The Nigerian Communication Commission (NCC) has warned telecom users in the country that there is no plan to move the set October 31 deadline to link...
Just when it looked like the Nigerian currency was reclaiming some momentum against the US dollar, on Wednesday, it reversed direction for another bad day. Data...
The Corporate Affairs Commission (CAC) said it has completed the incorporation of the Nigerian National Petroleum Company (NNPC) Limited in line with the new Petroleum Industry...
BudgIT, a civic organization has released what it say is a list of best and worst performing states amid the Value Added Tax controversy. According to...
The Nigerian government has disclosed plans to change the way the National Bureau of Statistics (NBS) calculates unemployment figures in the country. President Muhammudu Buhari, Senior...
Nigerian banks earned N172 billion in revenue from account maintenance and electronic transaction fees charged to their customers in the first half of this year. First...
On Monday, oil prices sold above $80 per barrel, a massive 100 percent difference from the $40 per barrel projected in the 2021 budget. Monday closing...
The naira gained slightly against the US dollar in the official market on Monday after recording two consecutive losses. According to figures from the FMDQ securities...
The countdown for the official launch of the Central Bank of Nigeria’s (CBN) digital currency, the eNaira, has started, and we are now less that four...
The Federation Accounts and Allocation Committee (FAAC) on Thursday shared N696.9 billion among the three tiers of government as revenue allocation for August. The Director of...
The price of oil reached a two-month high on Thursday, amid a struggle by Nigeria to meet its daily production targets. Data from Reuters showed Brent...
The value of Nigerian naira returned to where it started the week after two days of gaining against the US dollar at the official market. According...
The poor and vulnerable Nigerians have continued to pay the price for soaring food prices with the cost of preparing a pot of jollof rice, one...
JP Morgan Chase has taken a different seat concerning the economic growth rate of Nigeria in 2021, projecting Africa’s largest economy will continue to experience slow...
The Central Bank of Nigeria (CBN) has given three reasons why the soon to be launched e-naira is different and better than other types of cryptocurrencies....
The Naira maintained its strong performance against the US dollar in the official market on Wednesday, making it two days in a row of positive trade....
The Senate has passed the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) of the Federal Government with no adjustments to the assumptions...
Nigeria’s All- products terms of trade (TOT) index decreased by 0.35 percent in the second quarter of the year (Q2’21) as the value of Nigeria products...
The National Bureau of Statistics (NBS) has revealed that the outbreak of COVID-19 pandemic in 2020, cost 20 percent of Nigeria’s full-time workforce their jobs. This...
The Nigerian currency bounced back at the official market against the United States dollars despite a significant increase in the demand for foreign currencies. Data obtained...
The Central Bank of Nigeria (CBN) on Tuesday ordered traders and other businesses to accept the country’s digital currency, e-Naira, as a legal tender after its...
The cost of preparing food has risen significantly in the last year, with beans and garri rising by more than 60 percent. This is contained in...
The official market value of the naira dropped on Monday, the first trade day after the Central Bank of Nigeria vowed to halt the activity of...
Nigerian currency is starting the week on a good note at the official market just as the Central Bank of Nigeria (CBN) intensifies effort to reduce...
The Nigerian Organized Private Sector (OPS) has requested clarification on who should get the August Value Added Tax (VAT) collected by businesses, which is due for...
Nigeria’s external reserves have grown by 3.71 percent, or $1.96 billion, in the last 19 days. According to figures obtained from the Central Bank of Nigeria...
Nigerians looking to produce their own electricity might find it much more difficult in the coming weeks as the federal government has revealed plans to ban...
The Central Bank of Nigeria has disbursed a total of N791.9 billion to 3.9 million farmers across the country under its Anchor Borrowers’ Programme (ABP). The...
Nigerians paid 50 percent more for bus and motorcycle trips in August than they did in the same period last year, the National Bureau of Statistics...
The governor of the Central Bank of Nigeria (CBN) Godwin Emiefiele, has advised Nigerians to ignore the black-market exchange rate for the Naira to other foreign...
The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 11.5 percent. This...
Nigerian currency sustained its free fall at the unofficial segment of the foreign exchange (FX) market on Thursday. This came as Nigerians feared the prices of...
The National Bureau of Statistics (NBS) says Premium Motor Spirit (PMS) popularly referred to as petrol, was more expensive in Abia in the month of August,...
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] The Nigerian currency continues its free fall against the US dollar on the black market, as it exchanged at...
As at the end of June 30, each Nigerian now owes about N165,500 to countries, international organisations and domestic investors as government borrowing increased to N35.5...
[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”] Over the last two decades, 36 states, including the federal capital, have shared about N4.63 trillion in value added...
After hitting a 48-year low against the US dollar in the black market on Monday, Nigerian currency has started a new journey to another unwanted record....
The Centre for Social Justice (CSJ) a civil organization has revealed that Nigeria, under the leadership of president Muhammudu Buhari spent N11.679 trillion servicing debts in...
The Guaranty Trust Bank has directed its staff to take the COVID-19 vaccine before the end of the month or face a 50 percent pay cut....
The value of the Nigerian currency fell further at the black market on Monday, as traders who pay a premium to obtain foreign currencies from independent...
Banking activities in Niger state were shutdown on Monday as commercial banks protested against the state government. This came days after the Niger State Internal Revenue...
The Association of Bureau De Change Operators of Nigeria (ABCON) has offered to assist the Central Bank of Nigeria (CBN) in stopping the Naira’s depreciation. Alhaji...
The Naira began the week at N545 per dollar at the black market, a 3.1 percent depreciation from last Monday’s opening rate. The naira had opened...
Today, September 13, makes it 100 days since the federal government suspended the use of twitter in the country costing the Nigerian economy about N247.8 billion,...
The World Bank has banned 55 Nigerian companies for various procurement offences in the last 20 years. In a note obtained by Ripples Nigeria on its...
Concerned about the Naira-to-Dollar exchange rate, Nigeria’s Central Bank has issued a strong warning to Deposit Money Banks, threatening to revoke their licenses for one year,...
Workers and directors at the Nigerian National Petroleum Corporation’s (NNPC’s) three refineries in the last three years were paid N252.8 billion in salaries and other emoluments....
The United Bank for Africa (UBA) Plc has reported a profit before tax of N76.2 billion in the first half of the year. This represents a...
Black market traders appear to have struck gold in recent days, taking advantage of the low liquidity on the foreign currency market as well as Nigerians...
The Central Bank of Nigeria (CBN) has released new rules to banks and Payment Service Providers (PSBs) on how to process consumer bulk payments. According to...