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Business and Economy

CBN Increases Interest Rate To 18.75%

The Central Bank of Nigeria’s Monetary Policy Committee has moderately hiked monetary policy rates to 18.75 per cent.The acting Governor of the Central Bank...

NNPCL Assures: N1.3tn Subsidy Debt Won’t Impact Dividend

By Daniel EduThe Nigerian National Petroleum Company Limited (NNPCL) clarified on Thursday that the Federal Government's outstanding N1.3tn debt to the company would not...

Naira to Dollar Black Market Rate on 25th July 2023

By Daniel EduToday, 25th July 2023, the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx),...

BBNaija All-Stars: ‘Believe Celebrities At Your Own Risk’

By Daniel EduFormer Big Brother Naija 'Shine Ya Eye' Housemate, Christy O, has shared her thoughts on the unveiling of the 'All-Stars' Housemates.Selected housemates...

Naira to Dollar Black Market Rate Today – 24th July 2023

By Daniel EduThe current exchange rate for the Dollar to Naira in the black market, also known as the parallel market or Aboki fx,...

Opportunities Abound for Cereal Crops Farmers This Rainy Season in Nigeria

By Daniel EduFarming in Nigeria has witnessed a positive transformation in recent years, becoming a lucrative venture that offers job opportunities and entrepreneurial prospects....

Investing in a Fruit Sales Business: A Lucrative Opportunity

By Daniel EduThe fruit business in Nigeria is a highly profitable venture that has supported numerous families in sustaining their household incomes. While it...

Nigeria’s Electricity Generation Drops 16%: DISCOs Implement Load Shedding

NERC Reviews Rates for Electricity Distribution Companies Amid Challenging Conditions"Nigeria experienced a significant 16.4% week-on-week drop in electricity generation, bringing it down to 3,501.20...

Nigeria’s Electricity Generation Drops 16% to 3,501 MW, DISCOs Implement Load Shedding

Electricity generation in Nigeria experienced a significant decline, decreasing by 16.4% to 3,501.20 megawatts (MW) from the previous week's 4,187.6 MW. As a consequence,...

Oil Marketers Explain Fuel Price Increase Due to Exchange Rate and Global Market Factors

The Major Oil Marketers Association of Nigeria (MOMAN) has shed light on the recent fuel price increase, attributing it to key market realities and...

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