Markets
CBN forex ban: Nigerians imported N18tn cooking oil, meat, others in seven years – Report
Nigerians imported not less than nine items worth N18.12tn from the forex ban list of the Central Bank of Nigeria...
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IMF, COP28 President-designate call for action on climate finance
The International Monetary Fund, COP28 President-Designate and UN Special Envoy for Climate Action and Finance have called for measures needed...
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Russia Announces Slashing Oil Production by 700,000 Bpd in March
Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned, according to...
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Agusto, DataPro assign investment grade rating to Fast Credit
Fast Credit Limited, a leading finance institution, has earned a long-term investment grade ratings of “Bbb” from Agusto & Co...
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Bitcoin platform with 1.5m Nigerian users shuts down
Peer-to-peer Bitcoin platform, Paxful, with 1.5m users in Nigeria, has announced that it is shutting down its operations. This was...
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External reserves fall by $1.46bn in two months- CBN
The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have...
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Governors, NFIU on collision course over cash withdrawal
Governors and the Nigerian Financial Intelligence Unit (NFIU) may be set on a collision course over cash withdrawals and the...
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Govts, financial institutions, others on alert as attacks on biometrics rise
•Criminals advance across platforms, eye mobile web, native Android, iOS As biometric registrations continue to prevail in many countries, especially...
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NCC Blames Fast Data Depletion on Global Explosion of New Technologies
Inundated with complaints about fast depletion of data after the daily, weekly and monthly subscriptions of data bundles from telecom...
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Stock market dips by 1.2% amid profit-taking
The Nigerian Exchange Limited on Tuesday witnessed a further drop in market indices by 1.2 per cent, amid sustained negative...
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Reps invite ministers, firms over $2.4bn oil sale
The House of Representatives’ will on April 11, 2023, grill ministers and other heads of ministries, departments and agencies of...
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Stock market capitalisation declines by N622bn
Investors lost N622bn at the close of trading on Monday due to sell-offs of some telecoms and banking stocks. The...
Read moreStock investors record N13bn loss in one week
The Nigerian Exchange Limited closed lower last week as investors took stock of the hike in the Monetary Policy Rate...
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Airfares soar as foreign airlines hike exchange rate
International airfares on Nigerian routes have gone up further by over 20 per cent after foreign airlines raised the exchange...
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Banks confirm receiving more cash, load ATMs
The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up...
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Fossil fuels and role of technology in energy transition
The call for energy transition has continued to gain global traction yet the world faces the challenge of meeting growing...
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Workers draw battle line over lingering naira scarcity
NLC directs picketing of CBN offices •Apex bank plans return of old notes. Workers yesterday vowed to stay at home...
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ainment Business Politics City Beats Opinion Sports About us Advert Rates Insurance penetration to decline as 9,000 agents battle licence renewal
It appears the insurance industry is making sales on one hand and losing it on the other hand. Omobola Tolu-Kusimo...
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Banks not receiving new Naira notes
Struggle to meet customers’ demands, Nigerians, who are eager to transact with the new Naira notes, may have to wait...
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E-bills payment falls by 44% over cash crunch – NIBSS
The value of electronic utility payments fell by 44.86 per cent in February despite the Central Bank of Nigeria’s naira...
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Stock Market Down N16bn on Weak Investors’ Sentiment
The stock market of the Nigerian Exchange Limited (NGX) yesterday opened the new trading week extending its losing streak for...
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Driving Force Behind Nigeria’s Blue Economy
Kerry Baskins said, “The differentiator in business is when an organisation steps out and creates value from something never tried...
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Naira, fuel scarcity will push 24.8m Nigerians into crisis – Report
No fewer than 28.4 million Nigerians in 26 states and the Federal Capital Territory, including 18,000 Internally Displaced Persons, are...
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Ahmed: FG to Abolish Petrol Subsidy Before May 29, Attributes Delay to 2023 Elections, Census
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said the federal government would remove the controversial petrol...
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A former Central Bank of Nigeria’s Deputy Governor, Kingsley Moghalu, has expressed dissatisfaction over the series of crises created...
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