JUST IN: CBN RAISES INTEREST RATE TO 26.25%
The Central Bank of Nigeria (CBN) has raised the interest rate to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee...
CBN DIRECTS BANKS TO STOP IMPLEMENTATION OF CYBERSECURITY LEVY
By Ajape Sefiu A. On Monday, the Central Bank of Nigeria (CBN) directed all banks to stop the implementation of a 0.5 percent cybersecurity levy...
JUST IN: NIGERIA’S INFLATION RATE SOARS TO 33.69% IN APRIL 2024
Compared to the headline inflation rate of 33.20% in March 2024, Nigeria's inflation rate increased to 33.69% in April 2024. This was stated in the...
JUST IN: NAIRA DEPRECIATES FURTHER, TRADES AT OVER N1, 500/$
By Ajape Sefiu A. The naira continued its devaluation against the US dollar in the foreign exchange market. According to data from the parallel market...
PRICE OF 12.5KG COOKING GAS SURGE BY 55% IN NIGERIA
The average price of refilling a 12.5-kilogram Cylinder of Liquefied Petroleum Gas, Cooking gas, has surged by 55.22 per cent to N15,929.04 in March from...
FUEL SCARCITY WILL SOON BE OVER, SENATE LEADER, OPEYEMI BAMIDELE ASSURES NIGERIANS
The Senate Leader, Opeyemi Bamidele, has assured Nigerians that the fuel crisis being experienced in the country will soon be a thing of the past....
CAC REGISTRATION: POLICE TO GO AFTER UNREGISTERED PoS OPERATORS
According to the Federal Government, making point-of-sale operators countrywide registered by law will lessen abduction and make it easier for law enforcement to apprehend people...
MTN, BUA FOODS, CADBURY CLEAR OVERSEAS DEBTS AS DOLLAR SUPPLY RISES
According to Bloomberg, Nigerian businesses have begun to pay off their outstanding debt in US dollars. This comes after the Central Bank of Nigeria recently...
CYBER SECURITY LEVY: DESIGNED TO MILK DYING ECONOMY, WILL PUSH MORE NIGERIANS INTO POVERTY – PETER OBI
By Ajape Sefiu A. The newly imposed cyber security levy by the President Bola Tinubu-led Federal Government has been characterized as one tax too many...
MICROSOFT TO SHUT DOWN LAGOS CENTRE, OVER 200 JOBS AT RISK
Microsoft, a multinational technology company with headquarters in the United States, has thought about shutting down the African Development Center in Lagos, Nigeria. Microsoft's ADC...