Nigeria Breaking News
LAGOS – In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers. The announcement made on April 1 initially sparked …
The United States Coast Guard has commended Nigeria, and the Nigerian Maritime Administration and Safety Agency (NIMASA), for what the Coast Guard described as considerable progress in the implementation of the International Ships and Ports Facility Security (ISPS) Code. This was made public by Joe Prince Larson of the US Coast Guard who led a …
The Securities and Exchange Commission (SEC) has indicated that it is going hard on market operators engaging in unscrupulous activities. The Commission reaffirmed its commitment to ensuring that only fit and proper individuals are permitted to operate in Nigeria’s capital market to enhance investor protection. Speaking in an interview in Abuja over the weekend, SEC Director-General Dr. …
The appointment of a new Governor of the Central Bank of Nigeria (CBN) under President Umaru Musa Yar’Adua marked the beginning of turbulent times for many of us in the banking industry. With his radical reforms, the Governor aggressively pursued top bankers, accusing several of financial mismanagement and misappropriation. Many of us found ourselves hunted down under …
The Minister of Livestock Development, Alh. Idi Maiha said the Federal Government would clear 500 hectares of land in Benue to promote ranching and dairy production. Maiha disclosed this on Saturday during his visit to the Benue Livestock Investigation and Breeding Centre, Raav, Gwer East Local Government Area of the state. He said the 2,400 …
UK house prices have surged by an average of £10,431 over the past year, bringing the typical property value to £294,818, with demand for larger homes playing a key role in this growth. Easing interest rates have improved mortgage affordability, pushing annual property price growth to 3.7% in January 2025, a significant rise from just …
Wealth and affluence are notable source of global power and influence and for the billionaires who command huge respect in the global economy, their fortune and luxury is often characterized by a variety of dominant industries. Leading the way is the finance and investments sector, with nearly one in six billionaires, or just over 15%, …
Dangote Refinery has suspended the sale of petroleum products to domestic market in Naira following the failure of the Federal Government to renew the crude-for-Naira deal the company had with Nigerian National Petroleum Company Limited (NNPCL) The refinery, in a statement yesterday, said: “Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in …
The Minister of Housing and Urban Development, Ahmed Dangiwa, says over 90 per cent of land in Nigeria remains unregistered. He said this has resulted in over 300 billion dollars in loss due to longstanding land registration challenges. Dangiwa disclosed this on Tuesday at the National Land Registration and Documentation Programme (NLRDP), a National Workshop, …
Oil marketers have warned that petrol pump prices may rise in the coming days following Dangote Refinery’s decision to suspend the sale of petroleum products in Naira to the domestic market. The refinery had been in discussions with the Federal Government over renewing its six-month crude-for-Naira agreement with NNPC Limited. The deal, which was set …