Nigeria’s inflation rises to 34.80% in December as CPPE calls for monetary policy adjustments
Nigeria’s inflation rate surged to 34.80 percent in December 2024 from 34.60 percent in November. This is according to the […]
African Business News
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Nigeria received N50tn from crude oil in 2024
Nigeria’s crude oil revenue rose to about N50.88 trillion in 2024, according to industrial data. Data obtained from the Nigerian
African Business News
Untamed inflation: Nigerian workers eye 50% wage increase
Nigerian workers have again demanded at least 50 percent wage increase from the President Bola Ahmed Tinubu government to cushion
African Business News
Naira appreciates against dollar on black market
The naira appreciated against the dollar at the parallel foreign exchange market on Tuesday.A Bureau de Change operator in Wuse
African Business News
CBN fines 9 banks N150m each over scarcity of cash in ATMs
The Central Bank of Nigeria, CBN, has issued fines to at least nine Deposit Money Banks for failing to ensure
African Business News
Nigeria Customs grants N1.6trn waivers in 2024
The Nigeria Customs Service has said it granted concessions totalling N1.6 trillion to several sectors of the economy in 2024
2025 budget: NHRC highlights funding constraints as over 2 million complaints strain resources
The National Human Rights Commission, NHRC, has urged the National Assembly to approve a significant increase in its 2025 budget
African Business News
Senate rejects Information Ministry’s 2025 budget, summons Minister Idris
The National Assembly has stepped down the 2025 budget for the Ministry of Information and National Orientation. Chairman, Senate Committee
BREAKING: Customs revenue increased by 90.4%, hit N6.1trn in 2024 – CG, Adeniyi
The Comptroller General of the Nigeria Customs Service, Bashir Adeniyi, said the service collected N6.1 trillion in revenue in 2024,
African Business News
Telcos, ICT firms owe Nigerian banks N1.69tn as calls, data tariffs loom
Nigeria’s information, communication, and technology firms, including telecommunications companies in Nigeria, owed deposit money banks N1.69 trillion as of September
Nigerian government announces two savings bond offers
Nigerian government through the Debt Management Office has announced two savings bond offers. The first one is a two-year bond
Depots increase petrol price in Nigeria
Major petroleum products depots in Nigeria on Monday adjusted their landing cost of premium motor spirit and other petroleum products.