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Nigeria’s inflation rate may be among world’s highest in 2022 – World Bank

The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of...

NGX resumes after Christmas break with N238bn Loss

The Nigerian stock market resumed trading on Wednesday after the Christmas holidays with a loss of N238 billion due to profit taking.Specifically, the market...

Review Forex ban on 40 items to save Naira, Economists tell CBN

The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on...

Oil exports to drop as Shell declares force majeure on Nigerian Forcados crude

Shell Petroleum Development Company of Nigeria (SPDC) says it has declared force majeure on exports of Nigerian Forcados crude oil after a malfunctioning barge...

Naira gains, exchanges for N565/$1 at parallel market

The Nigerian naira gained marginally against the US dollar at the parallel market to trade at N565 per dollar.This figure is N5 or 0.9...

NCAA Shuts Down Glo Abuja Base Station Over N4.5bn Debt

The Nigerian Civil Aviation Authority (NCAA) has shut down Globacom (Glo) facility in Wuse 2 Abuja over a N4.7bn debt.The exercise was led by...

We are not recruiting or organizing a contest – NNPC

The Nigerian National Petroleum Company Limited (NNPC) has debunked claims of organising an anniversary contest and recruitment. NNPC spokesperson, Garba Deen Muhammad stated that...

FG Reinstates Emirates’ 21 Weekly Flights

The Federal Government has finally reinstated Emirates Airline’s 21 frequencies to Nigeria.This was contained in a letter signed by the Director-General of the Nigeria...

IMF Approves Final Round Of Debt Relief For Poor Countries

The IMF said Monday it had approved the fifth and final round of debt relief under a program meant to help the world’s poorest...

Niger, Togo, Benin failed to pay FG N770m electricity bill in Q2 2021 – NERC

The Nigerian Electricity Regulatory Commission (NERC) says the Republic of Benin, Niger Republic, Togo made no payment for the electricity supplied to them from...

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