debt service major oil marketers association of nigeria (moman) oil marketers deregulation oil marketers impact of covid-19 on forex market outlook for forex in 2021 new generation of traders cpi food index rise in nigeria national bureau of statistics reports ekedc eko electricity distribution company illicit association in nigeria nigerian senate to stop circulation fake and substandard cosmetics in nigeria the association of securities dealing houses of nigeria commodities exchanges’ value chain in nigeria ashon u.s. dairy cows in nigeria nigeria's local milk production cattle shipment steel industry in nigeria mines and steel development flat sheet production in nigeria allied industries in nigeria effects of covid 19 in nigeria poverty in nigeria nigeria's economy post covid 19 african growth and opportunity act nigerian american chamber of commerce nigeria and united states trade (asi) shed 253.13 absolute points slide in market capitalisation agricultural modernisation in nigeria agro-processing centres development in nigeria brazil and nigerian government seal loan africa records an increase in air cargo air cargo in africa africa airline mobile internet accessibility in africa unavailability of mobile internet in africa internet scarcity in africa electric carmaker tesla and wall street effect on bitcoin cryptocurrency electricity in kano and calabar free trade zones government to fund electricity in parts of nigeria electricity in nigeria independent petroleum marketers association of nigeria increase in petrol pump price in nigeria nigerian petrol price police plan crash nigerian police plane crash abuja plane crash the nigerian stock exchange nse all-share index (asi) depreciation market capitalization depreciation nigerian insurers record improved rating outlook am best axa mansard’s balance sheet strength access bank plc coffers of the government united bank of africa plc tax disputes arm pensure limited tax disputes au ecosocc insecurity poverty illiteracy affecting nigeria's economy the african union nigeria economic recovery nigeria's economy has exited recession cryptocurrencies electronic money blockchain technology ethereum lite coin the national fish association of nigeria nfan wto ngozi okonjo-iweala’s nigerian trending news nigerian business news nigeria business news nigeria trending news general market capitalization rise all-share index nigerian electricity regulatory commission meter asset provider deployment siemen power project counterpart funding negotiated stalled fg the national association of nigeria nurses and midwives nannm partners jik better hygiene practices in nigeria president of the west african union of tax institutes africa natural resources economic growth in africa plans to increase the size of the national grid resolve lingering power sector issues in nigeria family business sustainability in nigeria nextgen pwc nigerian onion producers nigerian onion exportation onion producers and marketers association of nigeria cryptocurrency trading nigerian vp against cryptocurrency trading ban cbn aims to ban cryptocurrency trading in nigeria school girls abducted in nigeria zamfara attack bandits in zamfara state government girls secondary school raided shooters in northwest 27 student released by bandits students kidnapping in nigeria bitcoin why is everybody rushing to buy bitcoin meaning of bitcoin is bitcoin worth what is the worth of bitcoin 2023 presidential bid group donate n10 million for asiwaju tinubu bola tinubu to run for the 2023 presidential election nigeria stock market nigeria exchange rates nigeria market stock exchange rate nogec rescue and surveillance (seras) national improved oil recovery center oil and gas dispute resolution center (drc inauguration joe biden harris kamara us new president donald trump out inauguration process igr business in nigeria afcfta agreement nigeria's education asuu ube ippis besda tetfund nigeria debts debts in nigeria fdi gdp nigeria cooking gas cooking gas consumption in nigeria nlng lpg ppra naicom frc underwriter's poor finances nigeria budget reports nigerian ports authority ‘eto’ scheme moribund oil and gas nigeria losing jobs to china unemployment and poverty in nigeria bitcoin tumbles european stock markets trending news in nigeria beneficiaries of the federal government’s conditional cash transfer (cct) in kwara kogi and imo states cibn nibss e-payments asaba airport concession delta to earn n100m from asaba airport presidency to take more action to ensure economic recovery united capital plc united capital plc has posted gross earnings nigerian department of petroleum resources search rescue and surveillance programm initiative nigerian news trending in nigeria hope psbank free nin registration kano free trade zone nigeria export processing zones authority special economic zones plan n30 000 new national minimum wages nigerian labor implementation of n30 orange corners nigeria business pitch competition winners at ocif five nigerian business men win €135 nigerian insurance industry nigerian