The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 17.5 percent to 18...
The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of...
Emirates Airline says a substantial balance of its revenue trapped in Nigeria is yet to be repatriated. The airline, in a statement on Friday, called for...
The United Kingdom has banned TikTok, a video-sharing social media application, from all government-owned phones with immediate effect, over security threats. The cabinet office ministers, following...
The National Bureau of Statistics, NBS, has disclosed that the country’s headline inflation rate rose to 21.91 per cent in February 2023 compared to 21.82 last...
The Nigerian Communications Commission (NCC) has directed all mobile network operators to commence implementation of approved harmonised shortcodes (HSC) in order to provide specific services to...
For the first time in over a year, oil price fell on Wednesday to $72 a barrel. Brent crude, the global oil benchmark, fell over 5...
The chief economist at KPMG Nigeria, Yemi Kale says Nigeria’s gross domestic product (GDP) would contract in the first quarter (Q1) of 2023, due to the...
The Nigeria Inter-Bank Settlement System (NIBSS) has revealed that the value of e-payment transactions dropped to N37.67 trillion in February 2023. This figure represents a 4.83...
The International Air Transport Association (IATA) has disclosed that foreign airlines’ revenue blocked from repatriation by the Nigerian government has increased to $743 million from $662m...