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Imports of petroleum products, wheat, and sugar dominate the charts.
Despite the petroleum product scarcity that Nigerians faced in the first quarter of 2023 (Q1'23), fuel remained at the top of the import chart...
Airfares Surge as Exchange Rate Reaches N702/$
Airfares for flights from Nigeria to various international destinations, including Europe, North America, and the Middle East, have experienced a significant increase due to...
Naira Weakened to 770.38/$ at Official Market
The Nigerian naira experienced a further decline against the US dollar, closing at 770.38/$ at the end of trading on the investor and exporter...
Naira Falls To N770/Dollar At Official Market
The Naira on Monday, June 19, closed at N770 per dollar at the investors and exporters (I&E) window.FMDQ Securities Exchange Limited said Monday's closing...
CBN Directs Banks to Grant Free Access to Domiciliary Account Funds
The Central Bank of Nigeria (CBN) has issued a directive to banks, instructing them to allow customers unrestricted access to funds in their domiciliary...
CBN Lifts Restrictions On Domiciliary Account Transactions
The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts.In a statement by the CBN on Sunday, the new regulation allowed...
Manufacturers in Nigeria Experience Annual Loss of N10.1tn due to Power Crisis
The Manufacturers Association of Nigeria (MAN) has revealed that the country's persistent electricity shortage poses a significant obstacle to the profitability of manufacturers, resulting...
Nigeria’s Inflation Rate Hits 22.41% As Price Of Goods Increase
Nigeria's inflation has risen to 22.41%, a new record high of close to two decades.A report released by the National Bureau of Statistics on...
NCC targets 27 million Nigerians without telecom access
The Nigerian Communications Commission (NCC) has announced its commitment to expanding telecommunication services to the 27 million Nigerians currently without access to telecoms. Through...
Sanlam partners with aYo Holdings to transform insurance in Nigeria.
Sanlam, a global insurer, has formed a partnership with microinsurance fintech company, aYo Holdings, to revolutionize the insurance sector in Nigeria. The collaboration aims...
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