The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022.
According to data from the CBN, this shows that the Federal Government borrowed N2.45tn from the apex bank within six months.
The N19.91tn owed the apex bank by the Federal Government is not part of the country’s total public…
Introducing limited edition of STAR GIRL SKIN TREATS – Face soap (in cupcakes) and Body Soap in other treat shapes because soaps shouldn’t be boring!
They are made from the finest ingredients and with so much love to nourish, remove impurities and leave you…
Oyo State Governor, Seyi Makinde, has inaugurated Africa’s first cassava-based sorbitol factory in Iseyin.
The factory’s financing was facilitated by First City Monument Bank (FCMB), Psaltry International Limited (PIL) and Unilever Nigeria.
Makinde said: “This is…
The President, Major General Muhammadu Buhari (retd.), has consented to the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited.
This is according to a tweet by the Presidency on Monday afternoon titled ‘President Buhari consents to the acquisition of Exxon Mobil shares by Seplat Energy Offshore Ltd.’
According to the Presidency…
A former Minister of Finance, Dr. Shamsuddeen Usman, has been appointed as the Chairman of Citibank Bank Nigeria.
He is the third chairman of the bank in Nigeria since inception.
Usman has been on the Board of Citibank Nigeria as an Independent non-Executive Director since…
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency, NOSDRA, released on Sunday.
The data revealed that the country lost a total of N707bn in 2021 and N184bn in…
The Federal Government has disbursed N1.24tn to 4.21 million enterprises through the Bank of Industry in six years, the latest report on disbursements by the bank showed.
Data in the report indicated that the disbursements, comprising loans and grants, were received by micro, small and medium enterprises as well as large scale businesses between 2015 and 2021.
In the document, titled…
In the space of just about a month and a few days, four major cryptocurrency firms have been attacked and over $300 million lost as hackers succeeded in gaining access to thousands of crypto wallets.
With the crypto industry already unsettled with the complaints of…
Med-Direct Africa Positioned Itself To Redefine Health Delivery Landscape In Nigeria
August 7, 2022
Med-Direct Africa has positioned itself to redefine the health delivery landscape in Nigeria via the launch of its e-Pharmacy services as it commits to reducing the prices of quality drugs in Nigeria, while delivering with speed to the last mile nationwide.
With the launch…
Dangote Cement ‘Bag of Goodies Season 3’ produces three millionaires in Ibadan
August 7, 2022
The on-going Dangote Cement ‘Bag of Goodies Season 3’ national Consumer Promo has produced the first set of millionaires in Ibadan, Oyo State.
No fewer than three lucky Dangote Cement consumers were presented with one-million-naira cheques each even as many others won various prizes including television sets, refrigerators, rechargeable fans, 2KVA generators, and millions of airtime gifts.
The…