Business

Nigeria’s debt profile hits N87.9trn

The N87.91 trillion total debt stock represents a marginal increase of 0.61 percent, when compared to the June figure of N87.38 trillion. Nigeria’s...

Yuletide: Tinubu approves zero-fare by rail, 50% travel waiver on road transport across Nigeria

President Bola Tinubu has approved free rides for commuters on all train services and 50 per cent reduction in interstate transport fares for...

Ban importation of 2000 to 2007 model cars, Automotive Council urges FG

The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Joseph Osanipin, has suggested a ban of importation of cars used...

Breaking: Again, Nigeria’s inflation rate rises to 28.20%

Nigeria’s headline inflation rate for November soared up to 28.20 percent relative to October headline inflation rate of 27.33 percent. Persecond News reports...

Naira scarcity heightens in FCT as banks implement withdrawal limits

Several parts of the Federal Capital Territory (FCT) have been hit by paucity of the Naira as Christmas approaches. The cash crunch which...

Just in: CBN halts processing fees on large cash deposits

The Central Bank of Nigeria (CBN) has announced the immediate suspension of processing fees on large cash deposits. The change cited under the...

CBN raises alarm over counterfeit Naira notes in circulation

The Central Bank of Nigeria (CBN) has raised alarm over the circulation of counterfeit banknotes across the country. According to the apex bank,...

Dangote Refinery set to commence production, recieves 950,000 barrels of crude oil

The Dangote Oil Refinery is finally set to commence fuel production as the first crude shipment arrives at the facility on Thursday. S&P...

CBN Gov. Cardoso approves apex bank’s reviewed service charter

In its bid to strengthen the core values and the working mechanism of the banking sector, the Central Bank of Nigeria (CBN) Governor,...

NNPCL ranks third for free cash flow generation among African oil companies by 2024 – Report

The Nigerian National Petroleum Company Limited (NNPC Ltd) has been ranked third for free cash flow generation by oil companies in Africa by...

Nigerians worry more about rising prices of commodities, not budgetary arithmetic — Rewane

Renowned economist and Managing Director/CEO, Financial Derivatives Company Ltd, Mr Bismarck Rewane, has said many Nigerians are not interested in the budgetary figures...

2024 budget: Oil benchmark fixed at $77.96, exchange rate of 750 to dollar

President Bola Tinubu on Wednesday announced an oil benchmark of $77.96 and the Naira at N750 to a dollar for the 2024 of...

Nigeria’s debt may climb above $51.75bn as FG plans to borrow N7.8trn for 2024 budget deficit

President Bola Ahmed Tinubu said on Wednesday that his government will finance the 2024 budget with N7. 8 trillion loan. Persecondnews reports that...

Old, new Naira notes to co-exist till further notice, Supreme Court rules

The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new notes until further...

Solid Minerals Minister, Alake, dangles carrot before investors in London

The Minister of Solid Minerals Development, Mr Dele Alake, has asked foreign investors to take advantage of low cost of production in Nigeria’s...

Beware of ATM card-swap fraudsters, EFCC alerts Nigerians

The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians to Automated Teller Machine (ATM) card-swapping fraudsters at ATM locations and Point of...