The Economic and Financial Crimes Commission (EFCC) has explained its recent crack down on some Bureau…
Category: Business/Economy
EFCC Chair Bawa predicts N200/$1 exchange rate after Naira redesign
Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has predicted that the dollar…
Naira drops back to N800/$1
The Naira, on Tuesday, depreciated to N800/$1, a further drop from Monday’s N780 per dollar performance,…
NCC rejects Airtel’s $273.6m bid offer for 5G network
The Nigerian Communications Commission (NCC) has rejected Airtel Africa’s bid to buy 3.5GHz spectrums for 5G…
OPEC data confirms Nigeria 4th oil producing country in Africa
* Averaging 1.024bpd in October The Organisation of Petroleum Exporting Countries (OPEC) has placed Nigeria as…
NBC confirms Nigeria’s inflation rate at 21.09% in October
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate surged to 21.09% in…
Naira suffers heavy loss after fleeting recovery, trades at N760/$1
The Naira has returned to default settings at the black market 48 hours after recovering 26.24…
IPMAN slams petrol subsidy, proffers solution to product scarcity
The Independent Petroleum Marketers Association of Nigeria (lPMAN) has declared that petrol subsidy in Nigeria is…
CBN confirms rising deposits after Naira redesign announcement
The Central Bank of Nigeria (CBN) has confirmed increased deposits in commercial banks across the country.…
Senate queries NEITI over N960m personnel cost for 43 staff
* Threatens to slash ‘bloated’ budget The Senate Public Accounts Committee (SPAC) has queried the Nigeria…