Business
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CBN Reports $4.22bn in Diaspora Remittances for 2024
The Central Bank of Nigeria (CBN) has revealed that diaspora remittances processed through International Money Transfer Operators (IMTOs) surged to…
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Cash Scarcity: OPS Faults CBN’s Limit on POS Withdrawals
The Organised Private Sector has expressed opposition to the Central Bank of Nigeria’s (CBN) decision to impose a limit on…
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Côte d’Ivoire Seeks Bigger Share of Booming Mining Industry
Côte d’Ivoire’s mining industry is booming, driven by foreign investment and the discovery of new deposits, but the country now…
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Dangote Slashes Petrol Price to ₦899 Per Litre Ahead of Christmas, New Year Holiday
Dangote Petroleum Refinery says it has reduced the price of its petrol to N899.50K per litre to provide relief for…
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CBN sets daily withdrawal limit on POS to N100k per customer
The Central Bank of Nigeria (CBN) has introduced a new measure that imposes a daily withdrawal limit of N100,000 per customer on Point-of-Sale (PoS) transactions. This…
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2025 Budget Will Reduce Inflation to 15%, Bring Down Dollar to N1,500 – Tinubu
President Bola Tinubu has announced that the 2025 budget aims to reduce inflation from its current rate of 34.6% to…
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Keyamo Promises to Push for Passage of Fly Nigeria Act, Aims to Boost Domestic Airlines
The Minister of Aviation and Aerospace Development, Festus Keyamo, has vowed that the Fly Nigeria Act will finally be enacted into law during his…
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Nigeria’s Electricity Subsidies Rise to N199.64 Billion in December 2024 Amid Inflation and Exchange Rate Pressures
Nigeria’s electricity subsidies have seen a notable increase, rising to N199.64 billion in December 2024, according to newly released data from the Nigerian Electricity…
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Mobile subscription growth rebounds after NCC purge
Mobile subscriptions in Nigeria saw a recovery in October 2024, reaching 157.32 million, following several months of decline. This rebound…
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Nigerians Paid N2.23tn as Ransom in 12 Months – NBS Report
A report by the National Bureau of Statistics (NBS) has revealed that Nigerians paid an estimated N2.23 trillion as ransom…
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