Global food commodity prices fell slightly in April after reaching their highest level in the previous month, the Food and Agriculture Organisation of the United Nations (FAO) has said. The fall was led by a […]
The Central Bank of Nigeria (CBN) has asked market women and leaders to embrace eNaira, the country’s digital currency. Kotor Godfrey, branch controller, CBN Lagos, said this on Thursday during a sensitisation programme in collaboration […]
Clearing agents have halted services at the Tincan Island Port amid the controversial 15 per cent National Automotive Council (NAC) levy. Lucky Amiwero, president, national council of managing director of licensed customs agents (NCMDLCA), disclosed […]
The Nigerian Railway Corporation (NRC) says it has completed the repairs of the Abuja-Kaduna rail track that were destroyed by bandits in March. The corporation made this known on Thursday in a statement signed by […]
Nigerian naira, on Wednesday, dropped to N589 against the dollar at the parallel market. The figure represents N1 or 0.2 per cent depreciation compared to the N588 it traded last two weeks. Currency traders known […]
The United States Federal Reserve (Fed) has raised its interest rate by 50 basic points — the biggest hike since 2000 — in an effort to curb rising inflation. The bank’s federal open market committee […]
MTN Nigeria Communications Plc says it added 1.7 million subscribers to its network in the first quarter of 2022. MTN said this on Friday in its unaudited results for the first quarter (Q1) ended March […]
MTN Nigeria says it has paid N174.54 billion in dividend to its shareholders. In a statement issued on Thursday, MTN Nigeria said the resolution was reached at its annual general meeting, held on Thursday in […]
Nigeria’s currency in circulation climbed to N3.25 trillion in March 2022, representing the highest since December 2021. Currency in circulation (CIC) is the amount of cash in paper notes or coins issued by the apex […]
The Central Bank of Nigeria (CBN) said “the minor fire outbreak” at its branch at Makurdi, Benue State, yesterday, was successfully put out. The Director, Corporate Communications, of the apex bank, Osita Nwanisobi, who stated […]
The Federal Government is looking at ending tariff shortfall, averaging N200 billion yearly, in the power sector by the end of the year. Between 2015 and 2020, the shortfall reportedly stood at about N2.4 trillion, […]
As controversy continues to surround the introduction of 15 per cent National Automobile Commission levy imposed on imported used vehicles by the Nigeria Customs Service, car dealers have threatened to close their stores this week. […]
Telecommunications giant, MTN Nigeria has been granted final approval to operate mobile money (MoMo) payment service bank (PSB) licence in Nigeria. MTN announced, yesterday, that it has been given permission to operate the bank by […]
As European countries look to wean themselves off of Russian energy, Moscow is looking to fill at least part of the gap by increasing oil exports to Asia. There is a market “in South East-Asia, […]
THE World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The firm, which was involved in the […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) says the decision of the Central Bank of Nigeria (CBN) to discontinue sales of foreign exchange (FX) to its members has made the naira valueless. […]
With effect from April 1st, MultiChoice Nigeria has released new adjusted prices for both Dstv and Gotv packages, with concessions to cushion the price adjustments. The new DStv Package prices Premium, N21,000, Compact + N14,250, […]
Paper production is one of the industrial activities regarded as a pointer to a nation’s level of industrialisation and educational development, and this sector should be maximised using local resources. That is the submission of […]
Oil prices dropped three percent on Monday amid reinforced diplomatic efforts to end the Russia-Ukraine crisis. At 09.08 GMT+1, Brent crude, the global oil benchmark, shed 3.20 percent, trading at $109.1 a barrel. West Texas […]
Banks in Nigeria have pledged a combined US$500 million to fund agriculture and agribusiness. The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) made this disclosure recently at a media parley in Abuja. […]
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