Naira policy sent kidnappers, bandits on holiday – Ngige
Wilson Adekumola The Minister of Labour and Employment, Chris Ngige has declared that the naira redesign policy of the Central Bank…
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How Nigeria’s stock market shares dropped 1.2% – Report
The Nigerian Exchange Ltd. on Tuesday experienced a further decline in market indices by 1.2 per cent, continuing the trend of negative…
Foreign airlines increase airfare by 20%
Findings has revealed that International airfares has increased by 20% after foreign airlines raised the exchange rate…
E-naira’ll reduce naira scarcity – CBN
The Special Assistant on Payment to the Governor of the Central Bank, Mary Fasheitan, has said that the usage of the digital…
Direct commercial banks to overhaul e-platforms, Reps urge CBN
Wilson Adekumola The House of Representatives has urged the Central Bank of Nigeria, to give directives to all commercial banks in…
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. Nairametrics reported that airlines adjusted the…
FG waives 5% excise duty on telecom services
The Federal Government has announced that telecom services will no longer be subject to the Finance Bill 2022’s 5% excise charge requirement.…
CBN raises Monetary Policy Rate to 18%
The Central Bank of Nigeria has announced an increase in its Monetary Policy rate to 18 per cent. This was during its…
Experts frown as NNPCL appoints expatriate subsidiary head
Experts and operators have raised concerns and frowned on the appointment of Jean-Marc Cordier to lead the oil trading arm of the…
DMO to auctions N360bn FG bond Monday
The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through the Debt Management Office. AMBusiness reported that…
FG to provide subsidies for solar power developers
The Rural Electrification Agency has revealed that the Federal Government intends to provide subsidies to developers of mini-grids powered by solar energy.…
MTN to merge Momo, Yello financial subsidiaries
Telecommunications company, MTN Nigeria, plans to merge two of its finance subsidiaries – Momo Payment Service Bank Limited and Yello Digital Financial…