Nigeria’s average healthy diet food cost increased to N938 per day in February from N858 in January 2024. On Thursday, the National Bureau of Statistics disclosed...
The Federal Airport Authority in Nigeria, FAAN, has shut down the KFC outlet in Murtala Muhammed International Airport in Lagos over discriminatory treatment meted out to...
Mr Jubril Adeniji, Managing Director of Guaranty Trust Bank Kenya and Head of East Africa, said the reclassification of GTBank Uganda from a Tier 1 Commercial...
The Nigerian Army has declared Eight persons wanted in connection with the killing of 17 soldiers in the Okuama community in Delta state. The Nigerian Army...
The Federal Inland Revenue Service Chairman, Zacch Adedeji, said the Nigerian government would unveil its proposed N100 billion consumer credit loan in a couple of days....
The Chairman of the Federal Inland Revenue, Zacch Adedeji, has reiterated the agency’s commitment not to introduce additional taxes in the country. Adedeji stated this on...
The naira’s appreciation against the US dollar continued on Wednesday, exchanging N1,300.43 per dollar at the official foreign exchange market on Wednesday. FMDQ data showed that...
The Association of Bureau de Change Operators in Nigeria, ABCON, has forecasted when the Naira will appreciate to N1,000 per US dollar. The President of ABCON,...
President Bola Tinubu has congratulated Bassirou Faye on his election as the President of the Republic of Senegal. Tinubu’s congratulatory message was contained in a statement...
The International Organisation for Migration, IOM, has said 8,541 migrants drowned and died while migrating in 2023, making the year the deadliest on record for migrants....
Cyberbullying surged to 16 per cent in 2022 from 13 per cent four years ago among children aged 11 to 15, according to a World Health...
Electricity consumers are experiencing a power outage in some parts of Abuja due to a technical fault on its 33-kilovolt feeder in the Central Area of...
Naira’s appreciation against the US dollar continued on Monday, exchanging N1,290 and N1,382.95 per USD at both parallel and official foreign exchange markets amid the Central...
The Governor of the Central Bank, Olayemi Cardoso, has explained that the apex bank has continued to share information on Binance with other Nigerian government agencies....
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points to per cent from 24.75 per...
A financial analyst, Kalu Aja has said the Naira appreciation in the foreign exchange market is due to FX intervention by the Central Bank of Nigeria...
Footwear sales in Nigeria, South Africa, and other Sub-Saharan African countries contributed $24 billion to global textile and apparel exports in 2023. Euromonitor International research disclosed...
The price of Brent crude oil surged to $85.67 and the West Texas Intermediate crude rose to $80.88 per barrel, according to Reuters. The rise is...
A National Security and Intelligence Expert, Seyi Adetayo, says the escape of Binance Executive Nadeem Anjarwalla from custody in Nigeria is an embarrassment to the country....
The Nigerian federal government has said the outbreak of the ginger blight disease in four states in Nigeria has resulted in a loss of over N12...
The naira’s appreciation against the US dollar continued on Monday, exchanging N1,360 and N1,408.04 per USD at both parallel and official foreign exchange markets. A Bureau...
A staff of Abuja Electricity Distribution Company, AEDC, has been electrocuted to death while on duty. Kunle Olubiyo of the Nigerian Consumer Protection Network disclosed the...
The average fare paid by commuters for journeys within the city increased by 46.98 per cent year-on-year. The National Bureau of Statistics, NBS, disclosed this in...
The Nigerian Government has announced that N37.4 billion has been allocated for the Federal Ministry of Health Oncology Initiative to deliver six cancer centres across the...
Amid the standoff between the Nigerian government and Binance, a cryptocurrency platform, one of the two executives detained over alleged tax evasion and other offences, Nadeem...
Popular social media influencer and chairman of Delta State Sports Association, Morris Monye, said famous Nigerian actor Amaechi Muonagor is dead. Monye disclosed this on Sunday...
The average price of automotive gas oil, known as diesel, increased by 50.20 per cent on a year-on-year basis amid economic hardship. The National Bureau of...
The prices of rice, garri, and yam, popular staple foods in Nigeria, surged to 134.81 per cent, 109.16 per cent and 131.33 per cent, respectively, in...
A chieftain of the ruling All Progressives Congress, APC, in Osun State, Olatunbosun Oyintiloye, has asked President Bola Ahmed Tinubu to intervene in the hike of...
Amid the controversy surrounding the award of a N40 billion metre contract to a foreign firm, the Minister of Power, Adebayo Adelabu, has affirmed the federal...
The Kaduna Electricity Distribution Company has denied the report of the alleged free supply of power during the Month of Ramadan to consumers in Kebbi State....
The Centre for the Promotion of Private Enterprise, CPPE, has raised the alarm that the majority of states in Nigeria are at risk of insolvency amid...
A document from the Central Bank of Nigeria showed that thirty-one states owed the apex bank N330.9 billion obtained to pay workers’ salaries between 2015 and...
