Business

FG to commence new regulation for digital money lenders in 2024

The Federal Government has declared its intention to enact new regulations for DMLs, or digital money lenders, also referred to…

1 year ago

50% transport discount: FG gives update on implementation

According to information released by the Federal Government, 128 Nigerians profited from a 50% reduction in transportation costs during the…

1 year ago

‘My policies will bring succour’ – Tinubu tells Nigerians ahead of Christmas

President Bola Tinubu has reassured all Nigerians that the measures of his administration will provide relief. President Tinubu said this…

1 year ago

Federal Govt announces date to unveil new minimum wage for workers

The federal government of Nigeria has declared that starting in 2024, workers would be entitled to a new minimum wage.…

1 year ago

Naira scarcity: CBN reveals those hoarding banknotes

A few days before Christmas, the Central Bank of Nigeria, CBN, warned Point-of-Sale operators and Deposit Money Banks not to…

1 year ago

Naira gains on the black market but falls at the official window

The Nigerian Naira saw a small decline in value relative to the US dollar in the official Nigerian Autonomous Foreign…

1 year ago

Nigeria’s unemployment rate rose to 4.2% in Q2 2023 – NBS

According to the National Bureau of Statistics (NBS), Nigeria's unemployment rate increased from 4.1% in Q1 2023 to 4.2% in…

1 year ago

Bread prices to rise by 20% in January 2024 – Nigerian bakers

Again, due to economic hardship, bread prices in Nigeria are expected to rise by 15% to 20% in January 2024.…

1 year ago

NGX records marginal gains as investors wind up for yuletide

The week began well for trading at the Nigerian Stock Exchange Limited, with the All-Share Index closing at 72,404.91 points,…

1 year ago

Fears about banks’ declining deposit levels rise as Naira becomes scarce

Due to a lack of cash, the Standing Deposit Facility of Nigerian banks decreased by 18%, from N2.94 trillion in…

1 year ago