JUST IN: Central Bank Raises Interest Rate To Fight Inflation
The Central Bank of Nigeria has raised the monetary policy rate which measures interest rate to 14%. This was disclosed by the central Bank Governor, Godwin…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Electronic Transfer Charges Made N97.3 Billion for the FGN
The Federal Government (FG) in its May communique of the Federation Account Allocation Committee (FAAC) stated that N97.3 billion was generated from Electronic Money Transfer Levy (EMTL). This…
The Pains and Gains of POS Business in Nigeria
Nelson Uguwagbo, Abuja POS services now place an active role in the day to day routine of Nigerians. Their operators are in every nook and cranny…
20 Million USD Paid For Rare Scotch Whisky Setting New Record
What’s So Special About The Beverage? Thomas Moradpour, the president and chief executive of Ardbeg’s owner Glenmorangie, a subsidiary of the LVMH luxury goods group, said…
Sallah: Kano Residents Settles For Camel as Prices of Ram Skyrocket
Camel sellers in Kano State are smiling home or perhaps to the banks with millions of naira as residents are trooping in to buy camels as…
FG Increases Tax on Cigarettes to Reduce Consumption
Nigeria’s Minister of State for Health, Olorunnimbe Mamora, has said the government increased tax on cigarettes from 20 to 30 per cent in June to dissuade…
How Forex Trading Can Make or Mar Your Finances
Nelson Ugwuagbo, Abuja According to the National Bereau of Statistics, Nigeria has an unemployment rate of 33% and youth unemployment of 42.5%. Also 4 in 10…
Stop Using Transformer Oil for Cooking, Expert Warns
Experts have warned against the use of transformer oil for frying bean cakes also known as ‘akara’ or for cooking domestic meals. Transformer oils, which contains…
ASUU Strike: 5 profitable Businesses Students Can Start While Waiting
Nelson Chukwuezugo, Abuja Ever wondered how the current ASUU Strike has crippled the nation’s academic activities in our tertiary institutions. It’s been four months since the…
$1.5B Port Harcourt refinery will be ready in 42 months – NNPC
The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said on Friday the ongoing rehabilitation of the Port Harcourt refinery would…