CBN reassures public on banking sector stability
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The CBN,…
CVFF loan: NIMASA confirms single-digit interest rate
The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced that the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed at a single-digit interest rate, marking a significant milestone…
FG unviels new regulations for leased aircrafts
In a quest to ensure ease of doing business and strengthen Airline Operators, Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that President Bola Ahmed Tinubu led…
APM terminals records 30% export cargo surge in April
APM Terminals Apapa has given Nigeria’s export drive a strong lift, handling 8,687 twenty-foot equivalent units of export cargos in April, marking a 30% jump from the 6,606 TEUs recorded…
Dangote visits NNPCL, calls for healthy competition in oil sector
The President/CEO of the Dangote Group, Alh. Aliko Dangote on Thursday visited the newly appointed Group CEO of NNPC Ltd., Mr. Bashir Bayo Ojulari, in Abuja, with a call for…
Bellazir energy poised to transform Nigeria’s oil marketing sector
Bellazir Energy Limited, a forward-looking player in Nigeria’s downstream petroleum industry has been launched with a bold vision to transform the sale and distribution of products with innovative solutions. The…
GTBank to charge N6 per SMS alert effective May 1
Effective Thursday, May 1, Guaranty Trust Bank (GTB) will begin deducting N6 from customers’ accounts for every transaction alert received via Short Message Service (SMS). The bank notified its customers…
MTN rebounds with N133.7bn profit after string of losses
MTN Nigeria Communications Plc has bounced back to profitability, posting a N133.7 billion profit after tax in Q1 2025, its first since 2023. marking a turnaround for the telecom giant…
CBN direct Banks to adopt PAPSS for transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to adopt the Pan-African Payment and Settlement System (PAPSS) and commence originating transactions under the new…
FG blames pest outbreaks, poor storage for tomato imports
Federal Government has attributed the persistent importation of tomato concentrate and paste to poor local production capacity and threat from pest outbreaks. According to the Minister of Agriculture and Food…















