Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has apologised to Nigerians for the glitches…
Category: Business/Economy
CBN raises interest rate to 18%
Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by…
NLC threatens nationwide strike over cash crunch, fuel crisis, electricity tariff hike
The Nigeria Labour Congress (NLC) has threatened to embark on a nation-wide strike if the Federal…
Aviation workers sue minister, FAAN over proposed concession of 4 Int’l airports
Key unions in the nation’s aviation industry have filed a suit seeking an order of perpetual…
Oil rebounds, as investors take stock of banking crisis
Oil prices rebounded by about 1% on Friday after a meeting between Saudi Arabia and Russia…
US gifts Nigeria, other African countries $150m to combat hunger
* Amid fears of 24.8m Nigerians at risk of starvation To address the rising issue of…
Naira reverses gain, depreciates against US dollar at unofficial markets
The Naira, on Wednesday, experienced depreciation against the US dollar at the unofficial market but closed…
Anxiety as banks reportedly run out of old, new Naira notes to pay customers
Several banks ran out of old and new Naira notes on Wednesday, dashing Nigerians’ hopes that…
Nigeria’s inflation rate hits 21.9 per cent
The high cost of food and fuel has pushed Nigeria’s inflation rate from 21.82% in January…
Raise VAT to 10%, Finance Minister Ahmed advises next govt
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has advised the next administration to…