Business

Why Nigerians lost faith in Naira – Finance Minister, Edun

According to Finance Minister Wale Edun, Nigerians save in US dollars because they no longer trust the Naira. He pointed…

10 months ago

TCN reveals why the national grid collapsed

The national grid collapsed on Monday due to a fire incident, according to the Transmission Company of Nigeria, or TCN.…

10 months ago

Nigerian govt urges citizens to report draconian price increases

The Federal Competition and Consumer Protection Commission, FCCPC, encourages Nigerians to report arbitrary price increases, emphasising its commitment to taking…

11 months ago

Naira appreciates by N60 against dollar after Eid-el-fitr holidays

On suspicion of organising an Islamist-motivated terror attack, three teenagers have been arrested by the police in Germany. Two girls…

11 months ago

Libya displaces Nigeria as largest crude oil producer in Africa – OPEC

The largest producer of crude oil in Africa, Nigeria, was displaced in March by Libya. The Organisation of Petroleum Exporting…

11 months ago

Google’s stock hits all-time high of $1.95trn

On Tuesday, Alphabet, Google’s parent company, rocketed to $1.95 trillion, its highest-ever share price. Data from Google’s performance in the…

11 months ago

Nigeria, other African countries’ economies to grow by 3.4% – World Bank

According to World Bank projections, the growth rate of Nigerian and other African economies is expected to climb from 2.6%…

11 months ago

Naira appreciation: CBN begins sale of dollars to BDCs at N1,101

To further increase Naira's appreciation in the foreign exchange market, the Central Bank of Nigeria, CBN, has started another tranche…

11 months ago

What CBN should do to crash FX rate to N1000 per dollar – Aja

Financial expert Kalu Aja has urged the Central Bank of Nigeria to sell the Naira at a rate of N1000…

11 months ago

Electricity tariff hike: NERC issues fresh directives to Discos

In response to the recent tariff increase, the Nigerian Electricity Regulatory Commission, or NERC, has sent five more directions to…

11 months ago