More misery for Nigerians as food inflation rises 40.66%
Economic hardship in Nigeria has worsened as the country’s food inflation increased to 40.66 percent in May 2024 from 24.82...
Business
Nigeria’s inflation rises to 33.95% in May
Nigeria’s headline inflation rose for the 17th time to 33.95 per cent in May 2024 from 33.69 per cent in...
FirstBank Partners IWS To Empower Women
First Bank of Nigeria Limited has partnered with the International Women’s Society (IWS) to empower over 250 widows, in commemoration...
World Bank approves $2.25bn loan for Nigeria
Wale Edun, the minister of finance and coordinating minister of the economy, has announced the approval of two major “financial...
It’s false – NNPC clears air on N3.3trn subsidy inflation
The Nigerian National Petroleum Company Limited, NNPC Ltd, has expressed dismay over reports alleging that it inflated subsidy claims by...
FX devaluation gain contributes N4.23tn to FAAC revenue in 12-month
Nigeria’s foreign exchange devaluation gain has contributed N4.23 trillion to the Federation Account Allocation Committee revenue for the last twelve...
Nigeria’s foreign trade hits N31.810bn in Q1 2024
Nigeria’s foreign trade, including imports and exports, increased to N31.810.56 billion in the first quarter of 2024. The National...
Binance made over $20bn in 2023 yet paid zero tax – Nigerian govt
The Nigerian government has said the turnover of Binance, a cryptocurrency platform, surpassed $20 billion from activities in Nigeria, yet...
Naira crisis: Nigeria’s forex transactions drop by 42.92%
Nigeria’s foreign exchange turnover transaction dropped by 42.92 percent amid the continued fluctuations of the Naira against the dollar. ...
Zenith Bank retains ‘Most Sustainable Bank’ award
Zenith Bank Plc has been named the “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, retaining the...