insurers association insurance industry supports the country's economy nia sovereign wealth fund 1malaysia development berhad pfa sigma pensions pabina yinkere market volatility global markets at parthian partners fmdq securities exchange i cp on fmdq platform nigerian debt capital markets dcm cp pension assets pencom the national pension commission fgn securities covid-19 vaccination registration covid-19 vaccination in nigeria national dialogue on deregulation policy petroleum industry bill nigeria's subsidy regime mtn telecommunications mtn growth mtn subscribers international data corporation building smart prosperous lagos improving lagos the ecowas countries local engineers to manage refinery in nigeria discos’ sustainability nigeria government paying more money for discos’ sustainability discos’ sustainability questioned by nigeria government all-share index decline of 0.59 percent nigeria stock market reverses gain the west african union of tax institutes fiscal measures siemens power project nigeria and egypt collaboration the presidential power initiative nigerian association of chambers of commerce industry mines and agriculture msme survival fund payroll support scheme in akwa ibom state nigeria employees under survival scheme the corporate affairs commission companies and allied matters act cama goals civil society organizations n4.2b north-east bridge n4.2b north-east bridge ready by september the completion of the n4.2b north-east bridge issuers and investors adr initiative regulation to enhance voluntary compliance guideline to improve willful consistency the energy and logistics industry growth strategies to increase growth in the energy and logistics industry nigeria memorandum of understanding with morocco nigeria's five-plug bilateral deal on industrial growth data depletion drop in mobile service quality nigeria subscribers suffer data depletion the agricultural research council of nigeria agricultural grants in nigeria arcn nigeria's securities and exchange commission sec nigeria's illegal investment outfits oil demand and prices rebound in nigeria nigeria oil industry opec+ nigeria's economic growth nigeria looking at real estate to raise the economy of the country contribution real estate to the economic growth insurance growth in nigeria digital identity policy digital identity compulsory in nigeria the american business council us to stake an extra $2.37 billion in nigeria's economy us structures working in nigeria paga paga in ethiopia paga in mexico paga expansion cbn orders provision of financial services to cryptocurrency businesses cryptocurrencies in nigeria bitcoin in nigeria nigeria's industrial growth backward integration program nigeria's industrial revival nigeria's society of petroleum engineers energy transition in nigeria oil and gas industry economic growth m36 digital investing in nigeria m36 investment options sterling bank plc new features savings and peer-to-peer lending feature by sterling bank plc sterling bank digitises lending ican pandemic: the effects on the nigerian economy rccg ican confab anchor borrower's program bank to support small farm holders food production in nigeria self-sufficiency in rice production in nigeria forex shortage in nigeria currency crisis in nigeria cbn naira 4 dollar scheme transcorp hotels plc accommodation booking app aura digital banking the united bank for africa plc uba’s group the standards organization of nigeria the 96 new nigerian industrial standards nigerian economic summit group debt management in w/africa challenges affecting debt management practice in west africa kano economic growth aspira nigeria limited contributions to the economic growth of kano nigeria changes in the land area real estate investors to benefit from the changes in the land area nigeria n59trn real estate opportunity market index lift lafarge africa ardova isnad-africa covid-19 impact on africa’s economy world wide fund for nature post-covid-19 recovery plans e-call up system overhaul lasg flutterwave a usd 170 million fund by flutterwave growth capital and tiger global management llc cashless economy telecommunications partnerships mastercard market product management nigeria’s external imbalance national bureau of statistics foreign trade data multidimensional poverty in nigeria debt crisis and heightened insecurity in nigeria decrease of local production value manufacturers association of nigeria weak purchasing power munich microchip r&d hub european silicon design centre apple investments scientific and technological advancement in nigeria nexus between science diplomacy nigeria to engage in scientific collaborations arrow leadership development foundation atcohomes attributes to survive in business business ethics nse demutualization exercise 10 -year demutualisation project of the nigerian stock exchange new vista npa hacking of electronic call-up platform at npa restoring sanity to port access roads institute of chartered accountants of nigeria accounting professionals asked to rescue the country's economy