ECONOMY: INFLATION JACKS UP PRICES OF BEANS, YAM, OTHERS IN JUNE
A recent report from the National Bureau of Statistics shows that in June 2024, the cost of food items such as beans, tomatoes, yams, garri,...
JUST IN: CBN AGAIN RAISES INTEREST RATE TO 26.75% AMID SOARING INFLATION
Amid surging inflation and skyrocketing food prices, the Central Bank of Nigeria (CBN) has once again raised the Monetary Policy Rate (MPR), which measures interest...
CBN PROJECTS NIGERIA’S EXTERNAL RESERVES COULD REDUCE SLIGHTLY IN 2024
The Central Bank of Nigeria (CBN) has projected that Nigeria’s external reserves could reduce slightly in 2024. This was disclosed in the recently released maiden...
CBN SELLS FOREX TO BDC OPERATORS AT N1450 PER DOLLAR
At a rate of N1450 per dollar, the Central Bank of Nigeria sold dollars to qualified Bureau de Change operators on Thursday. This was revealed...
REPS TO PROBE NON-ALLOCATION OF CRUDE TO DANGOTE REFINERY
On Thursday, July 18, the House of Representatives decided to look into claims that the Nigeria Upstream Petroleum Regulatory Commission and foreign oil companies doing...
CRYPTO EXCHANGE, OKX DISCONTINUES OPERATIONS IN NIGERIA, ADVISES CUSTOMERS TO WITHDRAW ASSETS BEFORE AUG 30
OKX, a cryptocurrency exchange, has stated that it intends to stop operating in Nigeria due to recent modifications to local laws and regulations. In a...
SMEs: FG LAUNCHES NATIONAL INNOVATION ENTREPRENEURSHIP ECOSYSTEM
In an effort to promote innovation and assist SMEs and startups nationwide, the Federal Government has established the National Cleantech Innovation Entrepreneurship Ecosystem (CIEE). The...
FOREIGN EXCHANGE: CBN SELLS $122.67M TO 46 AUTHORISED DEALERS
The Central Bank of Nigeria (CBN), in an effort to foster stability and lessen market volatility in the foreign exchange market, has sold roughly $122.67...
BUSINESS NEWS: NIGERIA’S EXTERNAL RESERVES EXCEED $35 BILLION – CBN
As of July 8, 2024, the Central Bank of Nigeria reported that Nigeria's external reserves stood at $35.05 billion. This is the first time under...
NEITI SEEKS COLLABORATIONS TO GROW NIGERIA’S MINING SECTOR
With more than 40 commercially viable solid minerals distributed around the nation, the Nigeria Extractive Industries Transparency Initiative (NEITI) has urged stakeholders to take more...