The Nigerian Electricity Regulatory Commission (NERC), has said no tariff increase has been approved by the commission yet, putting to rest agitations from some quarters that the Commission would soon approve increase in electricity tariff.

N730bn Spelt On Sports Betting Annually

According to a recent study, Nigerians spend over N730billion annually on sports betting and a whopping sum of two billion naira is generated on a daily basis. The data also revealed that over 60 million Nigerian punters spend over N3,000 daily placing bet stakes. 

Jumia Goes Live On NYSE Sell At $14.50/Share (IPO)

African e-commerce company Jumia listed on the New York Stock Exchange (NYSE) on Friday, April 12, 2019, under the trading symbol "JMIA", with shares opening at $18.95 according to a tweet by NYSE.

Air Peace To Begins Johannesburg, Sharjah Route in June

Poised to dominate the African airspace and also compete with International airlines, Nigerian carrier, Air Peace, says it will begin flight operations to Johannesburg, South Africa and Sharjah, United Arab Emirates next month. Making the announcement, Chairman of Air Peace, Allen Onyema, disclosed this at a meeting of the airline’s Board of Directors on Wednesday in Ikeja.

Federal Airports Authority of Nigeria, FAAN, on Friday appealed to airlines whose aircraft are parked at the Murtala Muhammed International Airport, MMIA, Lagos Apron and are not deploying them immediately for flight operations, to relocate them to any other less busy airport outside Lagos

1000 DiamondXtra Lucky Customers To Be Rewarded – Access Bank

The Executive Director, Retail Banking Access Bank, Victor Etuokwu has revealed that more than 1000 DiamondXtra customers would be rewarded by Access Bank in its first DiamondXtra quarterly draw.

The Royal Dutch Shell revealed in its annual report that, it has paid the Nigerian government $6,397,325.844 as oil production entitlement, taxes, royalties and fees arising from the company’s activities involving oil and gas exploration, development and extraction in the year 2018.

CBN Introduces Special Intervention Fund for MFBs

The Central Bank of Nigeria (CBN) has introduced a new special intervention fund for Microfinance banks (MFB) in Nigeria, seeking to increase the share of microcredit ratio to at least 20 percent by 2020.

Innoson CEO Wins Case Against GTB

In what appears to be a twist of fate, Innoson Nigeria Limited, an indigenous vehicle production company, has instituted a move to take over Guaranteed Trust Bank, (GTB), following a ruling by the Supreme Court over the bank’s N8.7 billion indebtedness to the company.

Eleje Makes History, Signs Naira Note

The social media space on Wednesday was aglow as Nigeria's first female Central Bank of Nigeria Director of Currency Operations; Mrs. Priscilla Ekwere Eleje made history to have her signature on the 1000 Naira note.

Nigeria's External Reserves

In the wake of increasing foreign portfolio investments (FPIs) and stability in crude oil price, the nations external reserve has risen to a five-month high of $43.507 billion as at Thursday, 21st March 2019.

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