JUST IN: Nigeria’s Inflation Hits 34.8%
Nigeria’s headline inflation rate rose to 34.80% in December 2024, up from 34.60% in November, the National Bureau of Statistics (NBS) announced on Wednesday. The marginal…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
National Assembly inflates Nigerian College’s Budget from N368 million to N42 Billion – BudgiT
The National Assembly is embroiled in a fresh Budget Padding Scandal after an investigation by BudgIT has revealed that the proposed Budget for the Federal College…
BREAKING: CBN Fines Nine Banks N1.3bn for Not Stocking ATMs
The Central Bank of Nigeria (CBN) has sanctioned nine deposit money banks (DMBs) for failing to ensure cash availability via automated teller machines (ATMs) during the…
Pump price hike looms as petrol depots increase prices
There are indications of an imminent hike in the price of petrol as the loading costs of petrol and diesel at depots increased across Nigeria on…
BREAKING: EFCC summons Okoya’s Sons over Naira Abuse
The Economic and Financial Crimes Commission, EFCC, has invited two sons of Billionaire industralist, Rasaq Okoya over a viral video showing them abusing the Naira. Wahab…
Ugandan Minister Engages Israel on Agriculture, Labor, and Export Development
The Diplomatic Institute hosted Uganda’s Minister of State for Gender, Labour, and Social Development, Hon. Esther Davinia Anyakun, and her delegation this week for a professional…
Warri Refinery: Oil marketers to start lifting petrol in February
Oil marketers target to start lifting Premium Motor Spirit from the 125,000 barrels per day Warri Refinery by February 2025. This comes as the Independent Petroleum…
1000 CBN Staff Left On Their Own – Cardoso
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has clarified that the 1,000 staff who exited the bank in December did so voluntarily, receiving full entitlements.…
Naira weakens to 1,541/$
The Nigerian naira weakened to N1,541.36/$ on the first day of trading in the New Year. According to the NFEM rate data available on the website…
Nigerians to pay more as Telcos propose 100% tariff hike
“According to Toriola, the proposed tariff hike is necessary for the sustainability of the industry, which has been facing significant financial pressures due to rising operational…