Business

Nigeria’s inflation jumps to 21.09% on food price hike

Nigeria’s inflation rate again surged to a new rate of 21.09 per cent in October 2022, representing a 0.32 per…

4 years ago

Nigerian Man Takes $500,000 Cash to Deposit in a Bank, Causes Stirs

A Nigerian man caused a stir in one of the new-generation banks when he went to deposit $500,000, approximately N200…

4 years ago

75% of bitcoin investors have lost money – Study

Three out of four people who have bought bitcoin have lost money, according to a study published on Monday as…

4 years ago

Air Peace suspends flights to Dubai indefinitely from Nov 22

Air Peace has announced that it will be suspending flights to Dubai, United Arab Emirates (UAE), with effect from November…

4 years ago

Most Nigerian highways have expired, need reconstruction, says FERMA

The Federal Road Maintenance Agency (FERMA) says many of nation's highways have exceeded their lifespan and urgently need reconstruction. Managing…

4 years ago

Dollar Selloff Temporary, Be Wary In Coming Weeks — Analysts

The appreciation of the naira wit­nessed in the black market segment of the foreign exchange market to­wards the end of…

4 years ago

We have not fixed Nov 24 for resumption of Abuja-Kaduna train service – NRC

The Nigerian Railway Corporation says reports of Abuja-Kaduna rail service resuming on November 24 are not true and should be…

4 years ago

Nigeria Offers Concession On $1.3bn China-Funded Hydro Power Plant

Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from…

4 years ago

Naira redesign: No charge on cash deposits, says CBN

As the Central Bank of Nigeria now allows banks to accept cash deposits above the previously set limit of N500,000,…

4 years ago

Naira records major gain against dollar, sells for N680/$

The naira on Saturday recorded a major gain against the dollar, closing at N680/$ at the parallel market in a…

4 years ago