The Central Bank of Nigeria has slammed restrictions on cryptocurrency transactions. The apex bank disclosed this…
Category: Business
South African billionaire Rupert displaces Nigerian Dangote to emerge Africa’s richest man [Full List]
South African business mogul Johann Rupert has displaced Nigerian Aliko Dangote to emerge the richest man…
Naira crashes further against US Dollar at official forex market
Naira drops to new low against US Dollar at official forex market The Naira reached a…
Hike in price of staple foods imminent in Nigeria – Report
Tough times lie ahead for Nigerians as prices of staple foods such as rice, maize, millet,…
NGX continues bullish trend as ASI appreciates by 2.04%
The Nigeria Exchange Limited on Wednesday continued its bullish run, appreciating by 2.04 per cent and…
Nigeria, other West African countries’ rice production to increase in 2024 – OCHA
Rice production in Nigeria and other West African countries will increase in 2024. West Africa Regional…
NRC announces date to commence night trips
The Nigeria Railway Corporation, NRC, has concluded plans to kickstart night operations before the second quarter…
Manufacturers project 3.2 per cent economic growth in 2024
The Manufacturers Association of Nigeria says real sectoral growth will hit about 3.2 per cent in…
NGX begins trading in 2024 on bullish trend as ASI gains 1.63 per cent
The Nigeria Exchange Limited commenced the new year on a bullish note as the All-Share Index…
Nigeria’s capital importation fell by 36% to $654.65m in Q3 2023 – NBS
Nigeria’s total capital importation fell by 36.45 per cent to $654.65 million in the third quarter…
Bitcoin surges beyond $45,000 first time since 2022
Bitcoin, a cryptocurrency platform, surged beyond $45,000 on Tuesday for the first time since April 2022.…
NAFDAC rolls out strategies to support MSMEs for economic growth
The National Agency for Food and Drug Administration and Control, NAFDAC, says it has rolled out…
163,878 Nigerians benefitted from transport discount at Yuletide – FG
The Federal Government has said 163,878 Nigerians benefitted from its 50 per cent transportation discount and…
School feeding to gulp N100bn in 2024 – Tinubu
President Bola Tinubu says part of the recently signed N28.7 trillion 2024 budget component is N100…
FG insists on electricity subsidy amid call for tariff hike
The federal government has insisted on electricity subsidies amid calls for tariff hikes in the Nigeria…
$20trn Dangote refinery gets fourth crude shipment from NNPCL
The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny…
2023 in retrospect: Tough, peak times of Nigeria’s economy under Tinubu
Nigerians survived the year 2023 amid the highs and lows of the country’s economy. For many,…
2024 budget: Tinubu gives marching order to MDAs on performance report
President Bola Ahmed Tinubu has given a marching order to ministries, departments, and agencies on 2024…
2024 budget: Tinubu reveals top priorities
President Bola Tinubu has revealed the top priorities of the recently signed N28.7 trillion 2024 national…
Nigerian Railway to increase daily train trips in 2024
The Managing Director of the Nigerian Railway Corporation, NRC, Mr Fidet Okhiria, has said that the…
AMMBAN urges CBN, banks to address cash scarcity, fraud in Nigeria
The leadership of the Taraba State chapter of the Association of Mobile Money and Bank Agents…
NUPRC rolls out action plan for 2024
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has rolled out its action plan for 2024. The…
New Year: Tinubu unveils plans for provision of reliable power supply, petrol to Nigerians
President Bola Ahmed Tinubu has announced plans to provide Nigerians with reliable power supply and petroleum…
New Year: President Tinubu announces plans for food security
President Bola Ahmed Tinubu has announced plans to ensure a constant supply of food, its security…
New Year: Tinubu promises new minimum wage for workers
President Bola Ahmed Tinubu has sent his New Year message to Nigerians. He promised that his…
No order to DisCos on electricity tariff – NERC
