Browsing: Business

The Security and Exchange Commission has said Nigeria’s collective investment or mutual funds targeted at children has grown to N8.6 trillion. The commission said this as it pushed for improved investment literacy among children in Nigeria. The Director General of SEC, Emomotimi Agama, disclosed this on Tuesday at a 2025 Children’s Day event in Abuja organised by Ryan

In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc has been awarded the 2025 Development Bank of Nigeria (DBN) Innovation Award in the Deposit Money Bank (DMB) category. ​ This prestigious accolade celebrates Fidelity Bank’s commitment to addressing the unique challenges faced by MSMEs

The naira recorded significant depreciation against the dollar across official and parallel foreign exchange markets this week. Central Bank of Nigeria exchange data showed that the naira weakened to N 1,583.73 against the dollar on Tuesday compared to N 1,579.40 traded on Monday. This means that the naira depreciated by N4.33 against the dollar on

Nigerians have dumped the Nigerian National Petroleum Company Limited retail outlets over high prices of premium motor spirits. A DAILY POST correspondent who went round major NNPCL retail outlets in Abuja observed low patronage by motorists in the nation’s capital, Abuja. This was also the case for NNPCL retail outlets along Kubwa Expressway and those

Nigeria’s currency, the naira, recorded its highest depreciation against the dollar at the official foreign exchange market on Wednesday as President Bola Ahmed Tinubu marked his second anniversary. Central Bank of Nigeria exchange rate data showed that the naira weakened further to N1,590.74 on Wednesday from N1,583.73 traded on Tuesday. This means that the naira

Host communities in the Niger Delta region have threatened to ground Nigeria’s crude oil production over a prolonged dispute with Nigerian National Petroleum Company Exploration & Production Limited (NEPL) and its partners. Tuduo Christopher, chairman of KEFFES Host Communities Development Trust, made this warning in a statement made available to DAILY POST on Wednesday. He

The Nigerian National Petroleum Company Limited has disowned a financial and poverty alleviation scheme making the round on social media. NNPCL’s spokeperson, Olufemi Soneye made this clarification in a statement released on company’s X on Thursday. The clarification comes amid a purported video titled, ‘NNPCL and Government Back Bayo Ojulari’s Financial Safety Plan” making the