Dangote Refinery to Generate 135,000 Jobs, 12,000 Megawatts of Electricity - CBN The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the Dangote Oil Refinery is expected to generate 12,000 megawatts of electricity and over 135,000 permanent jobs. Emefiele said this on Monday...

NCS Intensifies Onslaught Against Smugglers, Impounds 33,597 Rice Bags In the aftermath of a special report done by Economic Confidential, a sister publication of PRNigeria, on rice smuggling into the country, officials of the Nigeria Customs Service, NCS, have impounded no fewer than 33,597 bags...

N22.7 trillion Ways and Means: Reps Deny Collecting $15m from Executive The House of Representatives had denied collecting a bribe of 15 million dollars from the Executive arm of government to approve its latest request on the humongous debt it is owing the Central Bank...

Economists Urge FG to Implement Measures to Control Rising Inflation  Economists have called on President Muhammadu Buhari’s regime to implement complementary fiscal measures to boost the food supply and address the rising inflation in the country. They made the suggestions in separate interviews in Lagos while...

Banks’ Assets Rise to N78tn in Q1 - CBN The Central Bank of Nigeria says the total assets of the Nigerian banking industry rose by 25.12 per cent in one year to N77.59tn as of the end of February 2023. This was disclosed in a statement...

Seven Banks Paid N1bn for Forex Offences - Report The Nigerian Exchange Limited recent report revealed that seven Deposit Money Banks paid sum of N1,088,334,000 as fines to the Central Bank of Nigeria, Securities and Exchange Commission, National Insurance Commission, Pension Commission and others in...