FX debt: CBN owes just five banks, says Cardoso
With the exception of five banks, foreign exchange backlogs have been resolved, according to Olayemi Cardoso, Governor of the Central Bank of…
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Price of satchet water may rise to N100 – Producers
Citing high manufacturing material costs, the Nigerian Association of Table Waters Producers has stated that N100 might be the price at which…
Naira increases to 1609/$ at official market
On Wednesday in the official market, the value of the naira slightly increased in relation to the US dollar, reaching N1,609 from…
Nestle Nigeria reports N104bn loss in 2023
By Melvin Onwubuke Nestle Nigeria Plc has announced a loss before tax of N104 billion for the year 2023. This was disclosed…
2023 budget: ASUU threatens strike over unreleased N170bn
The Academic Staff Union of Universities has cautioned that it might consider another industrial action if the federal government fails to release…
Helicopter carrying Herbert Wigwe on fire before crash – NSIB
The Nigerian Safety Investigation Bureau confirmed on Saturday that it has received the preliminary report from the U.S. National Transportation Safety Board…
Nigeria to address demands of beverage workers – Minister
The Coordinating Minister for the Federal Ministry of Health and Social Welfare, Prof. Ali Pate, has pledged that the ministry would make…
Binance restricts USDT/NGN trading
The world’s largest cryptocurrency exchange, Binance has implemented restrictions on peer-to-peer transactions involving the USDT/NGN pair as the naira experienced record lows…
Fairmoney moves to acquire digital bank Umba
Lagos-based digital bank with headquarters in Paris, FairMoney is currently in early-stage discussions to acquire Umba, a credit-focused digital bank providing financial…
Nigeria to surpass India in technology talents export — Minister
The Minister of Communication, Innovation and Digital Economy, Bosun Tijani, said Nigeria will overcome India as the net global exporter of technology…
NERC considers increase of prepaid meters
Alex Omenye The Nigerian Electricity Regulatory Commission is contemplating another increase in the price of prepaid meters, responding to heightened production costs…
IPMAN threatens strike over Soludo’s taxation
The petroleum sales in Anambra State would have to be discontinued within the next two weeks due to threats against its members,…