Business

Remove electricity subsidy – IMF advises Nigerian government

The International Monetary Fund (IMF) has stressed that the Nigerian Federal Government must do away with electricity subsidies. This was…

2 years ago

Poor electricity supply hits Southeast as EEDC exonerates self

Poor energy supply hits portions of the southeast as the Enugu Energy Distribution Company, EEDC, claims the problem is beyond…

2 years ago

All foreign currency transfer to be given in Naira – Nigerian Bank

International money transfer operators, IMTOs, will now allow international transfers using naira as the currency. This complies with the latest…

2 years ago

Naira appreciates against US dollars at forex market Friday

At the end of business on Friday, the Naira saw a minor increase in value relative to the US dollar…

2 years ago

CBN gives update on exchange rate

The exchange rate between the naira and the dollar will remain stable, according to the Central Bank of Nigeria, CBN. This…

2 years ago

NNPCL speaks on fuel price hike

Nigerians have been reassured by the Nigerian National Petroleum Company Limited (NNPCL) that the price of Premium Motor Spirit (PMS),…

2 years ago

World Bank commits over $15bn to 30 projects in Nigeria

Amid economic difficulties, the World Bank claimed that it has committed more than $15 billion to fund 30 development initiatives…

2 years ago

Cashless transactions in Nigeria hit 611.06 trillion in 2023

In 2023, Nigeria's cashless transactions reached N611.06 trillion. On Wednesday, the Nigeria Inter-Bank Settlement System made this revelation. According to…

2 years ago

FG announces commencement of ban on sackets alcoholic drinks

The federal government of Nigeria has declared that, as of February 1, 2024, alcohol produced in sachets less than 200…

2 years ago

Naira gains against US Dollar at foreign market

Against the US dollar, the Naira saw a notable increase in the Foreign Market due to the Central Bank of…

2 years ago