ABCON Urges CBN to Ban Non-Oil Exporters from Official FX Market
The Association of Bureau De Change Operators of Nigeria, ABCON, has called on the Central Bank of Nigeria, CBN, to […]
African Business News
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Nigeria’s Inflation Rate to Rise to 32.65% in March 2024, CAPE Economic Research Report
Nigeria’s Inflation Rate Set to Rise in March 2024 As Nigeria braces for the release of its inflation rate for
African Business News
CBN Excludes Banks’ Retained Earnings in New Capital Requirement for Financial System Strengthening
The Central Bank of Nigeria (CBN) has made a bold move to strengthen the country’s financial system by increasing the
Minister Umahi Clarifies Lagos-Calabar Coastal Highway Cost at N4bn/km
Minister of Works, David Umahi, has clarified the cost of the Lagos-Calabar coastal highway project, refuting claims made by former
Nigeria’s Electricity Supply Surges by 14.64% in Q4 2023, Minister Blames Gas Constraints
Nigeria’s electricity supply saw a significant increase of 14.64% in the fourth quarter of 2023 compared to the previous year,
NESI Reports Decrease in Unmetered Electricity Customers in Q4 2023
In the Nigerian electricity supply industry, the number of unmetered electricity customers has decreased to 5.83 million in the fourth
Federal Government to Save N1.5tn with Electricity Tariff Adjustment
The Federal Government of Nigeria has recently made significant changes to the electricity tariff structure in an effort to improve
Global Financial Stability Report: IMF Warns of $12 Billion Cyberattack Losses
The International Monetary Fund (IMF) has recently released a startling report revealing that financial institutions worldwide have suffered staggering losses
Leveraging Nigeria’s Abundant Gas Reserves for Economic Growth
The CEO of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, emphasized the vital role of natural gas in
US Inflation Rises to 3.5% in March, Fueling Concerns Over Interest Rates
The latest inflation figures from the United States have shown a significant increase, with the rate rising to 3.5 per
Kaduna Electric Launches Rapid Response Teams for Band A Feeder Downtime
Kaduna Electric, a leading electricity distribution company in Nigeria, has taken proactive measures to ensure uninterrupted power supply to its
Alphabet Hits Record High: Google’s Stock Soars to $1.95 Trillion
Alphabet, the parent company of Google, reached a historic milestone on Tuesday as its market value soared to a record