The Central Bank of Nigeria (CBN) has suspended the approval of extensions for the repatriation of export proceeds on behalf of exporters. CBN noted this directive...
Nigeria’s headline inflation rate is projected to average 30.5% year-on-year in 2025 and settle at 27.1% by December 2025. According to the latest NESG-Stanbic IBTC Business...
FBN Holdings Plc has released a statement to address a media report regarding two of its shareholders’ calls for an Extraordinary General Meeting (EGM). The company...
US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its...
The Chief Executive Officer of MTN Nigeria, Karl Toriola, says telecommunication companies are unanimously proposing a 100 per cent increase in tariffs to the Nigerian government....
Landmark Africa, owner of the Landmark Beach Resort in Lagos, has announced plans to relocate its Nigerian headquarters and expand its operations. Paul Onwuanibe, CEO and...
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, announced yesterday that the staff members who departed in December last year did so...
FCMB Group Plc has announced the successful completion of its public offer, raising N147.5bn with an impressive 33% oversubscription. The offer, which received the necessary approvals...
Some officers attached to the Ogun State Police Command have been arrested for allegedly demanding money from the family of a missing girl before taking action...
China’s Central Bank on Friday said that it has renewed a bilateral currency swap agreement with the Central Bank of Nigeria. The total value of the...
The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 trillion) in Q2 2024, driven mainly...
The Securities and Exchange Commission has ordered all publicly listed companies to publish their financial statements on their official websites from January 2025. According to the...
Nigeria’s inflation rate rose to 34.60 percent in November 2024, up from 33.88 percent in October, further exacerbating economic hardships for citizens. The National Bureau of...
The Central Bank of Nigeria has imposed a fine of ₦150 million on Deposit Money Banks that have been found guilty of distributing illegal mint naira...
Europe’s main stock markets were little changed Thursday despite interest rate cuts by the eurozone and Swiss central banks as policymakers warned of economic and political...