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Business and Economy
Naira Records Appreciation to N746.28/$ in I&E Window
In a positive development, the naira experienced an appreciation in the Investors and Exporters (I&E) window, reaching N746.28 per dollar. According to data obtained...
CBN: e-Naira not intended as competition for banks
The Central Bank of Nigeria (CBN) has clarified that its e-Naira initiative is not aimed at competing with the digital payment services offered by...
Engineering maverick defies norms, builds world’s first transparent house amidst landlord feud
In a jaw-dropping display of innovation and defiance, Engineer Titus from the town of Numan has transformed the very concept of home construction. Titus,...
Q1 2023 records no capital importation in 28 states
According to a report by the National Bureau of Statistics (NBS), only nine states in Nigeria received capital importation between January and March 2023....
Customs prepares for the implementation of a new Customs Act
The Acting Comptroller-General of Customs, Mr. Adewale Adeniyi, emphasizes the effective implementation of the new Nigeria Customs Service Act 2023 after conducting necessary public...
NACCIMA Welcomes Tinubu’s Intervention on Taxes, Easing Burden on Nigerian Businesses
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has expressed its support for the suspension of the five percent Excise...
Nigerian Insurers Send Over 70% of Oil & Gas Business Abroad in Q1 2023
According to the National Insurance Commission (NAICOM) first-quarter report, Nigerian insurers transferred a significant 74.8% of their income generated from oil and gas businesses...
Telecoms Investment in Nigeria now $75.6bn, Danbatta declares
As sector added N10.126 trillion to GDP in 2022The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has...
Sterling Bank Launches ‘One-Woman Saver’ Account to Empower Market Women
Sterling Bank Plc has unveiled a new savings account product called 'One-Woman Saver' specifically designed for market women and traders. The account offers easy...
Foreign exchange turnover in the Investors and Exporters (I&E) window experienced a 35% decline to reach $13.11 billion in the first half of 2023...
The foreign exchange segment of the Nigerian economy experienced a downward trend in the first half of 2023, with a 35% year-on-year decline in...
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