House of Reps order CBN to suspend new cash withdrawal limits
n a stunning turn of events, the Central Bank of Nigeria (CBN) has been ordered by the House of Representatives to suspend the new cash[more...]
Category: Business
Nigeria Lead as African Diaspora Remittances Inch Closer to $100 Billion
The Monetary transfers from citizens of African countries based abroad have been projected to hit $100 billion soon. According to the latest data from the Migration[more...]
5 Things to Know About the CBN’s New Policy on the Naira
Nigerians had opportunity to see the new banknotes after they were unveiled by President Muhammadu Buhari during the Federal Executive Council (FEC) meeting at the[more...]
Top 10 Richest States in Nigeria According to National Bureau of Statistics
This is largely because Nigeria has a massive oil reserve and has exploited this resource for decades. However, the oil from Nigeria typically comes from[more...]
China Reliefs Rwanda of $7.1 million Debt
China has signed a debt relief of $7.1 million for Rwanda. The Rwandan finance minister and the Chinese ambassador to Rwanda oversaw the signing. China[more...]
5 Reasons Why the Nigerian Naira was Redesigned
Business Insider presents 5 reasons why the Naira was redesigned. These reasons were listed at the unveiling of the new Naira note by the governor[more...]
Poverty Rate: 5 States Lead as NBS Figures Exceed World Bank’s Projection
Fresh data from the National Bureau of Statistics, NBS has disclosed that Nigeria recorded 133 million multi-dimensionally poor citizens In its latest National Poverty Index report. The NBS[more...]
Five Things You Should Know About Naira Redesign
These are the things you need to know about the Naira redesign which has been proposed by the CBN. Godwin Emefiele, the Governor of the[more...]
Ukraine-Russia War: EU Turns to Nigeria for Gas supply
Nigerian gas has become the target of some European countries as plans have been set in motion to buy about 22 million tons of the[more...]
Emirates Suspends Flights to Nigeria Indefinitely
Dubai based Emirates Airlines has disclosed plans to suspend operations into Nigeria indefinitely effective from October 29, 2022. According to a statement by the airline[more...]
Dangote Sugar Declares N36.27bn Profit in 9 Months
Mr Ravindra Singhvi, Group Managing Director, Dangote Sugar Refinery Plc, made this known in a statement on Sunday in Lagos. He said that the company’s[more...]
The 8 Most Rated Universities in African in 2022
The list includes global rankings and other key figures. The conversation surrounding tertiary education is engraved in the very fabric of the global economy. While[more...]
Nigerian Government Moves to Stop “JAPA” of Citizens
The Nigerian federal government intends to stop the mass migration going on in the country. The Minister of State for Science, Technology, and Innovation, Henry[more...]
5 Important Things to Know About the Central Bank of Nigeria Redesigning the Naira
The Central Bank of Nigeria has announced that the Naira would be redesigned. Returning of current denominations is to begin effective immediately. Every so often,[more...]
Meet the Richest Man in Crypto, Who Once Worked at a Gas Station
Changpeng Zhao, also known as CZ, is the wealthiest person in cryptocurrency. He is worth over $30billion in fortune. The Chinese-born Canadian mogul founded Binance[more...]
Here Are Africa’s Most Developed Financial Markets in 2022
South Africa, Mauritius and Nigeria maintain their positions in the top three this year. Uganda rose two places to fourth, while Namibia and Kenya improved[more...]
Cooking Gas Price Increases by 86.62% in One Year – NBS
The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated.[more...]
Keep off Blue-Line rail to avoid electrocution- Sanwo-Olu warns Lagosians
The Lagos State Governor, Babajide Sanwo-Olu, has disclosed that the Blue-Line rail is an electrified system hence Lagosians should steer clear of the tracks when[more...]
CBN Marks 1st Anniversary of eNaira
The Central Bank of Nigeria (CBN), has unveiled activities to mark the first anniversary of its digital currency, the eNaira. The eNaira, which is Africa’s[more...]
UNIBEN Ranks 6th Best in Global Universities Ranking
The University of Benin (UniBen), Edo, Nigeria has been ranked 6th by the Times Higher Education (THE) in its latest World Universities rankings for Nigeria.[more...]
