World Bank and IMF urge CBN to combat inflation as it reaches 34.8%.
The World Bank and the International Monetary Fund (IMF) have urged Nigeria’s Central Bank (CBN) to continue its efforts to reduce inflation. Nigeria’s inflation rate...
Category : Business
Traders Support Erosion Control Projects in Adamawa
by Greenmax
The Livestock and Grain Dealers’ Associations have expressed pleasure with the effective completion of flood and erosion control initiatives in specific markets across the state....
China’s manufacturing activity decreases for the first time in four months.
China’s manufacturing activity fell in January for the first time in four months, according to official statistics released Monday, as Beijing struggles to maintain the...
ICAN lauds the NDIC’s commitment to integrity and financial stability.
by Greenmax
Davidson Alaribe, president of the Institute of Chartered Accountants of Nigeria (ICAN), has congratulated the Nigeria Deposit Insurance Corporation (NDIC) for maintaining the highest levels...
Marketers may ditch Dangote gasoline, as imported petrol costs N922/litre.
According to oil marketers, the landing cost of Premium Motor Spirit (petrol) was N922.65 a litre on Friday. Dealers stated that this pricing includes numerous...
Ecobank faces $68 million lawsuit for alleged slander and coercion.
by Greenmax
Ecobank Transnational Incorporated (ETI), its CEO Jeremy Awori, and two other subsidiaries of the financial institution are facing a $68 million lawsuit claim filed in...
179 oil theft incidents uncovered in one week – NNPCL
The Nigerian National Petroleum Company Limited claims it has discovered 179 cases of crude oil theft in the last week. The corporation confirmed that the...
Nigeria, Ghana, and two other countries secure $25 billion in funding for the industrial revolution.
by Greenmax
Four African countries, Nigeria, Ghana, Côte d’Ivoire, and Senegal, have recently received significant investments totaling approximately $25 billion aimed at increasing industrial capacity in these...
POS Operators May Jerk Up Service Fees More Than 50% Telecom Tariff Hike
by Greenmax
Point-of-sale (POS) operators in Nigeria may soon raise their service costs after the Federal Government approved a 50% rise in telecoms service tariffs. Ogungbayi Ganiyu,...
As reserves dwindle, the naira falls to N1,675 per dollar in the parallel market.
by Greenmax
The naira’s value continued to fall as the 30-day moving average of external reserves dwindled. This comes as banks resumed selling Business and Personal Travel...