A review of foreign exchange trading in the past four weeks shows that Naira gained N234.01 and N340 against the US Dollar at the official and...
The supply of United States Dollar dipped by 30.7 per cent to close at $199.71 million on Friday at the foreign exchange market despite the continued...
Investors at the Nigerian Exchange Limited, NGX, gained N146.95 billion in market capitalization as the All-Share index soared by 259.90 points to close Friday at 104,647.37...
The Nigeria Customs Service, NCS, on Friday, announced the suspension of a 25 per cent penalty previously imposed on illegally imported vehicles. In a statement signed...
Bernard Arnault has overtaken Jeff Bezos, Elon Musk, Mark Zuckerberg and others to reclaim his position as the richest man in the world. This is according...
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane has said the current Naira appreciation drive against the US dollar is sustainable. Rewane...
President Bola Tinubu has affirmed Nigeria’s commitment to implement sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment. According to...
A report by the United Nations Development Programme, UNDP, said Nigeria and the rest of the world are performing poorly in the Sustainable Development Goals in...
The naira’s appreciation against the US dollar continued on Thursday, exchanging N1,382.35 per USD at the official foreign exchange market. FMDQ data showed that the naira...
Meta Platforms Incorporated has announced it will launch a revenue-sharing feature with Nigerian content creators on its Instagram platform in June 2024. Meta’s President of Global...
President Bola Tinubu has approved the appointment of Olugbile Holloway as the Director-General of the National Commission for Museums and Monuments. Ajuri Ngelale, special adviser to...
A report by the Central Bank of Nigeria, CBN, has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has...
The Senate’s Communications Committee, on Wednesday, approved the Nigerian Communications Commission, NCC, budget of N549.6 billion for 2024. This was made known during a joint Senate...
Naira appreciates massively to N1,492 against USD at forex market amid foreign reserves surge It appreciated massively to N1,492.61 per US dollar at the official foreign...
Chief Justice of Nigeria, CJN, Olukayode Ariwoola, will now earn N1.1 million monthly basic salary and N4.3 million regular allowances as President Bola Ahmed Tinubu increased...
Nigerian banks said evidence of a recent three-year tax clearance certificate is now a prerequisite for banks’ consumers seeking foreign exchange. Standard Chartered Bank disclosed this...
Access Holdings has announced plans to acquire the National Bank of Kenya. According to a corporate disclosure on the Nigerian Stock Exchange website, Access Bank Plc,...
The Abia State Government, under Governor Alex Otti, has said it has not reneged on its promise to increase workers’ salaries. Otti disclosed this Tuesday while...
The Central Bank of Nigeria, CBN, has lifted forex restrictions on the importation of milk and dairy products in the country, a move expected to push...
The Minister of Power, Adebayo Adelabu, stirred controversy as the Federal Government awarded a N40 billion mass metering contract to a greenhorn and foreign firm, De...
US Dollar transactions surged by 38.93 per cent as the Naira maintained significant gains in the foreign exchange market. FMDQ data showed that USD transactions increased...
The Nigerian Senate has passed N446.3 billion as the 2024 Federal Inland Revenue Service, FIRS, budget. The action of the Red Chamber followed its adoption and...
The Nigerian government has backed the establishment of a 20-megawatt solar-hydro hybrid project in Shiroro by Solar Generating Company and other entities to boost electricity supply...
The Central Bank of Nigeria, CBN, has fixed March 25 and 26, 2024, as the dates for its 294th Monetary Policy Committee meeting amid the continued...
The Nigerian Federal Government has inaugurated a steering committee for the actualization of the Digital Identification for Development Projects in Nigeria. According to a statement by...
Zenith Bank Plc has announced Adaora Umeoji as its first female Group Managing Director. The company secretary, Michael Otu, disclosed this in a statement filed with...
Naira revaluation pushed Nigeria’s total imports to N35.9 trillion in 2023 from N25.5tn recorded in 2022. This is according to the National Bureau of Statistics combined...
The Nigerian Communications Commission, NCC, said 90 per cent of voice and data services have been restored in Nigeria after disruptions caused by the undersea cable...
There is anxiety among the management staff of the Central Bank of Nigeria as 19 directors have been issued termination letters. According to the Nation, while...
The Central Bank of Nigeria, CBN, has N2.126 trillion in unpaid funds from its intervention programme, which has remained unpaid since 2018. This is according to...
The Central Bank of Nigeria has reviewed its exchange rate for cargo clearance downwards by N18.87 to N1593.41 per US dollar amid the continued appreciation of...
The Central Bank of Nigeria has insisted that its 2.15 million bags of fertilizers donated to the Federal Ministry of Agriculture and Food Security are free...
The National Identity Management Commission, NIMC, has ordered for a comprehensive investigation into an alleged citizens’ data breach by XpressVerify. The Director General of NIMC, Abisoye...
The Nigerian Federal Government is in talks with the World Bank to complete the processes of obtaining over $1 billion loans to address the challenges facing...
