In April, Nigeria experienced a surge in inflation, reaching 33.69 percent compared to the previous month’s 33.20 percent. This increase reflects the worsening economic challenges faced...
The fire incident at Shell’s Gbaran facility in Bayelsa on Tuesday could potentially impact the cost of Liquefied Natural Gas in Nigeria, adding to the recent...
The depreciation of the naira against the US dollar in the foreign exchange market continued, as indicated by data from the parallel market section and FMDQ....
The depreciation of the Nigerian Naira against the US dollar has persisted despite the Federal Government’s attempts to stabilize its value, with the exchange rate nearing...
The recent introduction of the 0.5 percent cybersecurity levy by the Central Bank of Nigeria has sparked controversy among Nigerians. In a notice issued to all...
The Corporate Affairs Corporation (CAC) has set a deadline of July 7, 2024, for Point of Sales (PoS) operators to complete their registration, as announced by...
The Central Bank of Nigeria (CBN) has issued a directive to deposit money banks in the country, instructing them to impose a 0.5% cybersecurity levy on...
The Nigerian Naira, the country’s currency, saw a decrease of N130 against the US dollar in the informal foreign exchange market on Sunday, as reported by...
The Chief Executive Officer of a prominent cryptocurrency platform in Nigeria, NoOnes, Ray Youssef, disclosed that peer-to-peer transactions, commonly referred to as P2P, represent a substantial...
India and Nigeria are on the verge of reaching an agreement on settling local-currency debt, which will further strengthen their economic ties. The Indian commerce and...