metering rollout national mass metering program nigeria aims to meter all households capacity challenge by national metering rollout petroleum products pricing regulatory agency national petroleum corporation increase in price of crude securities and exchange commission nigeria finance revenue-generating projects financing nigeria’s budget and infrastructure deficits investment shortages in nigeria’s hospitality sectors covid 19 effects on the nigerian hospitality sector dangote sugar refinery plc dangote niger sugar limited. sugar business in niger state covid 19 update in nigeria nigeria covid 19 deaths deaths caused by corona virus in nigeria ube primary school in rama kidnapping kaduna kidnapping school teachers and students kidnapped the gender inequality gap in nigeria banks chiefs urge for education of the girl-child ways to reduce the gender inequality ga insurance benefits in nigeria insurance penetration increase in nigeria nigeria insurance providers electricity supply in nigeria man manufacturers ought for alternative electricity supply building insurance defaulters in nigeria punishment for building insurance defaulters nigeria government to take action for building insurance defaulters stockbrokers seek for revenue-generating projects reduction of balance sheet borrowing sec yearly budget seminar currency devaluation in nigeria sudden and sharp currency devaluation in nigeria what causes the sudden and sharp currency devaluation in nigeria africa’s petroleum downstream causes of africa’s petroleum downstream internet service providers in nigeria the nigerian communications commission plans to boost the dwindling fortunes of internet service in nigeria global foreign direct investment unctad investment trends monitor decrease in fdi reposition of the local bourse the need to make nigerian market more attractive to attracting savings nigeria aims to attractglobal savings investment in the oil and gas sector sub-saharan africa countries nigeria's share in in africa’s oil income generated by oil companies operating in nigeria nigeria aims to increase information and communication technology development information and communication technology development ecowas and ict collaboration africa commodity ecosystem africa macroeconomic challenges covid-19 pandemic impacts on african economies extension of the appointment of asset manager for infracorp infracorp independent infrastructure asset manager infrastructure corporation of nigeria limited china africa business council cabc offices in lagos the cooperation between nigerian and chinese companies port harcourt-maiduguri rail project port harcourt-maiduguri rail project attract mixed reactions peoples opinion on port harcourt-maiduguri rail project implementation of the african continental free trade agreement nigerian office for trade negotiations special funding intervention vehicle to afcfta effective metering in nigeria momas electricity meters manufacturing company limited transparency in power industry the nigerian ports authority 100-year port development plan sanity on port access roads in lagos local industry protection african continental free trade agreement nigerian companies to provide services to africa technology-driven economy world trade organization call for urgent actions to transition the country’s economy from oil to a service and technology-driven one telcos shelve withdrawal ussd suspension customers to pay n6.98 kobo per ussd transaction post-covid recovery of african nations continental reinsurance plc private pan-african reinsurers astrazeneca vaccine who approves astrazeneca vaccines benefits of astrazeneca vaccine mba capital and trading investment limited saga mba's commitment to pay back investor mba unable to meet expected investment revenue mdas quarterly audit the accountant-general of the federation (agf) aims to reduce corruption in nigeria corruption cases in nigeria samsung new phones galaxy a32 galaxy a52 galaxy a72 zenith bank plc zenith bank plc dividend zenith bank plc approves a final dividend the lab arm-harith infrastructure investments limited sustainable urbanisation for west africa. mouka foam world sleep day importance of healthy sleep impact of sleep on human health engauge eyes smes mtn creates an innovative customer management solutions mtn launches customer engagement platform nigeria social insurance trust fund pharmacist council of nigeria nsitf collaboration with ecs dmo the launch of ijarah sukuk the 2020 sukuk bonds energy transition declining oil investment poor fiscal environment growing pressure to transit from fossil fuels effects on oil and gas company tariff increment in nigeria tariff increment for prepaid electricity consumers poverty in africa tony elumelu foundation world government summit dialogue: africa’s future post 2021 afcfta risks afcfta rewards the risks and rewards of the africa continental free trade area oil supply in nigeria nigeria government debt to ipman ipman threatens to cut petrol supply in nigeria african child protection family strengthening