Despite the increase in Nigeria’s foreign reserves, data from the FMDQ has shown that the Naira has plunged further against the Dollar at the foreign exchange…
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The Nigerian Civil Aviation Authority (NCAA) has suspended ten private jet operators over failure to follow through with the recertification process mandated by the regulator. A…
Minister of State for Petroleum Resources Heineken Lokpobiri announced on Thursday that Nigeria has won the bid to host the African Energy Bank (AEB) headquarters. Speaking…
The Central Bank of Nigeria (CBN) has threatened to penalise deposit money banks (DMBs) that reject mutilated naira notes. In a statement on Thursday signed by…
Several electricity distribution companies (DISCOs) in Nigeria announced an upward review of tariffs for Band A customers on Wednesday. The review takes effect from July 1.…
The Nigerian government has slammed a 7.5% Value Added Tax (VAT) on cryptocurrency transactions.The cryptocurrency platform KuCoin disclosed in a recent email that on July 8,…
On Wednesday, the Naira slumped further against the dollar in the foreign exchange market.Data from FMDQ showed that the Naira dropped from N1509.45 on recorded on…
Despite the policy interventions of the Central Bank of Nigeria, the Naira continues to be in free fall against the Dollar.According to data from the FMDQ,…
Reports say the Nigerian National Petroleum Company Limited, NNPCL, has declared a state of emergency on crude oil production.Mele Kyari, the Group Chief Executive Officer of…
Nigeria recorded a 210% increase in capital importation, reaching $3,376.01 million in the first quarter of 2024. On Monday, the National Bureau of Statistics(NBS), a trusted…