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Electricity Tariff: Over 300 Companies Shut Down, 380,000 Jobs Lost

Manufacturers Association of Nigeria (MAN) on Tuesday expressed grave concern over the ripple effects of the recent hike in electricity tariff which has resulted into closure of over 300 companies and 380,000... Read more »
Petrol

Smuggled Nigerian Petrol Floods West African Markets, Sells At ₦‎1,700/Litre

The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the pump price of the commodity in neighbouring... Read more »
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Introducing Purpledove ERP: Revolutionizing Business Operations in Nigeria and Africa

Purpledove is proud to announce the launch of its innovative ERP solution, designed specifically for Nigerian and African enterprises. This cutting-edge system addresses the unique challenges of doing business in the region,... Read more »
Heritage-Bank

99% Of Heritage Bank Depositors Have Total Balances Of Less Than N5m – NDIC

The Nigerian Deposit Insurance Corporation (NDIC) has disclosed that 99 per cent of Heritage Bank depositors have total balances of less than N5m. The Managing Director of the NDIC, Bello Hassan, made... Read more »
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First Bank recovers N456 Billion loan from Heritage Bank before license revocation

Nairametrics can confirm that First Bank has received the full repayment of a “N456 billion loan” extended to Heritage Bank. This recovery is part of a “bailout loan” arranged during the tenure... Read more »
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Strike: Operations Resume At Lagos Airport

Aviation Unions have opened barricaded airport terminals, following suspension of an indefinite strike by the Nigerian Labour Congress, NLC, and Trade Union Congress, TUC.Francis Akinjole, General Secretary of Air Traffic Services Senior... Read more »
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FG Offers Businesses Up to N1bn Credit Facility at 9% Interest Rate – Minister

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Federal Government is offering businesses including manufacturers in the country credit facilities up to ₦1bn at a 9%... Read more »
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BREAKING: CBN Revokes Heritage Bank’s Licence

The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect. Hakama Sidi Ali, Acting Director, Corporate Communication at the apex bank, announced this in a... Read more »
NICPS

FG Boosts Enugu Investment Drive With Certification Programme

The federal government has launched the Enugu State edition of the Nigerian Investment Certification Programme for States (NICPS). The government through the Nigerian Investment Promotion Commission (NIPC) designed the programme to prime... Read more »
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First Bank Maintains Impressive Performance, Posts N238.53bn PBT In Q1 2024

First Bank Nigeria Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion... Read more »