Browsing Category
Business
Dangote Refinery reduces Ex-Depot Price of Petrol to ₦890 Per Litre
The Dangote Refinery has reduced its ex-depot price for Premium Motor Spirit (PMS), commonly known as petrol, from ₦950 per litre…
FBN Holdings Plc profit increases by 142% to N0.9tn, gross profit rises to…
FBN Holdings reported a remarkable 142% year-on-year (y-o-y) growth in Profit Before Tax (PBT), reaching N862 billion, alongside a…
Nigeria’s inflation rate could have hit 42.81% in December 2024…
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank’s “decisive policy interventions”…
Naira hikes to N1,640/$ in parallel market
The Naira has strengthened in the parallel market, appreciating to N1,640 per dollar from N1,655 per dollar on Monday.
Data…
CBN waives 2025 license renewal fee for BDC operators natinwide
The Central Bank of Nigeria (CBN) has waived the 2025 licence renewal fee for all bureaux de change (BDC) operators.
On Friday,…
Bank of Japan raises rates to highest in 17 years
Japan's central bank has raised borrowing costs to their highest level in 17 years, following an acceleration in consumer…
LinkedIn accused of using private messages to train AI
A lawsuit filed on behalf of LinkedIn Premium users accuses the platform of sharing private messages with third-party…
TikTokers offered $5,000 to join Facebook, Instagram
Social media giant Meta has offered to pay up to $5,000 (£4,040) to popular creators in the United States who join Facebook and…
CBN speaks on ‘gains’ of fiscal, monetary reforms; projects…
The Central Bank of Nigeria (CBN) has said the fiscal, monetary reforms embarked upon by the President Bola Tinubu-led Federal…
TUC rejects VAT hike to 15%, cites Economic strain
The Trade Union Congress (TUC) has opposed the Federal Government's proposal to raise Value Added Tax (VAT) from 7.5% to 15%,…