Consumers slam sachet water producers, retailers as price skyrockets in Abia

Residents of Umuahia and other parts of Abia State have expressed outrage over the astronomical increase in price of sachet water, popularly known as...

Why Nigeria’s cowpeas, sesame exports face rejection in Int’l market – Okonjo- Iweala

The Director General of the World Trade Organisation, Ngozi Okonjo-Iweala, has said non-compliance with international Sanitary and Phytosanitary Measures, SPS, requirements is why Nigeria’s...

Naira Gains At Parallel Market, Trades At N1,600/$

The Nigerian currency, the naira, witnessed a notable appreciation against the US dollar in both the parallel and official sections of the foreign exchange (FX)...

Nigerian govt witness admits Emefiele didn’t confer corrupt advantage on himself

Michael Agboro, a Federal Government witness in the trial of former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on corruption charges...

Ramadan: Kano traders lament low sales

As the Muslim holy month of Ramadan starts, traders in Kano have continued to lament poor patronage by customers. Some of the traders who spoke to NAN...

Bitcoin hits fresh record above $71,000

Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut...

Nigeria’s foreign portfolio inflows hit $2.3bn in two months – CBN

The Central Bank of Nigeria says foreign portfolio inflow into Nigeria surged $2.3 billion in the first two months of 2024 compared to $3.9...

Reps to go after 5,000 companies owing Nigerian Govt N5.2 trillion in unpaid taxes

The House of Representatives has mandated its committees to investigate the non-remittance of N5 trillion to the Federal Government by some businesses operating in...

Submit returns or face sanctions – CBN warns mortgage banks, MFBs, DFIs

The Central Bank of Nigeria has threatened to sanction all primary mortgage banks, Microfinance Banks and Development Finance Institutions in the country regarding the...

Minimum wage: NLC seeks ‘market hearing’ on prices of food

The Nigeria Labour Congress, NLC, has called for “Market Hearing” on prices of food to enable the minimum wage committee to arrive at a...

No longer poor man’s food: Price of Garri surges by 105% in Nigeria

The price of garri, a popular staple food in Nigeria, has increased by 108 per cent in three months, reaching a record high as...

Prices Of Dangote, BUA, Lafarge, Other Cement After Meeting With FG

Major cement manufacturers including Dangote, BUA, and Lafarge, in a development aimed at alleviating the burden on Nigerian consumers have agreed to reduce the price...

Despite NLNG ‘Supply Increase’, Cooking Gas Price Soars, Scarcity Looms

Despite the Nigeria Liquified Natural Gas (NLNG) Limited confirmation that it supplies 1.5 million metric tons of LPG to the Nigerian domestic market, many...

Dangote plans London trading firm for Lagos refinery -Report

President of Dangote Group, Aliko Dangote, is planning to set up an oil trading firm that would be based in London as part of...

Binance ends services in naira

Cryptocurrency exchange, Binance, has announced plans to discontinue all services related to the Nigerian naira. Binance, a cryptocurrency exchange platform, was accused of exploiting the...

N4bn COVID-19 grant: Airlines owe nobody money, United Airlines CEO replies Reps

The Chief Executive Officer, United Nigeria Airlines, Obiora Okonkwo, has refuted allegations of indebtedness to the Federal Government regarding the repayment of COVID-19 grants. Okonkwo...

BREAKING: Binance to depart Nigerian market, ends services in local currency

Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert...

Enugu seals ShopRite, SPAR malls over tax evasion

The Enugu State Internal Revenue Service has sealed Enugu ShopRite and SPAR over non-remittances of purchase tax in their malls to the government. In a...

Why we couldn’t sustain selling cement for N3,500 – BUA

BUA Cement has revealed why it failed in its initial plan to sell the commodity for a fixed price of N3,500 per 50kg bag...

Regulatory breaches: Bank of Ghana suspends Nigerian bank’s FX trading license

The Bank of Ghana has suspended the foreign exchange, FX, trading licenses of First Bank of Nigeria, FBN, over alleged fraudulent documentation during operations. In...