Elon Musk, the billionaire founder of Tesla Inc., has bought a 9.2 percent stake in Twitter. According to a document filed with the US Securities and...
A federal high court in Lagos has dismissed a suit challenging the legality of the Central Bank of Nigeria (CBN)’s cashless policy. Akintayo Aluko, the presiding...
Bakers under the aegis of the Premium Breadmakers Association of Nigeria (PBAN) say the hike in diesel price and exchange rate volatility has caused many of...
The monetary policy committee of the Central Bank of Nigeria (CBN) has retained the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. The...
African Development Bank (AfDB) says it has secured $15.6 billion for the construction of the Lagos-Abidjan highway corridor to ease transportation across West Africa. Akinwumi Adesina,...
Nigerian naira has dropped to N585 against the dollar at the parallel section of the foreign exchange market. The figure represents N4 or 0.7 percent depreciation...
Nigeria’s total public debt as at December 31, 2021 stood at N39. 556 trillion ( $95. 770 billion) The Debt Management Office (DMO) provided the data...
The National Bureau of Statistics, NBS, says the Consumer Price Index, CPI increased by 15.70% year on Year in the month of February. This is 1.63%...
The Federal Competition and Consumer Protection Commission has ordered Google LLC (Play Store) and Apple Inc. (Apple Store) to deactivate unathorised online banks and loan applications....
Oil prices dropped three percent today amid reinforced diplomatic efforts to end the Russia-Ukraine crisis. At 09.08 GMT+1, Brent crude, the global oil benchmark, shed 3.20...