Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
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…
In a bid to alleviate the ongoing cash scarcity crisis in Nigeria, the Central Bank of Nigeria (CBN) has announced the temporary suspension of processing fees on cash…
Leading financial institution, Fidelity Bank, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article…
Air travellers across select routes in Nigeria are experiencing soaring airfares, reaching unprecedented highs that threaten to impede travel during the festive season. Indigenous airline operators…
Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas. No fewer than seven commercial banks…
A Federal High Court sitting in Abuja has issued a garnishee order, freezing at least 24 bank accounts belonging to the Kano State Government over N30…
Point-of-sale operators in Nigeria have raised the alarm that some state governments have started charging them at least N30,000 in taxes annually per agent. The National…
An American multinational consumer goods firm, Procter & Gamble, popularly known as P&G, has announced that it is winding down its on-ground presence in Nigeria. The…
The Director-General of the Budget Office of the Federation, Ben Akabueze, says the N27.5trn 2024 budget estimates awaiting approval at the National Assembly is “way too…
Some states are experiencing cash crunch as the Automated Teller Machines (ATMs) no longer dispense money and banks ration cash withdrawal Over The Counter (OTC) by…
