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  • 22nd September 2026

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Car imports hit 42.5% rise as FG slashes

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DMO put bonds worth N360bn on auction

  Bisola David Four Federal Government of Nigeria bonds valued at N360 billion have been made available by the Debt Management Office for subscription via auction at N1,000 per unit. According to The Punch, a circular from the DMO states that the bonds being offered are a 10-year, N90 billion FGN bond with a new opening […]

News

Walmart increases minimum wage to $14 per hour

  By Christian George While firms globally are stylishly slashing down its workforce, Walmart has concluded plans to increase its hourly workers wage in the U.S to $14. This was made known today by the company in an email that the new wage will reflect in the paycheque on March 2, 2023. Report has it […]

News

Five facts about Imota rice mill

  The Imota rice mill was on Monday, commissioned by the President, Major General Muhammadu Buhari (retd.), in Lagos State. The much anticipated project has been adjudged to be a game changer in the agricultural sector because of the proposed impact of the project on the economy landscape of the state and nation at large. […]

News

Lekki sea port’ll reduce Nigeria’s trading cost – NPA MD

  Kazeem Owoseni   The Managing Director of Nigerian Port Authority, Mohammed Bello Koko has said that, with the newly commissioned Lekki Deep Sea Port in Lagos State, the traffic flow around Apapa will improve and the cost of trading in the country will be reduced drastically. Koko who disclosed this in his Statement on […]

News

What every Nigerian should know about the interest rate

Oluwanifemi Ojo   Interest rate is a measure of the amount paid on a borrowed money or the amount received for saving money. This means, if an amount of money is borrowed, the individual/entity is required to pay a percentage of the money within a specified period, based on the agreed term. Similarly, if an […]

Senate ask CBN to extend deadline of new naira note
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Senate ask CBN to extend deadline of new naira note

Juliet Buna   The Senate has once again asked the Central Bank of Nigeria to extend the deadline for the stoppage of the use of old naira notes from January 31 till July 31, 2023. According to Channels TV, The lawmakers also lamented the hardship the policy is causing Nigerians as they said there are […]

Monarchs begs CBN to extend old naira deadline
Economy

CBN raises interest rate to 17.5%

  The Central Bank of Nigeria has raised the Monetary Policy Rate, which measures the interest rate to 17.5 per cent. The CBN Governor, Godwin Emefiele, announced this after the apex bank’s Monetary Policy Committee meeting in Abuja on Tuesday. Channels reported that the MPC raised the monetary policy rate by 100 basis point to […]

CBN fines banks N1m daily over refusal of new naira
Banking

New naira: 50% unbanked Nigerians may lose savings, says report

Oluwanifemi Ojo   A new report by the Inclusion for all Initiative predicts that over 50 percent of Nigerians without access to banking services could lose their savings as the deadline for the naira exchange announced by the Central Bank of Nigeria approaches.   The CBN Governor Godwin Emefiele, announced the introduction of the new […]

News

Mutual Benefits won’t relent on customer experience improvement – Chairman 

  Chairman of Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi, has assured key stakeholders and the insuring company that the organisation will continue to offer improve customer services in the Nigerian insurance industry. According to Vanguard, the Chairman made this promise at the 27th annual thanksgiving service of Mutual Benefits Assurance Plc in Lagos. He […]

petrol pump
Oil and Gas

FG empowers NMDPRA to tackle petrol price hike

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this week, to enhance the authority’s capacity to curb fuel overpricing by marketers.   The Guardian reported that the Authority Chief Executive, Farouk Ahmed, issued this warning in Abuja, on Monday, at a stakeholders’ […]

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