Nairametrics
@Nairametrics
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BREAKING: CBN lifts cash deposit restriction on domiciliary accounts, allows $10k withdrawals daily -
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BREAKING: Exchange rate depreciates by 29% to N664.04/$1 at I&E Window -
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Tinubu's plans to double Nigeria's Crude Production, raise $17.4 bn through sell down of NNPC’s assets -
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Another Nigerian-American wins Delaware State Assembly
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Naira has lost 70% of its value since Godwin Emefiele became the CBN Governor -
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GTB doubles salaries of junior staff to cushion subsidy removal -
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BREAKING NEWS: Nigerian Stocks post 4% gain, first working day after Emefiele suspension -
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Abia State partners with Chinese company to launch light rail construction project -
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BREAKING: Banks told to trade forex "freely" in Nigeria -
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Report from INEC states that Labour Party has the most Polling Agents in Nigeria for the Presidential elections with 230,917 agents; this includes the 134,874 agents of the Labour Party and 96,043 agents of the ADC.
Read more
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BREAKING: Exchange rate sells for as high as N815/$1 at I&E Window -
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BREAKING: Nigeria’s total Foreign Trade hits N9.18 trillion in Q3 2019, up by 6.77%
Total Export hits N5.28 trillion, up by 15.02%
Total Import was N3.89 trillion, down by 2.70%
Trade balance rose to N1.38 trillion
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27-year-old female ex-banker raises $1 million for her tech startup
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Occupation of registered voters in Nigeria.
Student - 22.3m
Public servant - 2.29m
Artisans - 4.47m
Trading - 7.56m
Business - 10.8m
Civil servant - 5.03m
Farming/fishing - 13.63m
Housewife - 11.84m
Others - 6.02m
Source: INEC
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BREAKING: CBN removes exchange rate cap for International Money Transfer Operators -
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FG budgets N5 billion for Presidential yacht, N5.5 billion for student loan -
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BREAKING: CBN clears FX backlogs with banks, airlines – Report -
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Guinness Nigeria's market value surged by N23.8 billion in March 2021
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President Bola Tinubu signs Electricity Act 2023 into law -
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Dangote refinery to import crude oil from the United States -
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Abia State to get $125 million from Islamic Development Bank for roads -
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BREAKING: Access Holdings appoints Ms. Bolaji Agbede as Acting CEO, following death of Herbert Wigwe -
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Google says Nigerians can now pay with naira on Play Store -
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Data shows Nigerians are more miserable under President Buhari
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Full excerpt of Femi Otedola's statement on his Transcorp acquisition and why he sold -
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Groups stage one-million-man-march for Peter Obi across Nigeria -
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FACT CHECK: President Tinubu is not the 1st African President to ring NASDAQ bell -
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BREAKING: FG dissolves Advertising Standard Panel over ‘all eyes on the judiciary’ billboards -
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TINUBUNOMICS: Bank stocks gain N544.807 billion in a week -
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Seeking for investors abroad is a waste of time, Peter Obi tells FG -
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Nigerian Youth Unemployment
2015 Q1 - 3,654,325
2018 Q3 - 13,145,708
263% increase over 3.5 years.
Source:
@nigerianstat
@sgyemikale
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The second richest person in Nigeria, Abdul Samad Rabiu, has exceeded the net worth of South African billionaire Nicky Oppenheimer and is now ranked as the third richest individual in Africa, with a net worth of over $8.6 billion.
@Nairametrics
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KPMG Canada is inviting applications from international applicants for internships -
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TinuBULL Rally: Nigerian stocks extends market gains following CBN forex unification -
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Aliko Dangote’s $19 billion refinery to be commissioned on January 24 -
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BREAKING: Buhari in crucial meeting with Obasanjo, other former heads of state
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BA at verge of suspending flight operations in Nigeria after 85 years -
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Otedola partners Lagos state and AfDB to develop Nigeria’s first PPP power transmission project. -
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Breaking: Mike Adenuga net worth hits $7.4 billion, becomes Nigeria’s second richest -
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Bank Disconnection: MTN to use Flutterwave, Opay, Kuda, other payment channels
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BREAKING: Huggies maker, Kimberly-Clark to stop production three years after investing $100m in Nigeria -
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Nigeria reclaims position as top African crude oil producer in May 2023 -
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Eterna Plc to become official distributor of Dangote refinery products -
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Up to 50% of poultry farmers in Nigeria have closed shop - Poultry Association -
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Dangote Refinery begins supply of diesel, aviation fuel to Oil Marketers -
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Breaking: CBN sells dollars to BDCs below market rate at N1,101/$1 -
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FG moves to repair federal roads nationwide within 6 weeks -
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Femi Otedola worth $1.2 billion, rejoins Forbes billionaire list as Nigeria 4th richest -
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Naira gains whopping 21.8% against dollar in March 2024, best in 5 years -
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Tinubu secures multi billion-dollar steel and petrochemical investments in India -
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P&G to dissolve ground operations in Nigeria, revert to an import-only business model -
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BREAKING: Nigeria Stock Market at highest level in 15 years, gain 18.9% in the first half of 2023 -
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Naira further strengthens against Dollar, appreciates to N786.02/$1 at the official market -
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The Nigerian equities market has witnessed an impressive three-month bullish rally since President Bola Tinubu assumed office on May 29, 2023, making history as the first newly elected Nigerian President to achieve such a milestone.
