The Central Bank of Nigeria in the last two months has announced several policies that have raised eyebrows among Nigerians. From the new Naira notes to...
“Everything increased in price, salary just remained stagnant”, Joy Agnes, a low-income earner in Lagos was heard lamenting as she tried to bargain a 100% increase...
The Central Bank of Nigeria (CBN) has ruled out the extension of the deadline for the withdrawal of old Naira notes from circulation. The Central Bank...
A National Bureau of Statistics (NBS) report has noted that the number of poor persons in Nigeria has increased to 133 million. This is a massive...
The 2023 budget is currently with lawmakers for deliberation. The budget contains a total aggregate expenditure of N20.5 trillion. This is an 18.49% increase in aggregate...
The 10 ministries with the highest allocation in the 2023 budget proposal of N20.5 trillion submitted by President Muhammadu Buhari are namely: Federal Ministry of Finance,...
The new owners of Polaris Bank Limited, Strategic Capital Investment Limited (SCIL), on Friday announced a new management team for the lender. SCIL completed the acquisition...
At a time when Nigeria is facing serious revenue challenges, and states are considering cutting work force to deal with shrinking resources, one would think that...
The Federal Government has dismissed reports on the rejection of Naira for flight tickets by international airlines operating in the country. South African Airways had on...
The family members of 2,249 deceased workers got N12.3 billion benefits under the Contributory Pension Scheme between April and June this year. The National Pension Commission...
The Group Managing Director of Flour Mills, Boye Olusanya, said at the weekend Nigeria still relies heavily on food importation to meet existing gaps despite several...
Without a doubt, Nigeria is in the grips of a security crisis. Almost every day, from East to North, South to West, a report of a...
Despite working in the biggest economy in Africa, Nigerian workers minimum wage is one of the lowest in Africa. Data from Statista show Nigeria’s economy was...
The average fares paid by commuters within Nigerian cities rose by 33.74 percent year-on-year, according to the National Bureau of Statistics (NBS). The NBS stated this...
A former Minister of State for Finance, Remi Babalola, has resigned as chairman, board of directors of First Bank Holdings. He resigned from the position just...
Trading activities in the Nigerian capital market closed on a negative note on Thursday amidst sell-offs and buy-interests. Data obtained from Nigeria Exchange Group (NGX) showed...
The Nigerian economy started 2021 with much exuberance, having recovered from the second recession under the present administration in the fourth quarter of 2020. After the...
The nation’s economy grew more slowly in the third quarter of the year than it did in the second quarter, according to data from the National...
For the third day in a row, the Naira to US dollar exchange rate closed again at N415.10/$1 at the Investors and Exporters window, where currency...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari said on Tuesday Nigeria’s struggles to meet its Organisation of Petroleum Exporting Countries...
Nigeria’s inflation rate fell for the seventh consecutive month in October to 15.99 percent, the lowest since December 2020. The National Bureau of Statistics disclosed this...
Airtel Africa has secured the Central Bank of Nigeria (CBN)’s approval to operate as a super-agent in Nigeria. The Group Company Secretary of Airtel Africa, Simon...
The Economic and Financial Crimes Commission (EFCC) has reportedly questioned the newly appointed Managing Director of First Bank of Nigeria Holdings Plc, Nnamdi Okonkwo, in connection...
The Nigerian currency continued its struggle at the official market despite a significant gain at the black market. Data obtained from FMDQ Securities where Naira is...
The Central Bank of Nigeria (CBN) has launched a debt recovery campaign in a bid to force beneficiaries of its Anchor Borrowers’ Programme(ABP) to repay the...
Libya has eclipsed Nigeria as Africa’s largest oil producer following a recent drop in the West African nation production, the Organization of the Petroleum Exporting Countries...
Nigeria is not among the top 10 investment destinations in Africa as difficult operating environment continue to chase away investors, a new report has revealed. In...
Nigeria is not just one of the costliest countries to hold elections in, but it is also one of the most wasteful. Every four years, Nigerians...
The National Bureau of Statistics said on Monday the 36 states and the Federal Capital Territory (FCT) recorded N849.12billion Internally Generated (IGR) Revenue in the first...
Nigeria’s external reserves dropped by $30 million in just 24 hours, the Central Bank of Nigeria revealed on Sunday. Data from the CBN obtained by Ripples...
Commercial banks in Nigeria intercepted N122.83 million worth of fake Naira notes in circulation in two years. The Central Bank of Nigeria (CBN) disclosed this in...
The Central Bank of Nigeria (CBN) has released the revised guidelines for its Anchors Borrowers Programme and warned farmers of several sanctions for default. The guidelines...
The Central bank of Nigeria (CBN) has revealed that in the last six years it spent N3.88 billion to throw away N4.13 trillion worth of dirty...
On Thursday, the Naira fell 30 kobo, or 0.06 percent, versus the US dollar in the Investors and Exporters (I&E) section of the foreign currency (FX)...
Anambra State elections have been a source of excitement for locals for many years, as it is a time for the rich to flaunt their wealth....
When Forbes reported on June 16 that Tesla founder, Elon Musk, was only worth $150.1 billion, he was ranked third in its billionaire watch list at...
The Central Bank of Nigeria (CBN) spent N58.618 billion to print 2.518 billion Naira notes last year. The apex bank disclosed this in its 2020 Currency...
The Central Bank of Nigeria (CBN) on Wednesday urged Nigerians to heed its directives and forget about cryptocurrencies in order to avoid further financial losses. The...
South African billionaire, Elon Musk, has further cemented his position as the world’s richest man following the increase in his net worth to $335 billion in...
For a country hit by a revenue and FX shortfall, the Nigerian government continues to miss out on gains of rising oil prices as oil production...
A fresh revelation on why the 25-storey building along Gerard/Bourdillon Road in the Ikoyi area of Lagos collapsed on Monday has emerged. An unspecified number of...
The National Pension Commission (NPC) has revealed that in the first six months of 2021, sacked workers of private and government institutions withdrew N9.45 billion from...
The Federal Government has concluded plans to concession 12 hydropower plants in five states and the Federal Capital Territory (FCT) for effective service delivery in the...
Two of Nigeria’s biggest cement producers, Dangote and BUA rode on the continued ban on importation of the product to grow their profits by 31.71% to...
Nigerian currency continued its devaluation to the U.S dollar on Thursday at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market. Data obtained...
The value of Nigeria currency dropped in Value on Tuesday after closing three previous sessions at a stable rate with the U.S dollar. Data from FMDQ...
Justice Taiwo Taiwo of the Federal High Court, Abuja has ordered the Central Bank of Nigeria (CBN) to unfreeze the accounts of fintech companies pointing out...
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that 99.4% of bank accounts in Nigeria have less than the N500,000 Maximum Insured Limit (MIL) of the...
In a bid to boost liquidity in the private sector, the Central Bank of Nigeria (CBN) on Monday unveiled a new financial instrument called “The 100...
The Central Bank of Nigeria (CBN) has released N200 million worth of eNaira to banks for use in the country. The CBN Governor, Godwin Emefiele, disclosed...