Federal Republic Of Nigeria
N1,000/litre: Fuel crisis hits Nigerian border communities as petrol prices skyrocket
Following the increase in the price of gasoline at the pump to N617 per litre by the NNPC, Residents of Ogun State border areas now sell fuel for N1,000/litre
India bans rice export to Nigeria, other countries amid inflation
The Indian government has announced ban on rice exports to Nigeria and other African countries as it battles to boost local supplies battle high inflation.
Nigerian banks customers lose N1 billion to frauds via ATM, PoS, cards, others in 3 months
In the first quarter of 2023, losses to fraud and forgeries amounted to nearly N1bn, incurred through a range of payment channels and transaction instruments.
Naira not among top 10 weakest currencies in Africa as CBN continues to fight depreciation
Data from trading economics have shown that of the top African countries, from Sierra Leone to South Sudan, struggling with weak currencies, Nigeria is left out
Loan app denies illegal practices as FG delists digital money lending platforms
Sycamore Integrated Services Limited has denied allegations of wrongdoing and rejected delisting by FCCPC and over unlawful practices and customer harassment.
World Bank ranks Nigeria as Africa’s largest economy for fifth year in a row, Egypt fast catching up
The World Bank says Nigeria is still Africa's largest economy for five consecutive years, followed by Egypt in a close margin after overtaking South Africa.
“Small businesses will crumble completely”: Business operators lament hardship as fuel sells for N617/litre
Businesses in Nigeria are lamenting the recent increase in petrol prices as they say it may lead to failures and job losses if the government does not intervene
Naira records massive gain at official market as CBN withdraws operating license of over 2,000 forex dealers
Central Bank of Nigeria has released the list of approved BDCs allowed to meet Nigeria's forex demands as it strengthens its fight to make the naira stronger.
Airline passengers to pay N300,000 more as exchange rate hits N803/$1
International Air Transport Association said there was a N300,000 increase in international ticket prices between Monday and Tuesday due to the exchange rate.
Federal Republic Of Nigeria
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