Finance
CBN Ban Cash Acquisition for Personal, Business Travel Allowance
On Wednesday, the Central Bank of Nigeria, CBN, issued a circular informing all authorised bank dealers and the general public of its decision...
Amid Economic Hardship, House of Rep Moves to Stop Sports Betting in Nigeria
The House of Representatives has taken an unwavering stance on sports betting as a result of mounting concerns over its detrimental effects on...
Carbon Completes Acquisition of Vella Finance to Enhance SME Financial Services
Digital financial service provider Carbon has finalised the acquisition of Vella Finance, a Nigerian fintech company focused on small and medium-sized enterprises (SMEs)....
Germany Becomes World’s Third-Largest Economy, as Japan Slips into Recession
Germany has overtaken Japan as the world’s third-largest economy, following Japan’s unexpected slip into recession. Japan’s economy contracted by 0.4 per cent in...
Nigeria’s Inflation Not Looking Good – NBS 2024 Report Shows
Despite being Africa’s largest economy, Nigeria’s National Bureau of Statistics (NBS) released the inflation report for January 2024 on Thursday, showing a 0.98%...
Naira Hits Record Low of N1,600 Against Dollar
This morning, the Nigerian naira plummeted to an unprecedented low of N1,600 against the US dollar, marking a distressing milestone for the country’s...
Nigeria’s Crude Oil Production Dropped in January 2024- OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria experienced a decline in crude oil production in January 2024. The intergovernmental...
Fuel Climbs to N700/L in Sokoto, Borno, Kano
Despite the Nigerian National Petroleum Company Limited (NNPCL) assuring that they won’t increase fuel prices, independent sellers have increased their prices to more...
Access Holdings Appoints Bolaji Agbede as Acting Group CEO
Access Holdings yesterday announced the appointment of Bolaji Agbede, as the Acting Group Chief Executive Officer, succeeding late Herbert Wigwe, pending approval from...
Auditor-General Asks CBN to Account for $4.5b Missing from Foreign Reserves
The Auditor-General of the Federation, Shaaka Kanyitor Chira, has queried the Central Bank of Nigeria (CBN) about a substantial $4.5 billion missing from...
NLC: “New Minimum Wage Should be N1 Million Due to Hardship”
Nigerian Labour Congress, NLC, has indicated it might push for a new minimum wage of up to N1 million for Nigerian workers. The...
EFCC Arrests 3 in Kaduna For Selling Naira Notes
The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) arrested three individuals for suspected racketeering involving N1,307,400. The arrested suspects,...