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Increase in petrol price will push more Nigerians into poverty – Abdulsalami

Abdulsalami Abubakar, former head of state, says an increase in the price of petrol will push more Nigerians into poverty.Abubakar spoke at the 19th...

Naira depreciates as banks shift BTA/PTA rates to N419 per Dollar

The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from...

BREAKING: Nigeria’s inflation rate rises to 15.63%

The consumer price index, which measures the rate of increase in the price of goods and services, increased to 15.63 percent in December 2021.The...

Court restores GTBank’s appeal against Innoson Motors on N2.4bn judgment debt

The Supreme Court has reversed its earlier decision which dismissed an appeal by Guaranty Trust Bank (GTB) against a N2.4 billion judgment given in...

Standard Chartered to shut half of branches in Nigeria

Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as...

Naira exchange rate for Tuesday morning, January 11

The Naira exchange rate in the parallel market for Tuesday morning, January 11, 2022, as confirmed by Bureau De Change operators in Abuja, is...

Binance CEO, CZ who was a ‘salary earner’ 6 years ago, now 4 times richer than Dangote

Changpeng Zhao, the CEO of Binance has risen to the ranks of the world’s wealthiest people. The 44 years old cryptocurrency pioneer, has reportedly...

Global Oil demand 2021 Pegs at 96.5 mb/d, 100.6 mb/d in 2022 – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says World total oil demand in 2021 is pegged at 96.5 million barrel per day (mb/d(...

Stock Market Gains N1.33trn in First Trading Week

The Nigerian Exchange Limited (NGX) kicked off the first trading week of 2022 on a positive note as its market capitalisation gained N1.33 trillion....

FG imposes N10 per liter tax on carbonated drinks, to control diabetes, obesity, and other diseases

Nigeria’s Federal Government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages.She argued that N10 tax...

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