Out Of Recession Into Stagflation
Amidst the counter accusations of money printing by the two Godwins, denial by the National Economic Council, and statement by…
Category: Local
Twitter Ban: Nigeria’s Economy Declines By Over N2billion In One Day
The Nigerian economy may have declined by over 2billion Naira in just one day of Twitter ban. This is if…
FIRS Introduces Online Naira Tax-Filing Platforms
The Federal Inland Revenue Service (FIRS) has introduced a new Tax Administration Solution (TaxPro-Max) to ease tax compliance and modernise…
Nigeria To Save $3bn From Petroleum Imports Annually – Emefiele
The Central Bank Governor, Godwin Emefiele, has said that the country will save about $3bn from petroleum products imports annually…
Local, Foreign Banks Invested $10b In Dangote Refinery – Emefiele
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and…
Nigeria’s Suspension Of Our Operations Deeply Concerning – Twitter
Twitter has expressed “deep concern” over the federal government’s decision to suspend its operations in Nigeria. Sarah Hart, Twitter’s senior…
NCC, Telcos Block Access To Twitter In Nigeria
Telecommunications operators have blocked access to the social media platform, Twitter in Nigeria. The telcos, under the aegis of the…
FG Suspends Twitter’s Operations In Nigeria
The Nigerian Government has suspended Twitter Operations in Nigeria. This was announced on Friday by the Minister of Information and…
Oil Rises Towards $72 On Demand Prospects
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering…
Customs Agents Suspend Strike At Onne Port
The Area 2 Branch of the Association of Nigerian Licensed Custom Agents has suspended its strike over disagreement with the…
ABCON Bans Street Trading Of Foreign Currencies
The Association of Bureaux De Change Operators of Nigeria (ABCON) says it will launch an “Operation No Street Trading” to…
Nigeria Home To 9,100 Dollar-Millionaires, Worth $207bn – REPORT
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million dollars and a…
Freight Forwarders Endorse Review Of Charges By PTML
Freight forwarding associations at the Ports and Terminal Multipurpose Limited (PTML) Terminal, Tin Can Island Port Complex, Lagos, have expressed…
Passengers Suffer Check-In Delays As SITA Withdraws Service
Check-in for hundreds of international air travellers to various destinations was on Tuesday delayed for several hours when the airlines…
CBN Anchor Borrowers Programme Benefits Over 3 Million Farmers
CBN, he said, shall continue to sustain its interventions in the critical sectors of the economy, particularly in Agriculture, Manufacturing,…
How CBN, Under Emefiele, Drives Financial Reforms
The Governor of the Central Bank of Nigeria (CBN), Governor Godwin Emefiele, might have made history as the only governor…
Pressure Mounts On Naira, Sells At N499/$1 At Black Market
The journey of the Nigerian Naira into the N500/$1 region at the unregulated segment of the foreign exchange (forex) market is just a step…
Assessing Emefiele’s Stewardship At CBN
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele is seven years in office today. In those years, he has…
Nigeria Now Producing, Supplying SIM Cards To Africa Countries – Pantami
The Minister of Digital Economy and Communications, Mallam Isa Pantami, has revealed that Nigeria has established a manufacturing plant in…
BDC Operators Move To Crash Exchange Rate, Ban Street Hawking Of Dollars
Forex traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have said they will…
NPA Boss Promises To Resolve Electronic Call-Up Bottlenecks
The acting Managing Director of the Nigerian Ports Authority, Mr Mohammed Bello-Koko, has said the authority was committed to resolving…
Oil Rises With U.S. Crude Supplies Falling For Second Week
Oil climbed after a U.S. government report showed crude inventories declined for a second straight week, further evidence of increasing…
Bankers Dare EFCC, Say We’re Not Afraid To Declare Assets
The National Union of Banks, Insurance and Financial institutions has said its members are not afraid to declare their assets…
Worries As N796b Investors’ Losses In May Extends Into June
Insecurity in the country and other macroeconomic challenges, coupled with uncertainty in the global economy, may continue to take a…
CBN Adjusts Naira’s Official Rate To N410.22/$1
The Central Bank of Nigeria (CBN) again weakened the naira yesterday, by adjusting the local currency ‘s official rate to…
CBN: Forex Inflows Drop To $43bn In 2020
A total of $43 billion in foreign currency flowed through the Central Bank of Nigeria (CBN) as outflows in the whole…
‘Nigeria, Others In Fragile Position On Energy Transition, Investment’
As the world adapts to the rapidly changing dynamics in the energy industry in an effort to mitigate the impacts…
Improved Business Performance Pushes PMI To 54.4 Points
Growth in the Nigerian private sector gained momentum in May to 54.4 basis points, with business conditions improving to the…
Cocoa Prices Rise In Nigeria`S Edo, Akwa Ibom, Abia, Ogun States, Fall In Ondo
IBADAN, Nigeria — Cocoa prices have risen this week in some producing states in Nigeria due to the slight improvement…
Gokada Eyes Share Of Nigeria’s $20b E-Commerce Market
Nigeria-based last mile delivery, logistics and transportation start-up Gokada has launched a ‘Super App’ where customers can access food delivery,…