The Nigerian Naira is in a tailspin at the Black Market, a day after the Central Bank stopped weekly sale of dollars to the BDCs. According to the ngnrates.com, the Naira slumped to N522 to the US Dollar. Operators in…
The International Monetary Fund (IMF) has projected a 48.5 per cent public debt-to-Gross Domestic Product (GDP) ratio for Nigeria in 2021. It also retained Nigeria’s 2.5 per cent economic growth forecast for 2021. The institution said this in its World…
Oil and gas logistics company, INTELS Nigeria Limited, has graduated 34 women from its Women Empowerment Programme Scheme Synergy (WEPSS). The WEPSS is a corporate social responsibility programme of INTELS, which was established in 2013 with the vision of empowering…
…to boost data domestication, sovereignty in Nigeria By Ogaga Ariemu, Abuja Galaxy Backbone Limited, Zadara have collaborated to provide seamless cloud edge services to Nigerians. Nigerian NewsDirect learnt this during a webinar session titled, ‘Cloud Service and the journey towards…
FMDQ Securities Exchange Ltd. has recorded a turnover of N15.31 trillion in the Fixed Income and Currency (FIC) in the month of June. This was stated in a monthly FIC report obtained by the Newsmen from FMDQ on Tuesday. The…
President Muhammadu Buhari on Monday signed the N982.7 billion supplementary budget for 2021 into law. The Presidency presented the budget to the National Assembly to address urgent security and COVID-19 needs of the nation. Malam Garba Shehu, the president’s Senior…
The National Pension Commission (PenCom) on Monday said it had commenced payment of the 2.5 per cent differentials of 2004 and 2014 specified by the Pension Reform Act (PRA) to retirees. Head, Contribution and Bond Redemption Department, PenCom, Mr Saleem…
The Chief Executive Officer, FMDQ Group, Mr Bola Onadele, says that the global private equity Asset Under Management (AUM) has hit $4.50 trillion in the last 10 years. Onadele disclosed this at the Coronation Merchant Bank interactive session webinar with…
For its strict adherence to the local content policy of the federal government, Dangote Oil Refinery has been awarded the National Oil Company of the year with the most impactful Local Content Development initiative and opportunity presenter in the downstream…
President Stakeholder in Blockchain Technology Association of Nigeria (SiBAN), Senator Ihenyen has said Central Bank of Nigeria’s digital currency (e-naira) will boost the country’s economy. He stated this when he was reacting to CBN’s planned commencement of digital currency tagged…
