Markets
Climate Change: FG to Introduce Carbon Tax System in Nigeria
The federal government is set to introduce a carbon tax policy and budgetary system for the country, in line with...
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Foreign Investors’ Outflow in Stock Market Down 20.6% to N183.47bn on Inflation, FX Scarcity
Following the scarcity of foreign exchange, double-digit inflation that eroded investment, political uncertainty, among others, foreign investors’ outflow in the...
Read moreForeign Investors’ Outflow in Stock Market Down 20.6% to N183.47bn on Inflation, FX Scarcity
Following the scarcity of foreign exchange, double-digit inflation that eroded investment, and political uncertainty, among others, foreign investors’ outflow in...
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New naira: Confusion deepens as CBN deadline ends today
Nigerians, especially bank customers, were gripped with confusion and uncertainty over whether today’s deadline by the Central Bank of Nigeria...
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Why Supreme Court paused ban on old naira notes —Ozekhome
A lawyer and Senior Advocate of Nigeria, Mike Ozekhome, has explained the judgement of the Supreme Court restraining the Federal...
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IMF Urges CBN to Stop Full Financing of FG’s Fiscal Deficits
Seeks closure on securitisation of N22.7tn overdrafts The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN)...
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New naira: Govs, parties begin legal battle over CBN deadline
The February 10 deadline for the currency swap announced by the Central Bank of Nigeria has pitted Governors Nasir El-Rufai...
Read moreBuhari under pressure to end fuel, naira disasters
As the fuel and currency scarcity slowly paralysed socio-economic activities across the country, the President, Major General Muhammadu Buhari (retd.),...
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Banking index raises stock market by N1.08tn
Despite investors’ sentiment trading and uncertainty surrounding the 2023 general elections, the anticipation for dividend payout and sectoral performance of...
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Buhari under pressure to end fuel, naira disasters
As the fuel and currency scarcity slowly paralysed socio-economic activities across the country, the President, Major General Muhammadu Buhari (retd.),...
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New naira crisis: Aso Rock forces inciting Nigerians against APC – El-Rufai
Governor of Kaduna State, Nasir el-Rufai, again on Thursday, took a swipe at the people he called elements in the...
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New naira scarcity: Sokoto, Zamfara, Katsina border residents trade in CFA
Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following...
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New naira racketeering: EFCC to raid Lagos, Kaduna, P’Harcourt currency hawkers
Indications have emerged that the Economic and Financial Crimes Commission is set to raid new naira note racketeers in key...
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N650 petrol: PENGASSAN plans clampdown on marketers
The Petroleum and Natural Gas Senior Staff Association of Nigeria, on Monday, raised the alarm that their findings showed that...
Read moreCommuters groan as petrol pump price nears N400/litre
Petrol consumers have continued to groan under the burden of skyrocketing prices, as Premium Motor Spirit almost hit N400 per...
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80% of imports must pass through scanners – Customs
The Nigeria Customs Service has accused terminal operators and clearing agents of undermining the newly installed $120m scanners. The Customs...
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Govt plans PoS agents for $800m cash-transfer scheme
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has said that the Federal Government will deploy Point-of-Sales...
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New naira: Anger spreads over scarcity, Reps oppose CBN extension
The House of Representatives has rejected the February 10 deadline for the phasing out of old currency notes announced by...
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4.2 billion Internet users affected by shutdowns – Report
Over 4 billion people globally with nearly a third of a billion in Africa have been affected by the internet...
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Petrol may hit N800/litre on subsidy removal – Marketers
As the scarcity of the Premium of Motor Spirit, popularly called petrol, continued on Sunday, oil marketers have stated that...
Read moreNew naira deadline: CBN monitors compliance in A’Ibom
The Central Bank of Nigeria has begun moves aimed at ensuring that banks in the country keep to the January...
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Rising petrol price hits N300 per litre
The scarcity of Premium Motor Spirit, popularly called petrol, grew worse across the country on Thursday, as massive queues were...
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Fuel scarcity bites harder, marketers blame NNPCL
As the petrol scarcity across the country continues to linger, oil marketers have accused the Nigerian National Petroleum Company Limited...
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Power generation drops to 2,200Mw
At 14:00 hours yesterday, power generation dropped to 2,200MW from 3,553MW at 13:00 hours. Of 24 power plants, only 10...
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Inflation eases to 21.34 per cent
Inflation rate eased by 0.13 per cent last December from the 21.47per cent in November, this year to 21.34 per...
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