The Federal Government, through the Nigeria Electricity Regulatory Agency, NERC, has clarified that it has not…
Foreign Direct Investments in Nigeria’s telecoms sector hit $64m in Q3 2023
Nigeria’s telecommunications sector attracted $64 million in Foreign Direct Investments in the third quarter of 2023.…
Securitize N7.3trn ways and means loan – Tinubu asks Senate
President Bola Ahmed Tinubu has asked the Nigerian Senate to approve the securitization of the outstanding…
Nigerian govt receives $.2.25 Afrexim bank loan to solve forex crisis
The Nigerian Federal Government on Friday received a $2.25 billion foreign exchange support loan from the…
Naira drops by 49% year-to-date, ends 2023 at N907 against US Dollar
The Naira depreciated by a whopping 49 per cent year-to-date as the currency of Africa’s largest…
Cross River Gov signs 2024 budget of N296bn into law
Cross River State Governor, Bassey Otu, on Friday, signed the state N296.985 billion 2024 budget, christened…
Ogun Gov signs N703.02bn 2024 budget into law
Ogun State Governor, Dapo Abiodun of Ogun, on Friday, signed the 2024 appropriation bill of N703.02…
Nasarawa Gov signs N199bn 2024 budget into law
Nasarawa State Governor, Abdullahi Sule, on Friday signed into law the N199.8 billion state’s budget for…
NGX ends 2023 on bullish note as ASI appreciates by 0.36%
Nigeria Exchange Limited achieved a new high on the last day of trading in 2023, as…
NGX Group appoints Popoola, Chiemeka GMD, CEO
The Nigerian Exchange Group has appointed Temi Popoola and Jude Chiemeka as the Group Managing Director-designate…
FG unveils more motor parks eligible for 50% transport fare discounts
The Nigerian federal government has unveiled a list of more motor parks where Nigerians can enjoy…
Nigeria’s food prices soared in November 2023 – NBS
Nigeria’s prices of beef, rice, beans, onion, tomato, and other food items increased in November 2023.…
Crude prices set to end 2023 10% lower amid concerns
As the last trading day of 2023 winds up, crude oil prices are set to end…
N10trn revenue: Nigeria’s new tax law awaits National Assembly approval – Oyedele
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said…
NGX records gains as ASI appreciates by 0.99%
The Nigerian Stock Exchange Limited recorded positive gains on Thursday the All-Share Index appreciated by 0.99…
Naira slumps to N1,043 against US dollar at official forex market
The Naira reached an all-time low on Thursday as it depreciated to N1,043.09 per US dollar…
Ogun Assembly passes N703bn budget for 2024
The Ogun State House of Assembly has passed the 2024 Appropriation Bill of N703 billion after…
Aero Contractors boss reveals major setback for Nigeria’s aviation industry in 2023
Captain Ado Sanusi, Chief Executive Officer of Aero Contractors, has revealed that an ineffective regulatory framework…
FG announces delivery of seven power transformers to boost electricity supply
The Nigeria Federal Government has announced that it received delivery of seven new power transformers in…
FAAC: FG, states, LGAs share N1.783trn in December 2023
The Federation Account Allocation Committee, FAAC, said it shared N1.783 trillion from November 2023 revenue accrued…
Airfares in Nigeria to reduce in Q1 2024 – Ado Sanusi
Captain Ado Sanusi, the chief executive officer of Aero Contractors Company of Nigeria Limited and former…
NGX records losses post-Christmas trading as ASI declines by 0.34%
Trading in the Nigerian Stock Exchange Limited post-Christmas ended in the bearish zone as the All-Share…
NAFDAC to curb unbranded milk, cereals from open markets
The National Agency for Food and Drug Administration and Control, NAFDAC, has put in place additional…
World Bank predicts insecurity, deteriorating livelihoods in Nigeria
The World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to…
Naira appreciates further against US Dollar at official forex market
The Naira resumed work positively after the Christmas holiday as it depreciated against the US dollar…
British American Tobacco to pay Nigeria $110m fine over infringements – FCCPC
