Nigerians lament as fake products dominate market
Social Media was set buzzing on Monday evening after Nigerians took to their various social media platforms to humorously express their opinions about the high level…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
JUST IN: Reps fix Dec 30 for 2024 budget passage
The Speaker of the House of Representatives, Tajudeen Abbas, has said the 2024 budget proposal would be passed on December 30, 2023. The lawmaker representing Zaria…
Detty December: Nigeria’s inflation rate on track for its worst level in over 27 years
The National Bureau of Statistics (NBS) released Nigeria’s monthly Consumer Price Index (CPI) report for Nigeria last week Friday, revealing a headline inflation rate of 28.2%…
Court freezes Oyo Govt’s bank accounts over N3.5 billion debt
A FCT High Court sitting in Abuja has issued a garnishee order for the freezing of 10 commercial bank accounts operated by the Oyo State Government…
Christmas: Fuel queues increase nationwide despite assurances of adequate supply
Motorists in parts of Lagos, Ogun, Abuja, Niger, Nasarawa, and other states faced mounting queues at petrol stations on Friday, signalling a surge in demand for…
BREAKING: Fubara signs 2024 N800bn budget
The Rivers state governor, Siminalayi Fubara, has signed the 2024 Appropriation Bill of N800bn into law. Fubara, who presented the bill on Wednesday, December 13, to…
CBN governor blames Emefiele for recent naira scarcity
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has blamed the naira scarcity currently being experienced in some parts of the country on his…
Cash Scarcity: N3.4tn Now In Circulation – CBN
The Central Bank of Nigeria has reassured Nigerians that there are enough naira notes in circulation to meet their cash needs. CBN’s Acting Director of Corporate…
CBN suspends application for new intervention loans
The Central Bank of Nigeria, CBN, has announced a stop to new loan applications under its development finance intervention funds scheme. The suspension signals a dramatic…
FCTA to close down popular Abuja market over poor sanitation, insecurity
The Federal Capital Territory Administration (FCTA) has announced plans to shut down Utako Ultramodern Market over poor sanitation and rising insecurity. The director, Development Control, Mukhtar…