project children trafficking increase alert campaign to end torture against children ncaa charges azman air azman air charged safety infractions the nigerian civil aviation authority international civil aviation organization schemes to recapitalize ailing sectors of the economy inefficiency and underdevelopment in financial sector proposed refinery in katsina the three nigeria refineries refineries maintenance cost enough to build three new refineries n300b target credit facility (tcf) for households 30th seminar for finance correspondents and business editors leverage digital economy to drive growth president’s emergency plan for aids relief us invests $85tr globally in fight against hiv/aids us aim to fight hiv/aids government urged to enhance mobilization of savings savings pension funds critical to national development forensic bill the proposed chartered institute benefits of the proposed chartered institute the african economic challenges inter-sectoral framework to help reduce the the african economic challenges the africa advocacy programme aap the lekki deep sea port project progress on the lekki deep sea port project lekki deep sea port project to improve commerce in nigeria pan-african credit rating agency effects of coronavirus pandemic on the insurance industry nigeria insurance industry post the coronavirus pandemic the corporate social responsibility (csr) project free eye cataract surgery premium pension capitalization increase by various banks blue-chip stocks record gains the approval of 47 imtos 47 companies approved to operate as international money transfer operators ao and fa consulting aims to improve nigerian economy improvement in the financial advisory industry flexibility in accounting profession nigeria government to commit $3 billion to the power sector nigeria government to fund power sector to increase megawatts (mws) delay in apapa road construction anlca poor roads in nigeria the lagos state internal revenue service taxable persons file a return of income according to section 41 trade and investment in nigeria fg reaffirms business development telcos support to curb e-fraud in nigeria banks and telecommunication companies to unite and curb e-fraud in nigeria increase in e-fraud in nigeria $1 billion syndicated loan to support the micro small and medium enterprises the aim of the $1 billion syndicated loan by boi nnpc yet to remit money from domestic crude oil sales from 2015 national petroleum corporation 2015/2016 audit risks benefits of afcfta importance of public-private partnership nigeria’s active involvement in afcfta to help to reduce the effect of the current stagflation eco bank group 2020 revenue eco bank group capitalisation rises by n199 billion rise in mobile money transactions state of the industry report on mobile money registered accounts grew by 13 per cent globally in 2020 to more than 1.2 billion government industry and academia to diversify the economy nigeria’s natural resource export shrinking economy sustainability award fcmb achieves 100 sites leading commercial and industrial solar power provider in west africa clean-up initiative the multi-city beach clean-up exercise seasoned environmentalists nlng train 7 project infrastructure projects in nigeria participation of local companies in the implementation of nlng train 7 project itf selected to lift 100m nigerians out of poverty nigerian economy suspension of all export receipts at the lagos ports complex and the tin can island port till nigeria port suspension price-fixing regime in the foreign exchange experts seek end to price-fixing the foreign portfolio investors mou to support early project preparation financing and technical support services african export-import bank nigeria export-import bank integrated review of security integrated review of defense integrated review of development and foreign policy britain to boost trade and investment across the continent modalities to boost investment in infrastructure nigeria is in need of foreign direct investments securities and exchange commission infrastructure webinar n1 billion dividends to shareholders africa prudential plc declares n1 billion dividends effects of technology on professional practices benefits of data analytics how businesses enterprises could leverage it to transform their operations and income sec unveils new rules new rules on commodity trading vibrant commodities trading ecosystem ew rules on warehousing collateral management and other requirements. port’s electronic call-up scheme apapa 20th anniversary of nigerian society of engineers (nse) apapa branch misrepresentation in the foreign exchange management nigeria foreign exchange management controversy cbn urged to be proactive in fx management the national institute for legislative and democratic studies toolkit nilds develops a toolkit to enhance the benefit of the extractive industry. turkish airlines accused of violations of workers and trade union rights the nigeria labor congress to suspend turkish airlines congestion in lagos ports manufacturing