Dangote, Two Others Account For N3.48bn Social Expenditure — NEITI   The Nigeria Extractive Industries Transparency Initiative (NEITI) has named Dangote Group, Lafarge Africa Plc and First Patriots as the top three contributors to the mining industry’s social expenditure with N3.48 billion total spending. The figure, according...

Nigeria’s Debts May Hit N45trn In Q4 2022, LCCI Predicts   The Lagos Chamber of Commerce and Industry (LCCI) has predicted that Nigeria’s total debts was expected to hit N45.86 trillion by December 2022. According to the President, LCCI, Mr. Michael Olawale-Cole, who spoke at a press...

Nine Banks Made N554bn Fees, Commissions In 2021   Nine major Deposit Money Banks in Nigeria raked in the sum of N554.23bn from fees and commissions in 2021. This amount is 29.4 per cent higher than N428.32bn they made in 2020. The banks are Access Bank...

Nigeria Tops 169 Countries In Global Internet Poverty Index   Nigeria has the largest number of Internet poor people in the world, according to the Internet Poverty Index by the World Data Lab. According to the index, 47.39 per cent (103.02 million people) of Nigeria’s 217.37 million...

CBN: Nigeria Generates N29.95 Billion From Exportation of Electricity The Central Bank of Nigeria data report has revealed that Nigeria generated a sum of $72 million from electricity export in 2021, a naira equivalent of N29.95 billion, using the official exchange rate of N416/$1. This is...

CBN Approves DLM Capital's Links Microfinance Bank The Central Bank of Nigeria (CBN) has approved DLM Capital Group's acquisition of Links Microfinance Bank. DLM Capital Group comprises of subsidiaries in investment banking, trustees, securities trading, FX, digital banking, asset management, nominees, and corporate lending. This approval is...