The federal government has revealed that British American Tobacco, Nigeria Limited and its related entities are…
Nigeria to commence gas supply to South Africa in 2024
Nigeria has announced it will commence gas supply to South Africa in the first quarter of…
Naira: Nigeria’s external reserves shed $4.28bn in 2023
Nigeria’s external reserves have dropped by 11.55 per cent ($4.28 billion) year-to-date as the naira steadily…
Your funds safe in banks – CBN assures depositors
The Central Bank of Nigeria, CBN, has assured depositors and customers of Nigerian banks of the…
Naira appreciates against dollar in forex market
The naira appreciated against the US dollar at the parallel market on Tuesday. A Bureau De…
US announces ban on Apple Watch
A United States import ban on Apple smartwatch models took effect on Tuesday after President Joe…
FG to commence new regulation for digital money lenders in 2024
The Federal Government has announced that it will implement a new regulatory framework for digital money…
50% transport discount: FG gives update on implementation
The Federal Government has disclosed that 128 Nigerians benefited from its 50 per cent discount on…
Union Bank: CBN investigator gives top Titan bank officials deadline to appear for probe
Jim Obazee, the special investigator appointed by President Bola Tinubu to probe the Central Bank of…
Christmas: Despite hardship, food waste at festive period alarming in Nigeria – Environmentalist, David
Michael David, a climate and environmental advocate and Team Lead for the Global Initiative for Food…
Emefiele worst CBN gov in Nigeria’s history – Moghalu
A former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has described Godwin…
SERAP drags NNPC to court over failure to account for Nigeria’s oil revenue
The Socio-Economic Rights and Accountability Project, SERAP, has dragged the Nigerian National Petroleum Company Limited, NNPCL,…
Forex: Nigerian government gains N1.4trn revenue in 6 months
Nigeria’s foreign exchange reform in June increased the country’s revenue through FX differences to N1.36 trillion…
BREAKING: Ex-CBN governor, Emefiele freed from Kuje prison
The embattled former Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, has been…
NNPCL announces date to complete Port-Harcourt Refinery Phase 2 repair
The Nigerian National Petroleum Company Limited has announced that the Port-Harcourt Refinery Company Limited Phase 2…
Naira drops against US Dollar at forex market ahead of Christmas
The Naira dropped against the US dollar at the foreign exchange markets on Friday as corporate…
NGX closes for Christmas in bearish territory as ASI declines by 0.36%
The NGX closed for Christmas break in the bearish territory as the All-Share Index closed at…
FG will recover two banks illegally sold to Emefiele – CBN investigator
Jim Obazee, President Bola Ahmed Tinubu’s investigator probing the Central Bank of Nigeria, CBN, has revealed…
BVN registration hits 59.9m – NIBSS
Ahead of the Central Bank of Nigeria’s January 31 2024 deadline for obtaining Bank Verification Number,…
CBN lifts ban on cryptocurrency transactions
The Central Bank of Nigeria, CBN, has changed its position on crypto assets in the country…
Customs promote 2 ACGs, 2209 senior officers
The Board of Nigeria Customs Service, Chaired by Wale Edun, the Minister of Finance has announced…
‘My policies will bring succour’ – Tinubu tells Nigerians ahead of Christmas
President Bola Tinubu has reassured all Nigerians that his administration’s policies will bring succour. Presidential spokesperson…
Blackout hits North East as vandals destroy transmission line [PHOTOS]
Electricity blackouts hit parts of the Northeast as vandals brought down towers T372 and T373 on…
Nigerian Govt announces date to unveil new minimum wage for workers
The Nigerian federal government has announced that it will introduce a new minimum wage for workers…
NAFDAC clears the air on registration status of products
The National Agency for Food and Drug Administration and Control, NAFDAC, has cleared the air about…
Emefiele indicted in N22.7trn ‘ways and means’ advance – Investigator
