Business

Nigeria’s Inflation Rate Rises to 21.91% as Cash Scarcity Persists

The percentage represents a 0.09% point increase.

2 years ago

Stocks Fall on Wall Street on Renewed Fears About Banks

The heaviest losses were focused on smaller and mid-size banks, which are seen as more at risk of having customers…

2 years ago

OPEC Confirms Nigeria’s 1.3 Million bpd February Crude Oil Output

Overall, OPEC's oil production rose in February despite output cuts by the wider OPEC+ group.

2 years ago

Marginal Fields: Nigeria Moves to Mitigate Awardees’ Funding Challenges

The NUPRC is set to release a corporate governance framework.

2 years ago

Banks Begin Dispensing Old N500, N1, 000 Notes Via ATMs, Over-the-Counter

However business are still reluctant to collect the old notes.

2 years ago

Global Bank Stock Rout Deepens as SVB Collapse Fans Crisis Fears

Banking stocks in Asia extended declines on Tuesday, with Japanese firms hit particularly hard and anxiety about systemic risk leading…

2 years ago

Old Naira Notes Remain Legal Tender, CBN Says

The apex bank said the old N200, N500 and N1000 banknotes will remain legal tender alongside the redesigned banknotes till…

2 years ago

As Nigeria Struggles with Crude Theft, Saudi Aramco Posts Record $161bn Profits

Saudi Arabia currently produces over 10 million barrels per day and has produced all of its OPEC allocation, with some…

2 years ago

Despite Legal Issues, Buhari Administration Continues Push for Nigeria Air’s Takeoff Before End of Tenure

Airline operators have urged a court to stop the national carrier deal and withdraw the Air Transport Licence issued to…

2 years ago

Ekiti Government Threatens to Arrest Traders Rejecting Old Naira Notes

Meanwhile the Bayelsa government has called for calm over the cash crunch.

2 years ago