During this period, the All-Share Index (ASI),
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BREAKING: NGX All-Share Index crosses 60,000 points for the first time since 2008 -
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Nigeria ranking, 2017. (Out of 137 countries)
Roads quality: 127th
Airport quality: 125th
Electricity supply: 132nd
Education system: 120th
Math and science: 118th
Innovation: 112th
Life expectancy: 133rd
Security: 127th
Trust in politicians: 130th
(WEF)
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Breaking: Naira devalued, now N390/$1 as black market (wired) hits N503/$1
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US says Nigeria lacks macroeconomic framework to attract dollar denominated foreign investment -
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FG now pays about N600 billion monthly for fuel subsidy - Rainoil CEO, Ogbechie -
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Peter Obi says he will stop monthly sharing formula and start production formula if elected president -
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CBN bans banks, fintechs from international money transfer services, hikes application fee by 1,900% -
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BREAKING: NNPC no longer owns 20% of Dangote Refinery, says Aliko Dangote -
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BREAKING: Lagos Business School Ranks 48 in the world, in the 2018 Executive MBA Ranking.
(Source The Economist)
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FG removes VAT and customs duty payments from cooking gas imports into Nigeria -
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Nigeria signs $500 million energy deal with Germany -
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Breaking: Naira strengthens to N1400/$ on the parallel market as speculators sell -
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BREAKING: Nigeria’s inflation rate drops yet again in February to 11.31%
Headline year on year Inflation slows to 11.31%
Year on Year Food inflation drops to 13.47%
Year on Year Core inflation drops to 9.80%
Source: NBS
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Dangote to venture into steel production, targets meeting demand in West Africa -
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BREAKING!!!
Third case of Coronavirus has been confirmed in Nigeria.
#CoronaVirusNigeria
#CoronavirusOutbreak
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Nigeria Stocks Gain N992 billion on reports that Banks can trade forex “freely” -
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BREAKING: Daily FX turnover jumps to record $857 million as Naira gains momentum -
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BREAKING: CBN brings back BDC, introduces new Operational Mechanism for Bureau De Change Operations in Nigeria -
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BUSINESS NEWS: CAC to reduce cost of small business registration from N10,500 to N5,500
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Breaking: Netherlands to pump fresh $250 million into Nigeria -
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A memecoin bigger than Shiba Inu is driving crypto adoption in Africa -
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BREAKING: UK Court dismisses P&ID’s $11 billion suit against Nigeria -
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Naira breaks key resistance against dollar, within N1000/$ mark -
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UAE grants Air Peace direct flight approval to Dubai, Emirates Airline to resume operations soon -
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BREAKING: Nigeria's debt to GDP ratio crosses 50% for the first time -
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BREAKING: Speculators lose big as Naira rallies across markets, trades below N900/$1 at P2P -
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CBN to clear remaining FX backlog in the next few days- Cardoso -
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Locally-produced rice in Nigeria has gained huge momentum, as Nairametrics Research Team found that various brands of local rice have now flooded major markets in the country. As a result, the prices of local rice slightly dropped.
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CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam -
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BREAKING: Lagos signs $1.35 billion deal for Fourth Mainland Bridge, other key projects -
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FG to tax banks 50% of realised profits on FX gains in new 2024 budget -
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Nigeria gets $1.5 billion from foreign investors after March’s MPC meeting -
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Naira records biggest appreciation in four months to N1,173.88/$1 -
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BREAKING: IMF ranks Nigeria as the second worst country in the world in the use of sovereign wealth funds.
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Tinubu directs inclusion of National Open University graduates in NYSC scheme -
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Why Total Energies chose Angola over Nigeria for $6 billion energy project – CEO, Pouyanne -
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Reports reaching Nairametrics indicate the central bank has given commercial banks and dealers in the forex market the green light to sell forex freely which is at a market-determined rate.
This is in line with the promise of President Bola Tinubu to unify the multiple exchange
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BREAKING: CBN increases capital base for mega banks to N500 billion, smaller banks N200 billion -
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Breaking: Geregu Power Plc crosses N1 trillion market capitalization -
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The Doyen of Accounting, Mr. Akintola Williams, is reported to have died at 9 a.m. this morning.
He recently celebrated his 104th birthday on the 9th of August 2023.
Akintola Williams is the first chartered accountant in Nigeria and established the first indigenous chartered
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Breaking: Femi Otedola appointed as new chairman of FBN Holdings -
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BREAKING: First Bank recovers N456 Billion loan from Heritage Bank before license revocation -
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Naira stages comeback, rises to N780/$1 at the official market -
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Adebayo Ogunlesi’s GIP sold to BlackRock for $12.5 billion -
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