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Category: Business
Nigeria’s inflation, food price hikes will drop by December – PwC
PricewaterhouseCoopers, PwC, a consulting firm, has projected a marginal decline in Nigeria’s inflation to 29.5 percent by the end of this year from 33.95 in…
CBN restores license of popular bank after revocation
The Central Bank of Nigeria (CBN) has reinstated the license of a popular digital bank, Eyowo.This was disclosed by Yomi Adedeji, Co-Chief Executive Officer of…
Shoprite shuts down operations in Abuja
ShopRite has announced its decision to cease operations at its Wuse Store located in the Novare Wuse Central Mall, Abuja, the nation’s capital.This was revealed…
Nigerians borrow N3.82tn from banks amid hardship
Credit facilities borrowed by Nigerians from banks rose to N3.82 trillion in January 2024 amid rising inflation and harsh economic realities.This is according to the…
Crude price hike: Dangote alleges IOCs frustrating refinery
• Dangote accuses NMDPRA of granting licences to operators to import dirty fuel Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin,…
NBSS appoints new MD, COO for subsidiary, AfriGOPay
The Nigeria Inter-Bank Settlement System, NIBSS, has appointed Ebehijie Momoh as the Managing Director of its subsidiary, AfriGOPay Financial Services Limited (AFSL).NIBSS disclosed this in…
Aviation Minister raises alarm over begging, extortion at Nigerian International airports
The Minister of Aviation, Festus Keyamo on Sunday decried reports of begging and extortion going on at International airports in the country by some unscrupulous…
Monthly inflation slowed amid policy tightening – CBN
Nigeria’s headline month-on-month inflation rate has reportedly slowed for a third time in a row in May 2024, according to the Central Bank of Nigeria.The…
Emefiele to permanently forfeit N12bn property
The Federal High Court in Lagos has ordered the permanent forfeiture of properties worth over N11.14 billion and N1.04 billion belonging to the former Central…
13 states show inflation slowdown as CBN policy takes effect
Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures.The CBN…