President Bola Tinubu has announced a fresh appointment for the immediate past DSS DG, Yusuf Bichi. You need to see the new role of the former secret police boss.
Onafriq is closing Baxi PoS operations as inflation, naira depreciation and competition bite. Agents are given 30 days to move funds; the firm stays in Nigeria too.
Tomato prices across Nigeria are unlikely to rise during the forthcoming Ramadan fast, contrary to the usual seasonal trend, according to NAPTAN.
The naira strengthens against the US dollar as CBN intervenes, boosting market confidence with rising external reserves amid fluctuating global oil and gold prices.
The naira strengthens 1.5%, buoyed by rising external reserves to $46.91 billion, as confidence in Nigeria's forex markets surges, easing speculative pressures.
Nigeria's rice prices may rise as the FG considers closing import windows, risking local farmers and creating a new food inflation challenge amid rising costs.
SMEDAN says many Nigerian entrepreneurs divert MSME loans to personal use and fail to repay, weakening revolving funding schemes and limiting access to finance.
Nigeria's tax reforms are enhancing net pay for workers, with reduced PAYE deductions reshaping financial relief for low- and middle-income earners.
The naira fell 0.57% amid surging dollar demand, while Nigeria's reserves rose to $46.81 billion. Oil prices dropped, impacting export earnings and currency.
Court documents reveal Jeffrey Epstein's withdrawal from trading Nigerian crude due to fraud fears linked to NNPCL, exposing Nigeria's oil sector governance issues.
Nigeria's exchange-rate gap has exceeded 6%, raising FX arbitrage concerns. While the naira strengthens officially, parallel market pressures persist.
Economy
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