According to the apex bank’s latest monthly economic report, the total consumer credit outstanding increased to N3,823bn in January 2024. The report further explained that a disaggregation of consumer credit revealed, that personal loans increased by 14.3 per cent to N3,028bn from N2,649bn in December 2023. Retail loans rose by 4 per cent to N795bn,…
The FG, through a suit filed on its behalf by the Federal Inland Revenue Service (FIRS), took the firm before the Abuja Federal High Court on six counts. In the suit, the Federal Republic of Nigeria is listed as the complainant, while Wells Property Development Company Limited is joined with nine individuals as defendants. Among…
The convener of Adire Street Cultural Carnival who is also the marketing director for a fiber rich food, MAF Canada Quick Oats Meal, Princess Oluwabukola Fasuyi has urged Nigerians to see the fiber rich organic food as a complete food supplement that would help them to live a healthy life. The Lady of Africa as…
..Gov seeks collaboration for Lagos Food and Logistics Hub project..Reiterates administration’s commitment to food security, sufficiency In line with its commitment to food security and sufficiency in Lagos, Governor Babajide Sanwo-Olu’s administration has established concrete plans for effective collaboration between Rungis International Market, renowned as the world’s second-largest wholesale food market, and the Lagos State…
The Nigerian Electricity Regulatory Commission (NERC), on Friday, June 21, announced the approval of N21 billion for 11 electricity Distribution Companies (DisCos) to provide meters for end-user customers. This was contained in its ORDER NO: NERC/2024/072 on The Operationalization of “Tranche A” of the Presidential Metering Initiative Under the Framework of Meter Acquisition Fund. NERC…
●As Kyari promises project will be ready 1st Qtr 2025 The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation’s economic growth and industrialisation. This was made known during the visit of three cabinet Ministers to the AKK Gas Pipeline Project Site where they inspected the…
On Thursday, Nigeria’s Nigerian National Petroleum Company Limited (60 percent) and TotalEnergies (40 percent), the operator of Oil Mining Lease 58 onshore license in Nigeria, signed a $550 million Final Investment Decision for the development of the Ubeta gas field. Located about 80 km northwest of Port Harcourt in Rivers State, the OML 58 licence…
The $550 million final investment decision for the Ubeta Field Development Project has been announced by the NNPC-TotalEnergies JV, which is a significant step towards increasing Nigeria’s oil and gas production. This milestone, according to NNPC aligns with President Bola Tinubu’s Presidential Executive Order on Oil and Gas Reforms, designed to improve the investment climate…
Following the Central Bank of Nigeria’s March mandate on recapitalization, Fidelity Bank Plc became the first bank to go public on Thursday when it began its N127.10 billion rights issuance and public offer. Fidelity Bank on Thursday commenced its public offer of 10 billion ordinary shares of 50 kobo each at N9.75 per share and…
