Browsing: Business & Economy

The Central Bank of Nigeria (CBN) has said that it has fulfilled its promise by clearing $64.44 million backlog of foreign exchange owed to airlines. This…

Before the development of payment gateways, payment infrastructure, and even the cash-based system as we know it today, much of pre-colonial Africa used a barter system.…

Governor Dauda Lawal of Zamfara State has officially declared a state of emergency in the state’s health sector, expressing a commitment to revitalizing the healthcare system.…

Geregu Power Plc, a prominent player in Nigeria’s energy sector, has announced a remarkable 110% surge in operating profit in its recently released 2023 audited financial…

The Debt Management Office has released the FGN bond auction result for January 2024. According to the results, the Federal Government raised about N418.197 billion from…

The Minister of the Federal Capital Territory, Nyesom Wike, has approved an increase in operational charges of private schools in the Abuja, a decision that could…

Nigeria’s currency is teetering towards a record-low of N1,500 against the US dollar in the face of a severe dollar shortage in the parallel market. The…

The Federal Road Safety Corps (FRSC) took strict action against traffic violations in Abuja, apprehending nearly 5,000 individuals for breaking traffic rules and regulations. The revelation…

Nigeria’s central bank said it plans to clear a foreign-exchange backlog estimated at about $5 billion within a short space of time as it seeks to…

Reed Hastings, the co-founder and executive chair of Netflix, has made a noteworthy philanthropic gesture by donating 2 million shares of Netflix stock, valued at over…