NICA Urges Lower Interest Rates for SMEs in Nigeria Amid Economic Hardship
The National Institute of Credit Administration (NICA) has sounded the alarm on the devastating impact of high interest rates on […]
African Business News
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House of Representatives Urges TCN to Restore Power in Yenagoa, Bayelsa State
The House of Representatives has issued a pressing directive to the Transmission Company of Nigeria to address the ongoing power
Naira Appreciates as USD Turnover Surges to $122.18 Million, Foreign Reserves at $34.33 Billion
The foreign exchange market in Nigeria saw a significant uptick in US dollar turnover transactions, with a 21% increase to
Nigerian Government Demands Binance User Info Amid Naira Fluctuation Stand-Off
The Nigerian government is currently in a heated standoff with cryptocurrency exchange Binance, demanding detailed information on its top users
CBN Raises Customs Exchange Rate to N1.624.732/USD Amid Naira Crisis
The Central Bank of Nigeria has once again adjusted the exchange rate for calculating Customs duties at the country’s seaports,
CBN Treasury Bills Auction: Rates Expected to Hold Steady
The Central Bank of Nigeria recently kicked off a Treasury Bills Primary Market Auction, signaling the start of a new
Nigeria’s Crude Oil Production Drops to 1.32mbpd in February 2024, Impacting Budget Implementation
Nigeria, known for its significant crude oil production, experienced a decline in output for the second consecutive month in February
Seun Onigbinde of BudgIT Discusses N3.7trn Missing from 2024 Budget
Seun Onigbinde, the Co-Founder of civic group BudgIT, recently addressed the concerns raised by Senator Abdul Ningi regarding the lack
Neveah Limited Boosts Employee Salaries by 44% Amid Economic Hardship
Neveah Limited, an indigenous commodities export company, has made a significant announcement that is sure to make a positive impact
Nigeria’s Pension Fund Assets Surge to N19.53 Trillion in January 2023
Nigeria’s pension fund assets have seen a significant increase, reaching N19.53 trillion by January 31, up from N18.36 trillion at
KEDCO Raises Alarm Over Power Shortfall Plunging Kano into Darkness
Kano, a bustling state in Nigeria, is currently facing a major crisis – a severe shortage of power supply. The
Kaduna Electricity Workers Demand Justice, Threaten License Seizure
Workers at Kaduna Electricity Distribution Company have taken a stand against alleged injustices and industrial disputes, leading to a withdrawal