Naira opened the week with a poor performance against the US dollar as it depreciated at both the official and unofficial markets. Data from FMDQ securities...
Nigeria’s inflation rate dropped marginally to 15.6% in January 2022, representing a reversal from the uptick recorded in the previous month, when it increased to 15.63%...
Telecommunication operators completely removed 4.75 million phone users from their networks in 2021. This followed the over eight million telephone lines disconnected in 2020. The...
The Central Bank of Nigeria (CBN) recently released the list of 28 companies that were beneficiaries of N23.2 billion from the first cycle of...
With the price of Brent, Nigeria’s crude benchmark touching $96.48 per barrel, the highest level since 2014, the amount paid to subsidized oil may hit N9bn,...
NSCDC warns fuel marketers against hoarding, hiking price. The Kwara Command of the Nigeria Security and Civil Defence Corps (NSCDC) has warned petroleum marketers against...
NIMASA says, piracy declining, seeks collaboration for sustainability. The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that statistics released by the International Maritime...
TCN takes delivery of 15 new power transformers for increased supply — official. The Transmission Company of Nigeria(TCN) says it had taken delivery of 15...
The International Monetary Fund has said Central Bank Digital currencies like the eNaira are a better bet than cryptocurrencies including Bitcoins and other...
The Nigeria Immigration Service has warned that international passports not renewed six months to expiring date would become invalid and unacceptable for travelling purposes. The Comptroller,...