The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year. This happened despite... Read more »
There is a growing concern among workers as the Central Bank of Nigeria, CBN, commenced the decongestion of its head office in Abuja, affecting 1,533 staff. A circular dated January 12, 2024,... Read more »
Shell Plc has reached an agreement to sell its Nigerian onshore oil assets to a local consortium for over $1.3 billion, pending government approval. Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich,... Read more »
Telecommunications Group, Vodafone, has signed a deal with Microsoft involving a $1.5 billion investment in AI and cloud services to boost adoption in Africa. In the deal announced on Tuesday, Vodafone will... Read more »
The naira yesterday fell to N1,350 per dollar in the parallel market from N1,295 per dollar on Tuesday.However, the naira depreciated to N931.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM).... Read more »
The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters nationwide following an independent forensic review conducted by a reputable firm to investigate forex exchange issues in the... Read more »
Regulations Agency NCC have resolved the tariff imbroglio between MTN and Globacom This was a statement issued by the NCC on the matter Re: PRE-DISCONNECTION NOTICE 1. On January 8, 2024 the... Read more »
In the wake of Nigeria’s persistently turbulent forex crisis, manufacturers are projecting imminent price hikes for commodities in response to the Naira’s continuous decline against the US dollar. Francis Meshioye, the President... Read more »
The Federal Government of Nigeria said it is working towards reducing the cost of transportation by over 50 per cent. The Minister of Information and National Orientation, Mohammed Idris said this when... Read more »
The President of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA), Otunba Oye, has called on the Central Bank of Nigeria (CBN), to immediately investigate and prosecute those... Read more »