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BusinessFinance
CBN Discovers False 2.4 billion FX Backlog
In a recent interview with Arise Television, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso disclosed that 2.4 billion of the $7 billion...
News
Minna Residents Protest, Say They can’t Even Feed Once a Day
Residents of Minna, Niger State, took to the streets on Monday to voice their frustrations over the escalating cost of living. The impassionate...
BusinessNews
Nigeria’s Electricity Grid Collapses Again
Nigeria faced yet another electricity grid collapse on Sunday, plunging several cities, including the capital Abuja, into darkness. The Abuja Electricity Distribution Company...
BusinessLife-Style
Apple’s Vision Pro: Magic or a Mirage?
The Apple Vision Pro made its debut in US Apple stores on Friday, marking the tech giant’s first major release since the Apple...
BusinessFinance
CBN’s Recent Effort to Stabilize Nigeria’s Volatile Exchange Rate: a Policy Overload?
“CBN bans banks and Fintechs from International Money Transfers” “CBN mulls the conversion of 30bn domiciliary accounts to Naira” “CBN hikes import duty...
BusinessNews
In 24 hours, CBN increased Import Duty by another 4.4%
The Central Bank of Nigeria (CBN) has raised import duty rates by 4.4 percent within 24 hours, causing uproar among importers and Customs...
BusinessNews
CBN Denies Plan To Convert $30bn Domiciliary Deposits To Naira
The Central Bank of Nigeria (CBN) has refuted claims about converting the $30 billion in domiciliary bank deposits to local currency. In a...
BusinessNews
Just In: Customs Approves 43% Increase in Import Duty
The Central Bank of Nigeria (CBN) has given the nod to a significant 43% hike in import duty rates, making it the fourth...
BusinessFinanceNews
“Women’s thirst for lace wigs devalue the naira”- AriseTV’s Rotus
Rotus, a broadcaster, has alleged that Nigerian women are partly responsible for the devaluation of the naira due to their thirst for lace...
BusinessNews
Naira Hits All-time Low at N1482.57/$ in Official Market
The naira has experienced significant decline, reaching a new all-time low in the official Investor and Exporter window of the foreign exchange market....
BusinessNews
IMF Downgrade Nigeria’s 2024 Economic Growth Forecast to 3%
The International Monetary Fund (IMF) has revised Nigeria’s economic growth projection for 2024, lowering it from 3.1% to 3%. This update was included...
BusinessNews
Jagabanomics: PwC says Tinubu’s monetary policies devalued naira by 98%
PwC has reported that Tinubu’s monetary policies devalued the naira by a whooping 98%. PricewaterhouseCoopers (PwC) is one of the largest professional services...