84% of Nigeria’s workforce is self-employed – NBS
The National Bureau of Statistics has reported that 84% of Nigeria’s working-class population was self-employed in the first quarter of 2024, marking…
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CBN raises interest rate to 27.25%
The Central Bank of Nigeria’s Monetary Policy Committee has increased the interest rate by 50 basis points to 27.25%. This move is…
Diesel price rises 64.58% in August- NBS
The average retail price of Automotive Gas Oil in Nigeria increased significantly by 64.58% year-on-year, reaching N1,406.05 per litre in August 2024.…
Eko DisCo warns customers against meter installation scams
Alex Omenye The Eko Electricity Distribution Company has issued a firm warning to its customers, advising them not to pay individuals or…
New SEC regulation to enhance transparency in bank recapitalization
The Director-General of the Securities and Exchange Commission, Dr. Emomotimi Agama, has highlighted the impact of newly issued guidelines in boosting transparency…
Shareholders contest Filmhouse Holdings’ proposed share sale to Trivos Films
Shareholders of Filmhouse Holding Limited, a key player in the movie cinema and film distribution sector, have initiated legal proceedings to contest…
Lagos demolishes illegal structures blocking drainage channels
The Lagos State Government has resumed the demolition of illegal structures obstructing the System 63b drainage channel in Sangotedo, Eti Osa, as…
CBN targets N50bn from cybercrime levy
The Central Bank of Nigeria is expected to generate around N50 billion by the end of 2024 from the newly implemented 0.005…
Nigeria’s foreign reserves record $2.35bn monthly net inflow – Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that Nigeria is currently recording a net inflow…
NLC blames policy inconsistencies for NNPC, Dangote dispute
The President of the Nigeria Labour Congress, Joe Ajearo has attributed the ongoing conflict between the Nigeria National Petroleum Company Limited and…
CBN caps BDC forex sales at $5,000
The Central Bank of Nigeria has implemented a new policy limiting bureau de change operators to a maximum cash sale of $5,000…
FG eyes $1.5bn GDP through Halal economy
The Nigerian government has announced that it will unveil a comprehensive strategy on Wednesday aimed at establishing the country as a prominent…