Nigeria’s inflation rate hits 33.95%
The nation’s headline inflation rate has risen for the 18th straight month in May, 2024, to 33.95 percent, relative to…
Business
Tinubu appoints new DG for BPE
President Bola Tinubu has approved the appointment of Mr. Ayodeji Ariyo Gbeleyi as the Director-General of the Bureau of Public…
Naira depreciates by 0.17% against dollar at official market
The Naira on Thursday slightly depreciated at the official market trading at N1476.24 to the dollar. Data from the official…
Naira appreciates further by 0.67% against dollar at official market
The Naira on Tuesday further appreciated at the official market trading at N1,473.66 to the dollar. Data from the official…
FG, states, lgs share N1.14trn May 2024 allocation
The Federal Government, States and Local Government Councils in the country have shared a total of N1,143.210 billion as the…
Why Dangote Refinery can’t get enough crude supply from IOCs in Nigeria – LCCI
The Director-General of Lagos State Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona has blamed insufficient supply of crude…
NDIC vows to recover N700bn from Heritage Bank debtors – MD
The Nigerian Deposit Insurance Corporation (NDIC) on Wednesday vowed to recover over N700 billion loan owed by debtors of the…
CBN denies plans to revoke licences of 3 additional banks
The Central Bank of Nigeria (CBN) has said that it has no plans to withdraw the licenses of three additional…
CBN revokes Heritage Bank licence for poor financial performance
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank PLC with immediate effect. The apex bank…
Fuel scarcity imminent as NUPENG directs members to join nationwide strike
The Nigeria Union of Petroleum and Natural Gas Workers has directed its members to comply with the directive of the…