CBN Fines Nine Banks N1.35bn Over Cash Scarcity in ATMs During Festive Season
The Central Bank of Nigeria (CBN) has penalized nine Deposit Money Banks a total of N1.35 billion for failing...
NigeriaEconomy
Border Closure a Farce Amid Rampant Cross-Border Smuggling – NASS
Nigeria’s National Assembly has criticized the effectiveness of the country’s border closure policy, citing rampant cross-border banditry and smuggling...
Nigeria’s Economy Expands by 3.46% in Q3 2024 Amid Falling Inflation and Oil Sector Gains
Nigeria’s economy grew by 3.46% in the third quarter of 2024, with total output reaching ₦20.115 trillion, up from...
Dangote Refinery Cuts Petrol Price to ₦899.50 Per Litre, Introduces Holiday Incentives
Dangote Petroleum Refinery has announced a new reduction in the ex-depot price of premium motor spirit (PMS), bringing the...
Tinubu Unveils N47.96 Trillion 2025 Budget, Targets Prosperity and Economic Growth
President Bola Tinubu on Wednesday presented a N47.96 trillion national budget for 2025 to a joint session of the...
Nigeria’s Inflation Rate Soars to 34.60% in November, Deepening Economic Hardship
Nigeria’s inflation rate surged to 34.60% in November 2024, up from 33.88% in October, signaling heightened economic hardship for...
Sowunmi Blames Tinubu’s Appointments for Pushback Against Tax Reform Bills
Segun Sowunmi, a chieftain of the Peoples Democratic Party (PDP), has criticized President Bola Tinubu’s administration for the widespread...
Naira Gains N127 Against Dollar as External Reserves Hit $40bn, CBN Intervenes
The Centre for Promotion of Private Enterprise (CPPE) has attributed the recent massive appreciation of the Naira against the...
Tinubu’s Foreign Travels Yield Practical Gains, Unlike Past Administrations – Shehu Sani
Former Senator Shehu Sani has lauded President Bola Tinubu’s international trips, describing them as impactful and economically beneficial compared...
FG Begins N50 Levy Deduction on Transactions Over N10,000 via Fintech Platforms
The Federal Government of Nigeria has commenced the deduction of a N50 levy on electronic money transfers of ₦10,000...
Kanayo O Kanayo Defends Davido’s Remarks on Nigeria’s Economy, Urges Critics to Focus on Progress
Veteran Nollywood actor Kanayo O Kanayo has weighed in on the ongoing backlash against singer Davido over his comments...
Davido Faces Backlash, Alleges Threats to Cancel December Lagos Concert Over Economy Remarks
Nigerian music star Davido has revealed that his Lagos concert slated for December might be under threat following his...
NNPCL Announces New Port Harcourt Refinery to Begin Operations by Mid-2025
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the new 150,000 barrels per day Port Harcourt Refining...
BREAKING: CBN Increases Nigeria’s Interest Rate to 27.50% Amid Rising Inflation
The Central Bank of Nigeria (CBN) has raised the country’s Monetary Policy Rate (MPR) by 25 basis points, moving...
Port Harcourt Refinery Begins Operations, Set to Load 200 Trucks of Petroleum Products Daily
The Port Harcourt Refinery has officially commenced operations, a development hailed as a significant step toward addressing Nigeria’s energy...
Joe Igbokwe Criticizes Davido Over ‘Economy in Shambles’ Comment, Demands Retraction
APC chieftain Joe Igbokwe has called out Nigerian music star Davido for his recent remarks about the state of...