Weak Naira, rising food prices drag Nigeria’s inflation rate for April to 16.82%
Inflation in April 2022 increased to an 8-month high of 16.82 per cent amid rising food prices and weak Naira...
Nigeria Political Party APC nets over N28 billion from sale of presidential, governorship, National Assembly aspirants forms
The All Progressives Congress (APC) has generated over N28 billion from the sale of expression of interest and nomination forms...
Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023
A new report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his...
CBN Governor, Emefiele withdraws his presidential bid
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has withdrawn from the 2023 presidential bid, a credible source...
Nigerian billionaire and Chairman of Zinox Group, Leo Stan Ekeh, might be planning a takeover bid for Jumia.
A source with insider knowledge of the situation told Nairametrics, a Lagos-based business publication, that the businessman “is replicating the...
Airline operators win fight, as NNPC agrees subsidy on aviation fuel for three months
Following threats to stop operations, the Nigerian National Petroleum Company (NNPC) Limited has negotiated an arrangement with Airline Operators of...
JP Morgan delists Nigeria from emerging market list, as govt plans another $950m debt
JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations over its fiscal woes. The global financial institution...
The crackdown on crypto has crippled foreign direct investments in Nigeria’s fintech sector
Technology is changing our everyday lives at a faster rate. In developed markets, fintech, blockchain, and cryptocurrencies are shaking the...
Nigeria Domestic airline operators to shut down flight operations May 9
Airline operators say they will shut down operations on Monday, May 9, due to high cost of aviation fuel and...
Dangote Cement raises N116 billion to refinance debts
Dangote Cement has raised N116 billion from banks and high networth individuals to repay the cement business rising debt, as...