FG Tasks Bank Of Industry to Disburse N200bn to MSMEs, Others The Bank of Industry (BOI) has been appointed by the Federal Government as the executing agency of a N200 billion fund to support businesses across Nigeria. The Federal Ministry of Industry, Trade, and Investment (FMITI),...

NNPCL Commences 14,000bpd Condensates Production from Akpo Field The Nigerian National Petroleum Company Limited, on Wednesday, announced the successful commencement of 14,000 barrels per day condensates production from the Akpo West Field. It said this was in line with President Bola Tinubu’s directive to the national...

Sachet Alcoholic Ban: 500,000 Nigerians will Lose Jobs, Says MAN The Manufacturers Association of Nigeria says the ban on the sale of alcoholic drinks by the National Agency For Food and Drug Administration will cost the Nigerian economy 500,000 jobs. In a statement signed by the...

Lagos, Rivers, Others Flared $2bn Gas in Four Years A report by the Nigerian Gas Flare Tracker revealed that between 2020 and 2024, $1.9 billion worth of gas was flared in Nigeria. The report stated that during the period under review, 595.1 million standard cubic feet...

Market Caps Drop N55.87tn as NGX Sustains Bearish Trend The Nigerian Exchange trading activities were subdued leading to a marginal depreciation in the market capitalisation to N55.87tn. At the close of trading on Wednesday, investors lost N1bn as the All-Share Index depreciated 0.002 per cent to...

Nigeria's Cashless Transactions Hit N611tn - Report The Nigeria Inter-Bank Settlement System has revealed that cashless transactions in the country rose to N611.06tn in 2023. It said this in its report on Wednesday that the payments grew by 54.55 per cent year-on-year from N395.38tn in 2022. NIBSS...