The Federal Ministry of Industry, Trade, and Investment has announced the commencement of the disbursement process for the Presidential Conditional Grant Programme, according to a statement released on...

Dangote Petroleum Refinery has announced a substantial reduction in the price of Automotive Gas Oil, commonly known as diesel, from N1,200/litre to N1,000/litre. The announcement, made via a statement...

The National Bureau of Statistics (NBS) has released data revealing that Nigeria’s headline inflation rate surged to 33.20% in March 2024, marking a steep increase from the 31.70% recorded in February...

In a bid to address the country’s soaring inflationary rate, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant hike in the benchmark interest rate....

The Nigeria Customs Service (NCS) has announced the cancellation of the 25% penalty on improperly imported vehicles, following directives from the Minister of Finance and Coordinating Minister of the Economy,...

The Nigerian naira continued its upward trajectory against the United States dollar on Thursday, marking a gain of N18 to close at 1,382/$ at the official market, as reported by the Presidency. This surge...

Nigeria’s Debt Management Office (DMO) has unveiled a staggering figure, revealing that the country’s public debt ballooned to N97.34 trillion ($108 billion) by the fourth quarter of 2023. In...

The Central Bank of Nigeria (CBN) has announced the complete clearance of the valid foreign exchange backlog, marking a significant milestone in the nation’s economic recovery efforts. Mrs. Hakama...

The Central Bank of Nigeria (CBN) has announced the lifting of forex restrictions on the importation of milk and dairy products in the country, in a move aimed at pushing down prices. According to a CBN...

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Ltd., has emphasized the need for a differentiated approach to energy transition in Africa, particularly...

In a significant development for Zenith Bank Plc, the Board of Directors has announced the appointment of Dr. Adaora Umeoji as the Group Managing Director/Chief Executive Officer. This announcement, revealed...

In a bid to alleviate the plight of vulnerable households and less privileged families, Fidelity Bank Plc has extended a helping hand by distributing over 3000 food items in Gusau, Zamfara State. This...

In February 2024, Nigeria experienced a significant spike in headline inflation, soaring to 31.70% compared to 29.90% in January 2024, marking a notable increase of 1.80%. This surge, as reported by the...

In a bid to address the soaring food prices in Nigeria, the Central Bank of Nigeria (CBN) has earmarked N100 billion and 2.15 million bags of fertilizers for the Ministry of Agriculture. Governor Olayemi...

The Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited. Effective from March 18, 2024, for one month,...

Cryptocurrency exchange, Binance, has announced intentions to cease all operations associated with the Nigerian naira. Binance, a platform for exchanging cryptocurrencies, faced accusations of exploiting...

The Central Bank of Nigeria (CBN) has taken a decisive step by revoking the licenses of 4,173 Bureaux De Change Operators, citing their failure to adhere to regulatory provisions. The announcement came...

In a bid to tackle the hurdles hindering the effective development of divested assets in Nigeria’s oil and gas industry, the Nigerian National Petroleum Company Limited (NNPC Ltd) has advocated...

The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have vowed to collaborate closely in achieving Nigeria’s goals of attracting...

The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has implemented a significant adjustment, raising the Monetary Policy Rate (MPR) by 400 basis points to 22.75% from its previous rate...