Barely five months after the investigation into former Central Bank of Nigeria, CBN, governor, Godwin Emefiele,…
Angola gives reason for quitting OPEC
Angola has given a reason for quitting the oil producers’ organisation, OPEC, on Thursday. According to…
Naira scarcity: CBN blames Banks, PoS operators for hoarding banknotes
The Central Bank of Nigeria, CBN, has cautioned Deposit Money Banks and Point-of-Sale operators against hoarding…
Reps to investigate exorbitant charges by POS operators
The House of Representatives has resolved to investigate the exorbitant amount charged by Point of Sale…
Nigeria’s unemployment rate rises to 4.2 per cent in Q2 2023 – NBS
Nigeria’s unemployment rate increased by 0.1 per cent to 4.2 per cent in the second quarter…
Abia Assembly passes N567bn budget
The Abia State House of Assembly has passed into law the 2024 Appropriation Bill of N567,240,950,…
Gov Adeleke presents N2.9bn bonds for pensions, gratuities
Governor Ademola Adeleke presented a N2.9 billion pension bond to retirees from the Osun State Civil…
Aiyedatiwa presents N384.5bn budget for 2024
Acting Governor of Ondo State, Lucky Aiyedatiwa, on Thursday evening presented a budget proposal of N384.533…
Kano to spend N16bn on two interchange bridges
The Kano State Government has set aside N15.97 billion to construct two new interchange bridges at…
Naira scarcity heavy burden for Nigerians – CACOL laments
The Centre for Anti-Corruption and Open Leadership, CACOL, on Thursday, decried the current naira scarcity being…
We’ve kept our promise’ – NNPCL brags as Port Harcourt refinery commences operation
The Nigerian National Petroleum Company (NNPC) Limited said it has fulfilled its pledge to achieve the…
Deployment of gas leak detection technology will accelerate Nigeria’s energy transition – FG
The Nigerian government said deploying the flagship Amal gas leak protection device will accelerate the country’s…
Yuletide: FCCPC investigates hike in airfare, speaks on price regulations
Following complaints by travellers over the continuous hike in airfare, the Federal Competition and Consumer Protection…
We generated N56bn in 2023 – FCCPC
The Federal Competition and Consumer Protection Commission, FCCPC, says it generated N56 billion as Internally Generated…
Port Harcourt refinery has commenced operations – Nigerian Govt
The Federal Government says the Port Harcourt Refining and Petrochemical Company in Rivers State has begun…
Nigeria’s unemployment rate rose to 4.2% in Q2 2023 – NBS
The National Bureau of Statistics, NBS, has said that the unemployment rate in Nigeria rose to…
Petrol price rose to N648.93 in November – NBS
The National Bureau of Statistics, NBS, has said the average retail price of a litre of…
Naira depreciates at official window, gains at parallel market
Nigeria’s currency, the Naira, depreciated marginally against the dollar at the Nigerian Autonomous Foreign Exchange Market…
Nigeria’s ease of doing business: Customs announces vision to Diplomats
The Comptroller-General of the Nigeria Customs Service, NCS, Bashir Adeniyi, has announced to diplomats the vision…
FG unveils plans to reduce hardship, improve living standards
The Minister of Finance, Wale Edun, says reducing the cost of living and improving the living…
Port Harcourt refinery commences operation [VIDEO]
The Port Harcourt Refining Company, PHRC, Limited, with a combined capacity of 210,000 barrels per day,…
Nigerians face tough yuletide amid soaring inflation rate, naira scarcity
A few days into the festive period, there are clear signals that Nigerians may experience a…
Yuletide: FG announces date to commence free train services
The Federal Government has announced a date to commence free train services to passengers ahead of…
NGX hits historic N40trn market capitalization as ASI crosses 73,000 points
The Nigerian Exchange Limited recorded a bullish run on Wednesday, appreciating by a whopping 1.28% as…
‘Speed up adoption of Chinese currency’ – Reps urge FG
The House of Representatives has urged the Federal Government and the Central Bank of Nigeria to…