The Naira today depreciated to N1,740 per dollar in the parallel market from N1,739 per dollar on Thursday. However, the Naira appreciated to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data... Read more »

Nigeria’s Highest Minimum Wages Monthly Abia State, Anambra State, Adamawa State, Delta State, Ebonyi State, Edo State and Kwara State have all approved the payment of the N70,000 monthly minimum wage. Read more »

The International Monetary Fund (IMF) says the naira, Nigeria’s local currency, is showing signs of stability due to interest rate hikes, The Cable reports. In its global financial stability report launched during... Read more »

Chief Executive Officer, CEO of MTN, Mr Carl Toriola has warned that the latest attempt to reintroduce the 5% excise tax on telecom services will put the final nail on the activities... Read more »

The federal government’s plan to reintroduce excise duty on telecommunication services will see consumers paying more for calls. The government is increasing the consumption tax on telecom services to 12.5 percent from... Read more »

Petroleum marketers have resumed importing petrol to supplement the country’s fuel supply, following the inability of the Dangote Refinery to meet demand. Four vessels carrying 123.4 million litres of Premium Motor Spirit... Read more »

The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau De Change operators in Lagos and Abuja. A BDC operator in Lagos,... Read more »

The World Bank said on Thursday that Nigeria must cut government waste and direct spending to targeted poverty programmes and stick to realistic budgets to avoid unplanned spending. This is contained in... Read more »

The World Bank has said that Nigeria is seeing positive results from the economic reforms by President Bola Tinubu’s administration. World Bank’s lead economist, Alex Sienaert, said this during a presentation in... Read more »

The Nigerian National Petroleum Company (NNPC) Limited has denied claims that it reached an agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN), on the price of Premium Motor Spirit (PMS),... Read more »

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has outlined measures to tackle inflation and strengthen the banking sector, projecting a more resilient financial system by 2026. Addressing the... Read more »

The Nigerian foreign reserves has risen to US$39.12 billion, representing 12.74 per cent as of October 11, 2024 (last week Friday) from US$34.70 billion at the of end June 2024, the Central... Read more »

Eggs have become inaccessible for several Nigerian homes who cannot afford to pay N6000 to purchase a crate of the poultry products. The average price of a crate of eggs has hit... Read more »

The Chairman of Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said the Committee is coming up with reforms to ensure that Nigerians who are supposed to pay tax... Read more »

The Federal Government of Nigeria has generated N103.7bn in revenue from the Electronic Money Transfer Levies in the first half of 2024. According to data from the Central Bank of Nigeria’s statistical bulletin,... Read more »

Data released by the Nigerian Electricity Regulatory Commission has revealed that power generated in the country dropped in the second quarter of 2024. As of the first quarter of 2024, the country... Read more »

The Federal Government has announced that the Marketers are now permitted to directly obtain petrol from the Dangote Refinery The Federal Government has granted permission for petroleum marketers to obtain petrol directly... Read more »

Zenith Bank, one of Nigeria’s foremost financial institutions, has successfully restored full operational services across its electronic transaction channels, ensuring that customers can now enjoy seamless access to digital banking services. This... Read more »

Access Bank has announced that it will temporarily shut services for a system upgrade aimed at optimising its offerings to customers. In an email sent to its customers on Tuesday, the bank... Read more »