Billionaire Banker, Tony Elumelu’s Heirs Energies Doubles its Crude Oil Production to 50,000 BPD to Improve Oil Sector Security Nigeria’s billionaire banker, Tony Elumelu, has seen his oil production company, Heirs Energies, steadily increase its crude oil production output from…
Geregu Power set to share N22.5 billion among shareholders as earnings hit the roof If you are looking for some good news to start your weekend, look no further than the power sector. In a move that has sent excitement…
Naira Exchange Rate Improves As Nigerian Currency Strengthens Against Dollar The Nigerian exchange rate ended the week on a positive note on Friday, as the naira strengthened against the dollar at the official foreign exchange market. This data, released by…
CBN Recapitalization Update: 20 Banks Meet Capital Requirements Ahead of Deadline Join our WhatsApp community The Central Bank of Nigeria’s recapitalization exercise has recorded fresh progress as 20 commercial banks have so far met the required capital thresholds. This was…
The Securities and Exchange Commission (SEC) has formally announced an increase in minimum capital requirements for all categories of capital market operators (CMOs). In a Friday circular, the SEC stated that the need to improve investor protection and market resiliency…
Nigeria inflation rate falls to 15.15 percent as food prices drop significantly Join our WhatsApp community For many Nigerians who have been battling with the high cost of living over the last two years, the latest news from the National…
Paystack Banking License Signals New Era as Fintech Acquires Ladder Microfinance Bank Join our WhatsApp community Paystack’s banking license has become a major talking point in Nigeria’s fintech space following the company’s acquisition of Ladder Microfinance Bank. The move grants…
Nigeria prepares for a massive shift as electric vehicles take over the roads in 2026. Join our WhatsApp community If you have spent any time in Nigerian traffic lately, you will notice that the conversation is slowly changing from the…
Nigerians Brace for New Charges as 7.5% VAT on Bank Transfers Begins January 19, 2026 Join our WhatsApp community Nigerians will soon begin paying a 7.5% VAT on bank transfers following a new government-backed directive that introduces additional charges on…
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have been ordered by a Federal Capital Territory (FCT) high court to freeze N7.15 billion associated with Parallex Bank Limited. After FHT Mega Express Limited filed an…
NRS Boss says New Tax Laws Reduce January Salary Deductions for Low-Income Earners Join our WhatsApp community The Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, has advised Nigerians in the lower income category to carefully check…
World Bank predicts Nigeria’s economic growth to hit a decade high of 4.4 percent. Join our WhatsApp community If you have been following the news lately, you would know that the conversation around Nigeria’s economy has been quite heavy. We…
New U.S. guidelines on immigration status and credit applications If you have ever dreamt of making it big in the United States, you probably know that credit is the lifeblood of that system. From buying a “tear rubber” car to…
Satellite TV giant, Multichoice Nigeria has officially announced the appointment of Kemi Omotosho as its new Chief Executive Officer following the retirement of John Ugbe. ‎The company, in a statement on Monday, revealed that Omotosho’s appointment will take effect from…
Nigeria morning news recap and daily updates Join our WhatsApp community Good morning to every Nigerian waking up to the hustle and bustle of another busy week. If you have been following the headlines, you will know that the air…
