Category: featured

Direct commercial banks to overhaul e-platforms, Reps urge CBN

Wilson Adekumola   The House of Representatives has urged the Central Bank of Nigeria, to...

International airlines raise exchange rate to N551/$1

International Airline operators in Nigeria have reportedly adjusted their exchange rate from N462/$1 to N551/$1....

FG waives 5% excise duty on telecom services

The Federal Government has announced that telecom services will no longer be subject to the...

CBN raises Monetary Policy Rate to 18%

The Central Bank of Nigeria has announced an increase in its Monetary Policy rate to...

Experts frown as NNPCL appoints expatriate subsidiary head

Experts and operators have raised concerns and frowned on the appointment of Jean-Marc Cordier to...

DMO to auctions N360bn FG bond Monday  

The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through...

FG to provide subsidies for solar power developers 

The Rural Electrification Agency has revealed that the Federal Government intends to provide subsidies to...

MTN to merge Momo, Yello financial subsidiaries

Telecommunications company, MTN Nigeria, plans to merge two of its finance subsidiaries – Momo Payment...

Lagos community begs Ikeja Electric foe new transformer  

Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company,...

Nigeria’s inflation rate hits 21.91%

The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to...

Banks slash travel allowance, foreign school fees over FX shortage 

Deposit Money Banks have slashed the amount their customers can apply for Personal Travel Allowance...

Oil marketers shun CBN directive, reject old naira notes

Petrol marketers of Premium Motor Spirit, aka. Petrol stations, have continued to reject the old...