Like BY ARINZE CHIJIOKE Enugu state in south-east Nigeria still sits on some of the richest coal deposits in the country, almost two decades since the Nigerian Coal Corporation (NCC) ended mining operations in the state. As the government — both state and federal — fails to further explore the resources, private coal miners have […]
Like Banks in Nigeria make money primarily by earning interest on loans and other forms of credit extended to customers, as well as by charging fees for various services such as account maintenance, ATM withdrawals, wire transfers, and other transactions. In more detail, here are some of the key ways that banks in Nigeria make […]
Like The Bank Verification Number (BVN) is a biometric identification system implemented by the Central Bank of Nigeria (CBN) in 2014. It is a unique 11-digit number that serves as a means of identifying and verifying the identity of bank customers. The implementation of the BVN has had a significant impact on the Nigerian banking […]
Like The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that the Race to $200 billion in foreign exchange (FX) repatriation programme (RT200) of the bank has boosted repatriation of funds into the country by 40 per cent in 2022. Also, Emefiele disclosed that in the first quarter of 2023, […]
Like STATEMENT ON THE FIRE INCIDENT AT OUR STORAGE FACILITY IN VICTORIA ISLAND, LAGOS We hereby report that there was a fire incident this morning at our storage facility in Victoria Island, which is completely isolated from our Head Office Complex, and this led to a temporary power outage. We appreciate the swift response of the […]
Like In this piece, Dr Leemon Ikpea, the Chief Executive Officer of Lee Engineering & Construction Company Limited, shares his thoughts on the incoming federal government, the present and future of Nigeria’s oil and gas industry, the vital role played by the Nigerian Content Development & Monitoring Board (NCDMB) in deepening local companies’ capacities and creating […]
Like There are several ways to make money in the Nigerian economy, but it’s important to note that there is no “easy” way to make money. Most legitimate sources of income require hard work, dedication, and sometimes, significant investment. Here are some suggestions: Start a small business: Consider starting a small business that meets a […]
Like Nigeria’s oil production increased month-on-month by 1.9 per cent from 1.235 million barrels per day recorded in December 2022 to 1.258 mb/d per day in January 2023. The Organisation of Petroleum Exporting Countries revealed this on Tuesday, in its February 2023 Monthly Oil Market Report. According to the report, Nigeria surpassed Angola that produced […]
Like has any one noticed some banks are closing There are several reasons why banks may be closing in Nigeria: Economic challenges: Nigeria’s economy has been facing several challenges in recent years, including high inflation, a weakened currency, and a rise in non-performing loans. These economic challenges have made it difficult for some banks to […]
Like Governor Abdullahi Umar Ganduje of Kano State has alleged that the implementation of Naira swap policy was deliberately done by the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele as a fighting back strategy for failing to get presidential ticket under the ruling All Progressives Congress (APC). Ganduje said this during an […]