Showing posts with the label business

Nigeria's Inflation Rate Drops Slightly to 15.06% in February

Nigeria’s inflation rate recorded a marginal decline to 15.06 per cent in February 2026 from 15.10…

JUST IN: CBN Directs Banks to Deny Fresh Loans To Defaulters

The Central Bank of Nigeria (CBN) has directed commercial banks to stop granting new loans and cre…

Naira Falls to N1,341.35/$ at Official Market

Nigeria’s currency weakened at the official foreign exchange market , reflecting sustained pressur…

Why Naira Could Boost Below N1,000/$1 Before End of 2026 - Otedola

The Dangote Petroleum Refinery has announced that it is now operating at its full nameplate capaci…

NRS Targets N40.71 Trillion Revenue for 2026

The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), bro…

Banks, Fintechs to Charge Nigerians 7.5% VAT on Mobile, USSD Transfers

Starting Monday, January 19, 2026, Nigerians using digital banking platforms will see a new 7.5 per…

Gold Soars to Record $4,383.76 on US Rate-Cut Optimism

Gold prices surged to a historic high on Monday , buoyed by investor optimism that the US Federal …

FG Clears Air On Nigerians Who Don't Need Tax ID to Operate Bank Account

The Federal Government has clarified that millions of Nigerians who earn no income will not be requ…

Oyo, Lagos, Kaduna, Rank as Most Competitive Business Environments in Nigeria

The Presidential Enabling Business Environment Council (PEBEC) has released two major competitivene…

Post-Harvest Losses Affecting Nigeria Food Security, Sustainability — FMAFS

The Federal Ministry of Agriculture and Food Security ( FMAFS ) has said Nigeria’s food security …

Elon Musk Hits $500bn Net Worth, Emerges First to Reach Half-Trillion

World’s richest individual, Elon Musk has crossed another milestone with his net worth soaring to …

Oyo Tops as 20 States Secure N458bn Loans Despite Higher Allocations

Oyo State is topping the list as no fewer than 20 state governments borrowed a combined N458 billi…

Naira Will Appreciate to N1,400/$ by December - BUA Boss Forecasts

President of BUA Group , Abdul Samad Rabiu , has projected that the naira could appreciate to betw…

JUST IN: Nigeria’s Economy Expands By 4.23% in 2025 Q2

Nigeria’s economy recorded a 4.23 per cent growth in the second quarter of 2025, according to figu…

Nigeria Inflation Rate Drops for 4th Consecutive Time in 2025 – NBS

Nigeria’s inflation rate  has continued its downward trend, with the National Bureau of Statistics …

Review 2025 Budget Or Face Deepening Financial Crisis - IMF Warns Nigeria

Nigeria’s fiscal outlook for 2025 is under serious threat, according to the International Monetary …

Nigeria Loses $4m World Bank Loan Over Audit Lapses

Nigeria is set to forfeit $4 million from a World Bank-funded loan after failing to meet required a…

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