firms in nigeria stressed about the congestion in lagos ports market capitalisation appreciate by n145 billion renewed appetite lead to an increase in the stock market dollar hits one-year yen rise in stock exchange market european and asian stock markets extended gains global economic recovery unbundling and partial concession of the transmission company of nigeria the responsive iso the power market market capitalization depreciated by n119 billion nigerian stock exchange declined equities the nigeria export processing zones authority a global economic concept that supports speedy infrastructure development africa’s food ecosystem food entrepreneurs in africa: scaling resilient agriculture businesses and discuss the theme preparing the next generation of entrepreneurs to transform africa’s food ecosystem seplat petroleum development company bond $650 million bond by seplat transaction overview of the $650 million bond by seplat starsight energy record growth starsight energy 2020 growth starsight energy growth analysis new banking professional examination and certification programme syllabus cibn ways to address skill issues in banks nigeria loses 20% passenger traffic over emirates etihad’s withdrawal from nigerian airspace the suspension of emirates airline the foreign direct investment the government urged to facilitate industrial growth and promote investment inflows details on the press parley in lagos on tuesday tudo app fintech launches new app tudo to drive digital revolution nigerian fintech outfit xerde limited new app low profitability in the nigerian national petroleum corporation media workshop organised by extractive 360 details nnpc crisis security architecture in kano kano state kano development kano is still nigeria’s investment destination iso 9001:2015 certification award beta computers limited awarded the iso certification pecb management system certificate eko electricity distribution company promises stable power during easter power distribution during eater season nigeria power distribution the approval of telecoms firm's restructuring plan $51m fresh funding of telecoms firm the aim of $51m funding of telecoms firm glo-sponsored tv programme two nigerian change agents to feature in glo-sponsored tv programme nigeria's economic growth rate in 2021 adopt reforms to ensure cost-reflective pricing in energy and other utilities. nigeria’s digital economy ftth as crucial enthronement of a digital economy in nigeria nigeria’s information and communications technologyindustry free medicare to lagos residents revolution plus group offers free medical care to over 1 000 persons lagos free medicare shell oil spill in bayelsa oil leakage at nun river in bayelsa oil spill by the shell petroleum development company ibadan auto spare parts market fire fire at ibadan auto spare parts market tire section cause fire at ibadan auto spare parts market telecoms operators crisis with the commercial banks ussd channels blocked telecoms customers unable to carry out major transactions financial results for fidelity bank plc fidelity bank plc growth fidelity bank plc growth as of december 31 2020 united bank for africa strategic investments in digital banking and technology united bank for africa promised improved returns on key investments mergers and acquisitions to form big-ticket firms experts charge insurers on mergers experts task insurers on acquisitions for big-ticket borrowers benefit from the microfinance institutions mfis smes face financing challenges advantages of doing business virtually effects of virtual business growth on technology nigeria's economy post pandemic. poor privatization deals in nigeria closures and total neglect of the nation's metal industries leads to the lose over n54.2 trillion yearly new sme offerings to increase the insurance market new smes to contribute maximally to the nation’s economy. 500m fund for tech creative sectors nigeria’s creative and technology industries afdb to source the $500m fund project ecobank receives sustainability award ecobank gets a reward for achieving 100 sites starsight presents sustainability award to ecobank fcmb group plc 2020 financial year fcmb posts n199.4b revenue fcmb posts profit apapa-yaba standard gauge rail apapa-yaba standard gauge rail set to begin operstions soon apapa-yaba standard gauge rail to deliver 500 containers daily effects of the waziri jetty closure deport owners urge the president to reopen the waziri jetty plea to reopen the jetty located along the dockyard road dangote commits to agric development dangote industries limited to partner with various tiers of governments all-share index (asi) appreciate by 0.02 per cent companies halt leads to all-share index (asi) appreciation highcap stocks pushes index by 0.02% nigeria as a key market for the business year nigeria was the second-most requested edition the business year 2020 nimasa nrc to revive railway foundry the resuscitation of the century-old railway foundry in lagos nse sustains positive profile capitalization gains n13b blue-chip