Business

Nigeria’s Inflation Rate Rises To 34.6% In November 2024

Nigeria's inflation hits 34.6%, with food prices soaring, impacting households across the nation amid economic strain.

6 days ago

Bitcoin Hits Record High of Over $106,000 Amid Trump Administration’s Pro-Crypto Stance

Bitcoin has surged past $106,000 following Trump's election victory, fueled by optimism over the incoming administration's cryptocurrency-friendly stance.

6 days ago

Dangote Refinery Hailed as Technological Masterpiece by Japanese Delegation

A Japanese delegation has hailed Dangote Refinery as a global marvel, citing its technological advancements and export-ready petroleum products.

6 days ago

CBN to Fine Banks N150 Million Per Branch for Diverting Mint Naira Note To Hawkers

CBN has announced N150m fines per branch for banks aiding illegal mint naira note distribution to currency hawkers.

7 days ago

First Bank Dismisses Allegations of N7 Billion Fraud as ‘Unfounded’

FirstBank has dismissed allegations of a N7 billion fraud, describing the claims as unfounded and lacking any factual basis

1 week ago

CBN Confirms Old Naira Notes Remain Legal Tender Indefinitely

CBN has reiterated old Naira notes remain legal tender indefinitely, following Supreme Court ruling allowing concurrent circulation of all denominations.

1 week ago

Femi Adegolu: Nigeria Owning Bitcoin Reserves Could Attract Foreign Investment, Provide Economic Sovereignty

Femi Adegolu has said Bitcoin reserves could help fight inflation and reduce dollar dependency, offering Nigeria a path to economic…

1 week ago

Naira Gains At Both Official, Parallel Markets To N1,535, N1,700

Naira has strengthened to N1,700 in the parallel market, gaining N20, while official market rose to N1,535

1 week ago

Nigeria Targets Policies to End High Mortality Rate of Nigerian Airlines, Ensure Longevity

Nigerian government has outlined policy frameworks and Cape Town Convention compliance to ensure longevity for Nigerian airlines.

1 week ago

Access Bank Targets South African Market with $159 Million Bidvest Bank Acquisition Deal

Access Bank has acquired Bidvest Bank to strengthen its South African presence and solidify its pan-African growth strategy.

1 week ago