Economy
-
Price of 12.5kg cooking gas surge by 55% in Nigeria
The average price of refilling a 12.5-kilogram Cylinder of Liquefied Petroleum Gas, Cooking gas, has surged by 55.22 per cent…
Read More » -
Naira massively depreciates by N160 against Dollar in seven days
The Naira’s woes against the US dollar continued as the currency lost a significant N160 in seven days at the…
Read More » -
Naira crisis: American Express announces Nigeria’s first business card
American Express Co. has launched its inaugural business credit card in Nigeria amid the foreign exchange crisis. The international firm…
Read More » -
CBN releases list of licensed Deposit Money Banks in Nigeria
The Central Bank of Nigeria has announced 44 lists of licensed deposit money banks in Nigeria. The apex bank disclosed…
Read More » -
FG orders all PoS operators to register with CAC, reveals deadline
The Nigerian government has ordered all point-of-sale operators in the country to register their businesses with the Corporate Affairs Commission…
Read More » -
FG to reintroduce Telecom tax, others to secure $750m loan from World Bank
The Nigerian government has drafted a plan to reintroduce the telecommunications tax previously suspended and other revenue-generating measures to secure…
Read More » -
CBN mandates all banks to collect, remit 0.5% cybersecurity levy to NSA
The Central Bank of Nigeria, CBN, has asked all banks in Nigeria to collect and remit a 0.5 per cent…
Read More » -
Nigeria’s currency in circulation hits N3.87tn Q1 as money outside bank surges
The value of Nigeria’s Currency in Circulation, CIC, increased to N3.87 trillion at the end of the first quarter of…
Read More » -
Borrowing foreign currency to support Naira devaluation shortsighted approach — NLC
The two apex labour centres, the Nigeria Labour Congress and Trade Union Congress on Wednesday, said it acknowledged the federal…
Read More » -
Nigeria’s declining economic activities worrisome – CBN
The Central Bank of Nigeria, CBN, has expressed worries over the declining economic activities in Nigeria. The CBN deputy governor…
Read More »