The Centre for the Promotion of Private Enterprise, CPPE, says recent comments of House of Representatives members against cement manufacturers over price hikes are hurting investment...
Former media Aide to ex-president Muhammadu Buhari, Bahir Ahmad says the Nigerian government must repay the killers of 16 military personnel in Okuoma community, Bomadi Local...
Governor Babajide Sanwo-Olu of Lagos State has unveiled markets that will offer 25 per cent discounts to residents to cushion economic hardship and rising inflation. Lagos...
A yet-to-be-identified male adult died after an electric cable drum fell on him at Ojo-Igbede Road in the Ojo Local Government Area of Lagos State. The...
The Nigeria Police Force has confirmed that gunmen suspected to be kidnappers have abducted the chairman of the Edo State Peoples Democratic Party, Tony Aziegbemi, along...
Ahead of the April 2024 deadline by the Central Bank of Nigeria, the registration for Bank Verification Number, BVN, increased to 61.16 million on March 15,...
The Naira ended last week on a positive note as it continued its appreciation against the US Dollar at the foreign exchange market. FMDQ data showed...
An economic don and former President of the Chartered Institute of Bankers, Segun Ajibola, has told the Lagos State Government to preserve the sanctity of cooperative...
President Bola Ahmed Tinubu has appointed Zubaida Umar as the Director General of the National Emergency Management Agency, NEMA. Ajuri Ngelale, presidential spokesperson, disclosed this in...
US dollar supply surged by 50 per cent to $248.75 million as Nigeria’s currency, the Naira, continued its appreciation on Thursday at the foreign exchange market....
Company Income Tax in Nigeria dropped by 35.40 per cent to N1.13 trillion in the fourth quarter of 2023 from N1.75 trillion recorded in Q3. The...
President Bola Tinubu has called for collaboration with state governors to fix Nigeria’s economic challenges. Ajuri Ngelale, spokesperson to the President, made this known in his...
President Bola Tinubu has approved the appointment of Dakorinama George, a former Commissioner of Work in Rivers State, as the Director-General of the Border Communities Development...
President Bola Tinubu has approved the appointment of Dennis Otuaro as the administrator of the Presidential Amnesty Programme, PAP. Presidential spokesperson Ajuri Ngelale disclosed this in...
President Bola Tinubu has approved the appointment of James Enimi Omietimi as Chief Medical Director of the Federal Medical Centre, Yenagoa, Bayelsa State, for an initial...
President Bola Tinubu has approved the relocation of the National Agency for the Control of AIDS, NACA, to the Federal Ministry of Health and Social Welfare....
The Nigerian Export Promotion Council, NEPC, plans to boost cowpeas value to $9.43 billion by 2028 from 7.2 billion dollars in 2023. According to NAN, the...
A financial analyst, Kalu Aja, said that the Nigerian government would have handled its ongoing impasse with Binance like the US government did by instituting a...
President Bola Tinubu has appointed Dr Temitope Ilori as the new Director General of the National Agency For The Control of AIDS, NACA. The Head of...
The Nigerian government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., to guide...
The Federal Government is targeting transitioning the Nigerian Railway Corporation services from locomotives (diesel) to cheaper liquefied natural and compressed natural gas. Minister of Transportation Saidu...
Access Holdings Plc has announced the return of Aigboje Aig-Imoukhuede, as its Non-Executive Chairman, replacing Abubakar Jimoh. The Board unanimously decided to invite Aig-Imoukhuede to lead...
Nigerians are intensifying calls on President Bola Ahmed Tinubu to revoke the licenses of electricity distribution companies, Discos. This stems from the worsened epileptic power supply,...
The Minister of Finance, Olawale Edun, says the country’s daily crude oil production is up to 1.65 million barrels per day, against the 1.25 million bpd...
The US House of Representatives massively voted to approve a bill on Wednesday that would force TikTok to divest from its Chinese owner or get banned...
The Central Bank of Nigeria, CBN, has announced the allocation of 2.15 million bags of fertilizers worth over N100 billion to the Federal Ministry of Agriculture...
The National Institute of Credit Administration, NICA says high interest rates are killing Small and Medium Enterprises and SMEs in Nigeria. The Chief Executive Officer, Prof...
The House of Representatives has urgently charged the Transmission Company of Nigeria to restore power in Yenagoa, the Bayelsa State capital, amid the persistent drop in...
The US dollar turnover transactions surged by 21 per cent to $122.18 million as the Naira appreciated against the US dollar on Tuesday at the foreign...
The Nigerian government is demanding information from Binance on its top users in Nigeria and all transaction history for the past six months amid a stand-off...
The Central Bank of Nigeria, CBN, again increased the exchange rate for calculating Customs duties at the country’s seaports by 1.9 per cent to N1.624.732 per...
The Central Bank of Nigeria, CBN, commenced a Treasury Bills, T-Bills Primary Market Auction, PMA, on Wednesday. This is according to CBN’s latest T-BIlls schedule. At...