During an extensive search in the Niger Delta region, troops have discovered an astounding 102 dugout wells that are allegedly…
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Nigerian And World Or International Business News
The Central Bank of Nigeria has announced the increment of the capital base for commercial banks with international authorisation to…
The clearing of a $7 billion foreign exchange (FX) backlog by the Central Bank of Nigeria (CBN) has been praised…
The head of the Central Bank of Nigeria, Yemi Cardoso, said that law enforcers are looking into foreign exchange deals…
Ajaokuta Steel Company in Kogi will soon have a Compressed Natural Gas (CNG) park, according to proposals released by the…
In February 2024, Nigeria’s broad money supply (M3) reached a record high of N95.56 trillion, defying the Monetary Policy Committee’s…
The Central Bank of Nigeria (CBN) sold dollars to the Bureau De Change (BDC) Operators for N1,251, which resulted in…
Expectations are strong that the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would announce another rate…
Nigeria paid N7.8 trillion towards debt service in 2023—a 121% increase over N3.52 trillion in debt service from the year…
In an effort to reduce financial crimes in the banking industry, the Nigeria Deposit Insurance Corporation (NDIC) and the Economic…
Nadeem Anjarwalla, a key figure at Binance, evaded custody in Nigeria amidst allegations of tax evasion, stirring a whirlwind of…
The Director, National Water Resources Capacity Building Network Centre, South-East, Region, Professor Emma Ezenwaji says that most ailments Nigerians suffer…
It seems the dream for the actualization of the Anambra Central Fish village, located at Adazi Nnukwu in Anaocha Council…
Not everyone is born with a silver spoon. However, several people around the world have proven that with determination and…
Nigeria’s communication infrastructure is in danger due to increased diesel prices; in February, telecommunications companies spent N50.28 billion on fuel.…
Nigeria’s naira strengthened on Thursday at the official foreign exchange market, reaching a two-month high of N1,382.35 per dollar. This…
Apple is facing legal action from the US Department of Justice and sixteen US states for allegedly engaging in anti-competitive…
The $617.7 million Investment in Digital and Creative Enterprises (i-DICE) plan has received approval from the National Economic Council (NEC)…
Special Adviser on Information and Strategy to president Bola Ahmed Tinubu, Bayo Onanuga, has warned forex speculators to dump dollars…
The Central Bank of Nigeria (CBN) said on Wednesday that it had finally paid off all legitimate foreign exchange backlogs,…
Since the Central Bank of Nigeria (CBN) cleared all foreign currency (FX) backlog, the value of the naira has steadily…
43 businesses have invested a total of N8.6 billion to get the licences necessary to offer telecommunications services in Nigeria…
Unilever Plc, a leading British multinational consumer goods giant, has unveiled a sweeping restructuring strategy, targeting the elimination of approximately…
Tuesday’s closing rate for the Nigerian Autonomous Foreign Exchange (NAFEM) was N1560.57 to $1, indicating a significant increase. Compared to…
The 2024 Federal Capital Territory (FCT) Statutory Budget was passed by the Senate, totaling N1.282 trillion—a sum that was N135…
Foreign companies have contributed significantly more to Nigeria’s tax revenue; in only a single year, the amount nearly doubled. The…
One hundred and fifty youths in Anambra state, who have been trained on Table Fish Production Business, were on Tuesday,…
In just 6.63% of the N10.39 trillion loan that was disbursed to different sectors as intervention programmes, the Central Bank…
With an estimated N10.3 trillion in funding, the Central Bank of Nigeria’s Intervention Funds Programme has a 75.8% repayment record.…
The naira strengthened to N1,572.86 per dollar on the official market on Monday, following N1,602.75/$1 on Friday, signaling a…