Inflation: Experts urge CBN against tighter monetary policy
Experts have advised the Central Bank of Nigeria to withdraw from further deployment of monetary policy tightening as a tool to check the inflationary pressure. According to Vanguard, Managing…
5kg cooking gas now 37% higher than 2021 – NBS
The National Bureau of Statistics has revealed that Nigerians now pay 37.34% more to refill a 5kg cooking gas than the previous year. The NBS made this known in…
Afreximbank launches TRADAR Club to boost African trade
African Export-Import Bank has launched TRADAR Club, a member-driven network aimed at empowering international businesses and executives to transform trade and investments within Africa. Vanguard reported that Afreximbank’s Media…
Ghana halts payment on Eurobond, others
Ghana has declared a halt to debt service payments on its commercial loans, Eurobond loans, and bilateral debts. This was confirmed by the Ghanaian ministry of finance in a press…
Tailors decry lack of patronage as price of materials soar
The high cost of materials have affected the price of sewing, the ripple effect being that tailors now experience low patronage, as many customers can't afford the price hike. …
Agricultural revolution created 13m jobs – Buhari
The President, Major General Muhammadu Buhari (ret.d), has stated that over 13 million direct and indirect employment have been created in Nigeria in the past seven and a half years,…
Withdrawal limit: PoS agents not endangered by new policy, says CBN
The Central Bank of Nigeria has debunked claims that its new policy limiting cash withdrawals is targeted at point-of-sales agents. Recall, that the apex bank, earlier in December, announced…
PWD: Merchant Bank donate gifts worth millions to Lagos school
NOVA Merchant Bank, on Thursday, visited the Pacelli School in Surulere, Lagos, for the Blind and Partially Sighted, donating valuable goods and materials worth millions of naira, in commemoration of…
Arik Air to resume flight in Asaba, Ilorin, others
Arik Air will restart service to the capital cities of Asaba, Ilorin Kwara, and Delta states respectively on December 20, 2022. According to a press statement from Arik Air spokesman…
Banks run out of new naira, demand increases
About 24 hours after the new naira notes officially entered circulation, reports revealed that banks have run out of the newly-printed denominations leading to increased demand. The shortage of…
VIDEO: Nigerian banks dispense new naira notes
Commercial banks have started dispensing the newly redesigned naira notes to over-the-counter customers. Channels Television, on Thursday, reported that some banks in major cities across the country have begun…
Nigeria’s inflation hit 21.47% in November
Nigeria’s inflation rate rose to an all-time high of 21.47% in November, coming from 21.09% in October. The latest inflation report by the National Bureau of Statistics revealed this…