stocks appreciation oil price volatility in nigeria federal government urged to leverage opportunities in exchange-traded derivatives federal government urged to eliminate the risk associated with oil prices investors fleeing mining sites due to bandits bandits infiltrate mining sites nigeria is losing huge revenue as bandits infiltrate mining sites firms trying to find sustainable ussd pricing model longer-term pricing structure for unstructured supplementary service data group experience loss to stripping operation hiccup a group of licensed customs agents laments n500m daily loss suspension of stripping activities at the bonded terminals in tin can island port complex 428 new oil gas projects to begin in africa nigeria named as one of the biggest crude oil producers in africa financial exchanges stumble end of the week unstable stock markets on friday friday stock exchange markets nigeria government to retain subsidy on premium motor spirit for the next six months petrol subsidy to remain in place for the next five to six months to enable government to carry out wide consultations the lagos- ibadan rail line project minister urges contractors to hasten lagos-ibadan rail project mutual benefits assurance plc operations to boost insurance adoption and market penetration efforts to develop the insurance business and create value purplepay unveils a new digital wallet electronic payment ecosystem a digital app that enables users to receive and send money for free and perform other banking services seamlessly depreciation in nigerian stock exchange analysts foresee a difficult future most all-share index downgraded by 0.13 nigerian breweries (nb) plc final dividend total nb dividend declared in 2020 to n7.51 billion total nb dividends to be paid to shareholders nigeria’s insurance industry downfall nigeria’s insurance industry unsustainability nigeria's insecurity causing the downfall of nigeria’s insurance industry tokyo stocks close down nigeria's investors cautious ahead of japan’s corporate results season tokyo stocks nigeria's islamic banking system the fintech era islamic fintech alibaba shares shares in tech giant alibaba soar the impact of $2.78 billion antitrust fine imposed by china ways to grow nigeria’s gross domestic product the take-off of commodities exchanges in nigeria the benefits of commodities exchanges mtn to put $6 billion value on mobile money unit sale or listing of a minority stake mtn mobile financial service cryptocurrency exchange launch shares on wall street bitcoin hits record high above $62 bitcoin value nigeria embarks on $47.4 billion gas projects nigeria has recorded progress on key gas projects nigeria’s enormous gas resources the publication of the book of states new publication detailing economic potential of states and their performances the federal government has unveiled a publication konn3ct competes for $78b virtual market konn3ct a nigerian meeting app set to compete with zoom google meet and microsoft teams recognition of firms that prioritize innovation and creativity award to recognize firms that prioritize value services for customer benefits yeli’s n10m business support seventeen youths have benefitted from the 2021 youth entrepreneurial and leadership initiative uba business series msme workshop and a capacity-building initiative of the bank uba to support the growth and sustainability of micro small and medium-scale enterprises nigeria-france business council industry minister pledge for the establishment of nigeria-france business council nigeria-france business council to enhance trade relations between the two countries digital substation model to boost power distribution in nigeria power distribution concerns in nigeria commercial flights take off global flight begin post pandemic nigeria record high number of commercial flights since coronavirus pandemic new approach to stimulating investments in energy nigeria faces a critical challenge in attracting investments to the enormous energy inadequate electricity trading the financial markets leverage techniques and tools you can use to make more money what is leverage empowerment programme amber drinks limited amber drinks to empower over 2000 nigerians amber drinks start-up loans concerns over rising inflation and debt sustainability in nigeria release today in nigeria concerns about the persistent increase in domestic prices bua group and axens of franc project signing of a progress acknowledgment statement between bua group and axens of franc bua to complete 200 000bpd refinery before 2025 imf endorses digital money digital money to enhance “faster easier and cheaper” remittance and cross-border payments coinbase makes stock market debut coinbase as the first major crypto business to go public in the u.s. coinbase zar pairs and xngusd octafx introduces new currency pairs new commodity four tradable currency pairs and one commodity/currency pair. adrc to eliminate unnecessary disputes and reduce litigation costs in the oil and gas industry adrc in lagos to help bring down cost