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Category: Business
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…
Sugar price surges by 103% in Nigeria
The price of sugar in Nigeria increased by 103 per cent to N16.76 million per metric ton in the first quarter of 2024 on a…
Nigeria’s diesel price drops by 0.78 percent in May – NBS
The average retail price of Automotive Gas Oil, known as Diesel in Nigeria dropped slightly to N1403.96 per liter in May 2024 from N1415.06 in…
Eid-El-Kabir: Nigerians groan over worsening food inflation
Nigerian Muslims faithful joined their counterparts all over the world to celebrate Eid-El-Kabir. The celebration came amid worsening economic hardship and rising food inflation. Findings…
Naira’s depreciation against dollar continues at FX market
The naira depreciated slightly against the dollar at the official foreign exchange market after the Eid el-Kabir holiday. FMDQ data showed that the naira weakened…
FG calls for investment in SME training to boost African trade
The Federal Government has tasked African countries to invest more in the training of Small and Medium Enterprises to improve trade standardisation and boost the…