Business
Nigeria’s inflation rate rises to 34.80% in December 2024 up from 33.60%
Nigeria’s inflation rate rose to 34.80 percent in December 2024, up from 33.60% in November, according to the National Bureau of Statistics (NBS)....
Transactions with GHL: FirstBank dispels misleading reports, reaffirms commitment to excellent, standard banking services
First Bank of Nigeria Limited (FirstBank) has distanced itself from a recent media reports regarding a commercial transaction between it and General Hydrocarbons...
Nigeria’s Economy Soars as Customs Records N196.94trn Trade Value in 2024
The Nigeria Customs Service (NCS) has achieved a remarkable milestone, recording a total trade value of N196.94 trillion in 2024. This represents a...
CBN Slams N1.35bln Fine on Nine Banks for Cash Scarcity
The Central Bank of Nigeria (CBN) has imposed a total fine of N1.35 billion on nine deposit money banks (DMBs) for failing to...
Tinubu Calls for Boost in Regional Trade to Drive African Growth
President Bola Tinubu has emphasized the importance of Africa focusing on internal trade to drive growth and prosperity for its people. By improving...
Nigerian Treasury Bills Auction Shatters Records with 283.42% oversubscription
The Central Bank of Nigeria (CBN) has announced a staggering 283.42 percent oversubscription of the 364-day Treasury Bills auction, which took place on...
Naira hits new low, slumps to N1,665/$1 in parallel market despite official market gains
The Nigerian Naira on Monday depreciated to N1,665 per dollar in the parallel market, a slight drop from N1,660 per dollar last weekend....
U.S. dollar strength drives oil prices down amid market pressure
By Samuel Akpan with agency report Global oil prices took a step back on Monday, ending a five-session rally, as a robust US...
Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off
President Bola Tinubu’s directive to sell crude oil and refined products in Naira to domestic refiners has achieved significant success. The Chairman of...
CBN Sets Daily POS Transaction Cap at N100,000 for Agents
The Central Bank of Nigeria (CBN) has introduced a new policy aimed at promoting a cashless economy and enhancing the security and accountability...
FirstBank’s Decemberissavybe 2024 kicks off with Kenny Blaq’s “Reckless” Musicomedy
December is a joyous season in Nigeria, a time when individuals take time off from their busy schedules and hectic lives to relax,...
Nigeria’s Inflation Rate Rises to 34.6% in November
Nigeria’s inflation rate has risen to 34.6% in November, up from 33.8% in October, according to the National Bureau of Statistics (NBS). The...
Illicit mint naira sale: CBN slaps N150m fine on erring banks
The Central Bank of Nigeria (CBN) has introduced a strict measure to combat the illicit trade of new naira notes, imposing a hefty...
FG Sets December 16 for N120 Billion Bond Sale
The Federal Government, through the Debt Management Office (DMO), has announced plans to raise N120 billion through the auction of two Federal Government...
Naira plummets to N1,780 per dollar, reversing recent gains
The Nigerian Naira experienced a sharp value decline on Wednesday, falling from N1,600 to N1,780 per dollar in the black market. This reversal...
Naira Posts Strong Gains Against Euro Amid Forex Market Reforms, European Political Uncertainty
The Nigerian naira has made significant gains against the European currency at the parallel market, driven by ongoing reforms in Nigeria’s foreign exchange...