of production gas constraint maintenance of jebba power plant and water shortage management in shiroro plant cause nationwide blackout in nigeria the implementation of national roaming services nin-sim exercise guidelines prescribing a regulatory framework union bank reaches 100 installations of starsight power starsight energy completes over 500 sites for its clients in nigeria bua cement company presents drugs and other medical items to seven primary healthcare centres in the wamakko bua cement company donates n10million worth of items the interception of n1.3 billion contrabands nigeria customs service raised debit notes worth n1.3 billion cold relationship between oil companies and their host communities the redrafting of the host community development section of the controversial bill nigeria is creating affordable reliable energy for its populace and transitioning nigeria is in transit for providing cleaner energy in line with the net-zero emissions global target. local airlines spike airfares foreign exchange liquidity crisis effects foreign exchange crisis on airlines oil demand is bouncing back increase in oil demand oil demand despite movement restrictions oil demand post covid- 19 africa's economy an over view of the africa's economy africa's economy post covid the reduction of human contact at the ports nigerian ports achieves 70% digitalization nigerian government explains reduction of human contact at the ports n42 billion debt for the ussd services telcos seek for an intervention of the cbn and ncc banks asked to to pay the n42 billion debt unstructured supplementary service data debt apapa-oshodi-ojota-oworonshoki road project the completion of apapa-oshodi-ojota-oworonshoki road project apapa-oshodi-ojota-oworonshoki road project to be completed in 9 to 10 months e-hailing companies asked to immediately increase fares being charged by the operators uber and bolt strike in lagos uber and bolt drivers threaten to strike until fares are increased insurance companies' obligations increase insurer pays n501million claims great nigeria insurance plc honor claims states’ internally-generated revenues slip state governments’ depend on abuja to fund its expenditures states’ internally generated revenues show two per cent dip in revenue mobilisation ‘dangote sugar investments to promote infrastructure growth’ dangote sugar refinery plc aims to turn nigeria to self-sufficient in sugar production. glo introduces new customer services glo ne services glo betters its customer experience with new services glo's friendly customer service gas-powered engine vehicles flash gas to begin conversion of cars to gas-powered engines from june gas-powered engine vehicles to drive gas utilisation and consumption in the country. nigeria’s national identification project’ ‘local companies advised to manage nigeria’s national identification project’ cryptocurrencies’ impact on diaspora remittances measures to insulate diaspora remittances against the impacts of cryptocurrencies. the launch of onepay for business. onepay for business onepay for business turns mobile phones to pos ending the gas-to-power challenges the perennial challenges facing gas-fired power plants in the country bottlenecks continue to cause power outages nigeria government announces its aim to plans to increase milk production government to provide the needed infrastructure to enhance milk aggregation cbn’s objectives to trade within africa objectives of enabling greater economic growth and creating employment opportunities for the country’s growing population mobile industry eyes zero carbon emission mobile industry aim at combating climate change mobile industry vision 2050 stakeholders decry the state of nigerian seaports stakeholders describe nigerian seaports as underdeveloped stakeholders comments on nigerian seaports mtn to invest $10b on nigeria mtn commits about $10 billion in the next five years to improve infrastructure mtn to improve africa’s telecoms infrastructure smile explains service outage smile recent service outage network upgrade and modernisation activities cause service outage at smile financial literacy as the key to sustainable development banks advocates advocate banks to compensate their customers agusto & co and a2ng assigns global accelerex an a- (stable outlook) agusto & co and a2ng credit ratings biden tax hike proposals rattles at wall street for biden tax hike is biden really considering a tax hike on wealthy stock investors aladdin digital bank launches a digital app digital bank unveils revolutionary app to save borrow make payments nigeria exports over $700m to indonesia over $700m nigeria-indonesia export nigeria export market uba q1 profit rises uba q1 records a 24% profit uba q1 profit in the first-quarter 2021 operations new local airlines routes local airlines rebound with traffic surge the end of liquidity emergency in the airline sector youth unemployment in nigeria boi to tackle youth unemployment bank of industry plans to use tech hub to reduce youth unemployment in nigeria