Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1 The official exchange rate experienced a notable decline of 2.97%, settling at N1571.31 per US...
Senate confirms Cardoso, 11 others as MPC members Governor of the Central Bank of Nigeria, Mr. Olayemi Cardodso, and 11 other nominees of President Bola Ahmed...
Nigeria recorded 2.74% GDP growth in 2023 – NBS Nigeria recorded a growth of 2.74 percent last year in its Gross Domestic Product (GDP), the National Bureau...
Naira depreciation: Analysts offer strategies for volatility mitigation Financial analysts are advocating for a re-evaluation of policies to safeguard the Nigerian Naira amid escalating forex rates,...
Prepare for greater risks, NCC advises telecom operators ahead of 6G deployment The Nigerian Communications Commission (NCC) has advised telecommunications operators in Nigeria to brace for...
Senate kicks against removal of electricity subsidy The Senate has opposed an attempt to increase electricity tariff through the removal of subsidy. It asked the...
Jetour unveils another SUV, X70 Plus, with elegant features Jetour has flaunted to the Nigerian SUV lovers features of its new model, X70 Plus, also called...
Naira freefall: EFCC raids BDC operators in Abuja, arrests 50 The officers of the Economic and Financial Crime Commission, EFCC, raided and arrested over 50 illegal...
BREAKING: Cement price set to crash to N7000 Cement manufacturers have agreed to lower the product’s price to between N7,000 and N8,000 per 50kg, depending on...
Naira falls to N2,000/1£ at parallel market On the parallel market, Nigeria’s local currency, naira, is currently exchanging for more than 2,000 naira versus the British...