Category: Business and Economy
CBEX remains banned in Nigeria – SEC
The Securities and Exchange Commission (SEC) says the Crypto Bridge Exchange, operating under the corporate identity of ST Technologies International Ltd., remains banned in Nigeria. ... Read More
CBN retains Nigeria’s interest at 27.50%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the country’s interest rate at 27.50 percent. Olayemi Cardoso, the CBN governor, ... Read More
NBS names Benue, Ekiti, Kebbi as states with highest food price hikes
The National Bureau of Statistics (NBS) has named Benue, Ekiti, and Kebbi as states with the highest year-on-year food inflation rate in Nigeria. NBS disclosed ... Read More
Nigeria’s FX inflow under threat as US mulls 5% tax on diaspora remittances
Nigeria’s foreign exchange earnings have come under fresh threat following plans by the United States’ Congress to impose a five per cent tax on all ... Read More
Investors gain N315bn as NGX rebounds
Investors at Nigerian Exchange Limited raked in N315 billion in gains on Tuesday as the stocks rebounded, reversing two days of bearish territory. The NGX ... Read More
NNPCL shake-up: MDs of Port Harcourt, Warri, Kaduna refineries sacked
The new management of the Nigerian National Petroleum Company Limited has fired the managing directors of the three refineries under the purview of NNPCL. The ... Read More
Nigeria’s inflation rate rises to 24.23%, says NBS
The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate increased to 24.23 percent in March after months of respite. According to the ... Read More
Remove bank transfer charges, Sterling Bank charges Nigerian banks
In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major ... Read More
Dangote, Adenuga, Rabiu, Otedola, Nigerians on forbes Africa’s billionaires List
Aliko Dangote, Nigeria’s wealthiest businessman, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola, have emerged as the only Nigerians on the 2025 ‘Africa’s Billionaires List’ compiled ... Read More
NNPC slashes petrol price to N860/litre as competition intensifies
The Nigerian National Petroleum Company Limited (NNPC) has reduced the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N825 per litre ... Read More