businesses lose $29 billion yearly to poor electricity nigeria poor electricity affects business effects of poor power supply in nigeria the closure of ikorodu road inbound anthony road alternatives following the closure of ikorodu road inbound anthony president buhari overrules dpr and restored 4 oil blocks reason behind the president's overruling dpr and restoring 4 oil blocks to nnpc/addax healthcare investments in africa rise in africa healthcare investments challenges in healthcare in africa greenfield university abduction fg determined to continue fighting all forms of banditry us warns its citizens to reconsider travelling to nigeria nigeria identified as a high-risk area for for ransom terrorism and other security threats dangote’s interest in buying arsenal fc is dangote’s buying arsenal fc? dangote’s plans for buying arsenal fc unity bank increases loan portfolio unity bank gross loan portfolio increased by 94.3% nigerian arnergy gets the attention of bill gates and his billionaires’ friends nigerian arnergy recognized as one of the top companies that will help save the world international flight operations are yet to resume at kano ph airports issuing notice to airmen by the fg and low passenger turnout cause imo state governor’s house attacked imo state governor’s cars burnt imo state governor’s house under attack commercial banks’ loan exposure commercial bank loan portfolio exceeds 20tr national bureau of statistics report tesla reports higher profits tesla reports surging electric vehicle sales tesla upstart’s model 3 becoming the best-selling premier sedan in the world stakeholders charge smes on governance structure stakeholders charge smes on credit management nigeria leads digital revolution paxful has disclosed that it has traded about $1.5 billion with 1.5 million nigerian users on its platform local airlines spend n44b yearly on maintenance homegrown mro yet to be set up six years after it was muted kogi state secures $100 million afdb loan the loan to be channelled to funding special agro-industrial processing zones highcap stocks lift capitalisation by n356 billion market capitalisation appreciate access bank transacted 16.691 million shares worth 122.154 million nigerian politicians own properties worth $400m in dubai politically exposed persons (peps) in nigeria. nigeria’s moribund refineries huge funds being spent on nigeria’s moribund refineries nigeria’s moribund refineries generating minimal revenues for the nation. maritime looking for money to replace existing ships maritime looks to invest $3.4 trillion to replace existing ships olusegun ogunsanya announced as ceo of airtel nigeria to lead airtel in nigeria local airlines to roll out common ticket interlining arrangement that offers customers the benefit of the two airlines using a single ticket unity bank hits 43% profit in q1 unity bank unaudited q1 results nsia value campaign nsia value campaign to offer opportunity to deliver benefits of insurance to consumers cardinalstone financing spv plc n5 billion series one bond on fmdq fmdq securities exchange limited wema bank is commemorating its 76th anniversary wema bank as the longest surviving indigenous nigerian bank started operations in 1945 enforcement of compulsory insurance several insurance firms partner to enhance compulsory insurance improved q1 earnings lift stock market indices market capitalization appreciate by 1.36 per cent new digital currency trading app a mobile app that allows instant exchange of cryptocurrencies using the naira investment announcement inflows in quarter one nigeria received $8.4b investment announcement inflows in q1 investments to boost africa’s economy diversification to boost africa’s economy china’s domination of african economy world youngest crypto billionaire forbes names ethereum cryptocurrency co-founder as the the world youngest billionaire new dg of the delta economic summit group ekenem isichei appointed as the new director-general of the delta economic summit group mtn digital revenue grew by 101 per cent and fintech revenue by 28.5 per cent banks owe mtn n40 billion afdb ifad partner to strengthen africa's food security an alliance to address rising hunger on the continent. the free trade zone scheme nbs nepza partner on export import data in the free trade zone contactless tap-and-go payments and online shopping how nigeria consumers are adopting to the new contactless payment patterns ngx sustains sliding profile capitalization plunges further by n167b ngx extended bearish sentiment to three consecutive trading sessions copper and iron ore demand on the rise copper and iron ore prices hit record highs naira 4 dollar scheme extended fx crisis continue cbn extends ‘naira 4 dollar scheme’ indefinitely as fx crisis continues nigeria marginal field development program marginal fields to help with the development of local content in the oil and gas industry airlines record 73% traffic slump amid restrictions airlines in nigeria have recorded 73.7 per cent slump in passenger traffic for the month of march 2021