FX inflow via IMTOs reach $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from…
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CBN raises interest rate to 26.75%
The Central Bank of Nigeria Monetary Policy Committee has increased the interest rate from 26.25% to 26.75%, a 50 basis point increase.…
Google halts plan to terminate cookies from Chrome browser
Tech giant, Google has announced that it will adopt a privacy sandbox strategy in place of the previously announced phase-out of third-party…
Senate approves N70,000 minimum wage bill for workers
The Nigeria Senate has approved the bill to increase the national minimum wage from N30,000 to N70,000 on Tuesday. This was disclosed…
NNPCL boss Kyari denies offshore petroleum blending units
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mallam Mele Kyari has refuted any relationship at all between…
Billionaire Otedola backs Dangote amid clash with NMDPR
Nigerian billionaire Femi Otedola has taken to social media to support Aliko Dangote and his ambitious Dangote Refinery project. Otedola’s endorsement echoed…
Support, don’t attack Dangote, Peter Obi tells critics
Former presidential candidate of the Labour Party in the 2023 elections, Peter Obi, has emerged as a vocal advocate for the Dangote…
Adesina backs Dangote, dares importers to build refineries in Nigeria
President of the African Development Bank, Akinwumi Adesina, has challenged those claiming Aliko Dangote is attempting to dominate the oil business to…
US fintech Mercury Bank blocks accounts linked to Nigeria, others
American financial technology company, Mercury, has announced plans to terminate the accounts of businesses based in several countries, including Nigeria, effective from…
WTO members rally behind Okonjo-Iweala for second term
The World Trade Organization has endorsed a proposal from the African Group urging Director-General Ngozi Okonjo-Iweala to seek a second four-year term.…
NCC directs telecoms to audit billing systems
The Nigerian Communications Commission has instructed all telecommunication companies to conduct thorough audits of their billing systems. KPMG, a prominent global audit…
FG eyes 9,000MW from renewable energy
The Federal Government has stated that it anticipates the renewable energy sector to contribute roughly 9,000 Megawatts of power supply to the…