Business

After presidential ride, 750-volt dedicated power to delay Lagos rail operations

  The new Lagos electric-powered metro rail, the Blue Line, inaugurated by President Muhammadu Buhari on Tuesday, cannot commence immediate…

3 years ago

CBN increases lending interest rate to 17.5%

The Central Bank of Nigeria has raised its benchmark lending rate to 17.5 per cent ostensibly to contain the inflationary…

3 years ago

Jan 31 deadline for old naira notes remains unchanged – Emefiele

The Central Bank of Nigeria insists the deadline for the validity of the old 200, 500 and 1,000 naira notes…

3 years ago

CBN excludes Abuja, Lagos PoS operators from cash swap programme

The Central Bank of Nigeria has excluded mobile money/Point of Sales agents in Abuja and Lagos from its newly launched…

3 years ago

FIRS reforms pay off, collected N10.1tn tax revenue in 2022

The Federal Inland Revenue Service says it collected N10.1 trillion as tax revenues in 2022. It disclosed this in its…

3 years ago

Air passengers stranded in Lagos as aviation workers strike grounds int’l fights

Many international flights were on Monday grounded at the Murtala Muhammed International Airport Lagos as workers of the Nigerian Aviation…

3 years ago

Updated: Passengers panic as Warri-Itakpe train derails in Kogi forest + video

NRC suspends train service along the route Fear of attack and kidnap by terrorists overtook many train passengers on Sunday…

3 years ago

Purchase of 30-seater bus tears Innoson, NAN apart

There is a growing disagreement between local auto assembler, Innoson Vehicle Manufacturing Company Limited, and the News Agency of Nigeria…

3 years ago

No going back on cash withdrawal limits, NFIU tells govs

The Nigerian Financial Intelligence Unit has said it will not reverse the cash withdrawal limit guidelines it issued earlier this…

3 years ago

CBN insists on Jan 31 deadline to phase out old naira notes

The Central Bank of Nigeria (CBN) says deadline for the old naira notes of N200, N500 and N1,000 to cease…

3 years ago