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Business and Economy
Undersea cable cuts distorts data connectivity in Nigeria, African countries- NCC
By Joyce Remi-BabayejuThe Nigeria Communication Commission, NCC, has alerted that the current data and fixed telecoms, (voice) distortions experienced in Nigeria, Ghana, Senegal, Cote...
Soaring Energy Costs Strangle Businesses in Nigeria, Leading to a 41.5% YoY Surge in Expenditure
By Milcah TanimuThe escalating costs of energy are squeezing major companies in Nigeria, with expenditures on power generation and utilization reaching...
JUST IN: Bitcoin hits fresh record above $71,000
Bitcoin soared to a new all-time high above $71,000 on Monday, fueled by growing demand for the cryptocurrency and optimism surrounding potential interest rate...
Launch of FCT- IRS e-portal will enhance efficiency
By Joyce Remi-BabayejuThe Federal Capital Territory, FCT-, Internal Revenue Service, FCT- IRS, Executive Chairman, Haruna Abdullahi has said that the launch of...
Price Of Food Items gradually Dropping In Kano Markets-Investigation
By Jabiru Hassan, KanoThe price of consumables at Kano local markets is gradually dropping as monitored by our correspondent who visited some local...
Naira Shows Slight Improvement, Hits N1,609/$ at Official Market
The Nigerian naira experienced a modest uptick against the US dollar, reaching N1,609 on Wednesday at the official market, compared to the previous day's...
Equity Investors Face N700 Billion Loss Following MPC Interest Rate Hike
By Daniel EduThe Nigerian Exchange Group (NGX) witnessed a substantial sell-off, resulting in a 1.27% decline in the All-Share Index on Wednesday. This follows...
JUST IN: CBN Initiates Dollar Sales to BDCs
The Central Bank of Nigeria (CBN) has announced the commencement of foreign exchange sales to eligible Bureau De Change (BDC) operators across the nation,...
**CBN Injects Over $300 Million to Stabilize Naira**
By Daniel EduThe Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks (DMBs) in the past two weeks in...
**CBN Limits Dollar Purchase from BDCs, Sets New Guidelines**
By Daniel EduThe Central Bank of Nigeria (CBN) has introduced new guidelines for Bureau De Change (BDC) operations, limiting the amount of foreign exchange...
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