Latest News
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175Money MarketIMTOs to Sell FX on CBN Window
The Central Bank of Nigeria has announced that eligible International Money Transfer Operators will now have access to the official window to...
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103Economy & MarketCBN Projects Lower Inflation, Says Reforms Attract $24b Inflow
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says inflationary pressure has started dropping as a result of the central...
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90Foreign NewsOil Ticks Up on Inventory Drawdown Outlook, Middle East Risks
Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the...
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90Local NewsElectricity Consumers Rise to 12.33m in Q1 2024, says NBS
A report released by the National Bureau of Statistics (NBS) has shown an upsurge in the number of electricity in the first...
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181Industry & MoneyBanks Begin Repayment of Legacy USSD Debt to Telcos
Nigerian banks have initiated the process of repaying a $132 million (N200 billion) debt owed to telecom operators for the use of...
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522Telecoms & ITNigeria Achieves Self-sufficiency in SIM Card Production
The Nigerian Communications Commission (NCC) has announced a landmark achievement for the country’s telecom industry: the complete localisation of SIM card production....
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93Local NewsCourt Asks IKEDC, NERC to Reverse Tariff Hike
The Federal High Court sitting in Lagos has restrained Ikeja Electric Plc and the Nigerian Electricity Regulatory Commission from applying, administering and/or...
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94Foreign NewsEuropean Stocks Set to Rise, Aussie Gains on CPI
European stocks are set to follow their US peers higher following a choppy Asian session as markets awaited further trading catalysts. The...
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516Business NewsOpinion: We Must Pursue An AI Tax
A levy will help mitigate its societal fallout and redefine the future of tech investment The prospect of an artificial intelligence (AI)...
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179Economy & MarketNegative Sentiment Persists at the Exchange
EQUITIES The domestic bourse extended yesterday’s bearish sentiments following sell pressures on DANGSUGAR (-5.7%) and WAPCO (-4.1%). Consequently, the NGX ASI declined...
