Business
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The Central Bank of Nigeria has released the Consolidated Financial Statements for the last seven years, making it the first time since 2015 that the apex bank will be making its book available for public scrutiny. The Consolidated Financial Statements, which were released by the CBN, are for 2016, 2017, 2018, 2019, 2020, 2021 and […]
The World Bank has halted approval for new public finance projects in Uganda over the country’s adoption earlier this year of a widely criticised bill criminalising same-sex conduct. “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values,” the development lender said in a statement Tuesday, adding that “no new public financing,” would be […]
The Central Bank of Nigeria has said the country’s inflation rate is better compared to most African nations. The acting Governor of the CBN, Folashodun Shonubi, stated this on Tuesday at the 2023 Zenith Bank International Trade Seminar. Shonubi, who was represented by the Deputy Governor, Economic Policy at the CBN, Kingsley Obiorah, said there […]
Google has partnered with Verve to make digital transactions on Google Play Store easier for Nigerians. The firm noted that as from Wednesday (today), Nigerians can now use their Verve cards to make purchases on the Google Play Store. It stated that under its new partnership, Google will process Verve transactions within Nigeria […]
The Federal Government, through the Federal Competition and Consumer Protection Commission, will begin to roll out sanctions against members of trade associations guilty of anti-competitive practices, indiscriminate and irrational hike of food prices. Chief Executive Officer of the FCCPC, Babatunde Irukera, said this on Tuesday during a forum organised by the commission to discuss […]
A group of Point of Sales operators in Nigeria have protested against the increased service charges in the country which took effect on Monday. The Association of Mobile Money and Bank Agents in Nigeria announced new service charges for operators in June. The association had said the increase in service charges was to ensure Point […]
Nigeria’s headline inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023, according to data by the National Bureau of Statistics released Monday. The inflation rate in Africa’s biggest economy rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the […]
The President of the Pan-African Conglomerate, the Dangote Group, Aliko Dangote, has again been ranked as the richest man in Africa for 12 years, according to Forbes. This was disclosed in a statement on Tuesday titled ‘Forbes 2023 Index: Dangote Still Africa’s richest for 12th consecutive year’. It stated that Dangote, whose business […]
Unknown persons have allegedly carted away the recently reinstalled airfield lighting systems at the domestic runway 18/36L of Murtala Muhammad Airport. It was gathered that the disappearance of the approach lighting systems had raised security concerns in Nigeria’s busiest airports. According to a source who spoke on condition of anonymity, those who carted away […]
Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit […]
