Economy

FG cracks down on illegal crypto traders Story by Uchechi OGBUEHI-DANIEL, Lagos The Securities and Exchange Commission (SEC), Monday, vowed to act decisively to uphold the…

The Central Bank of Nigeria has barred some microfinance banks, including Moniepoint, Opay and Kuda, from opening new accounts and accepting new customers. The ban is over allegations…

…Calls for Urgent Government Action In Enugu, the escalating food inflation crisis has sparked deep concerns among residents as prices continue to surge, impacting the affordability of…

FCMB's profit grows to N95.5bn, highest record in 10 years The First City Monument Bank (FCMB), a tier 2 lender, recorded its highest profit in ten years. The company’s profit grew by…

EFCC slams fresh charge on Emefiele, claims N684.5m notes printed using N18.9bn The former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is set to face new charges from…

Port Harcourt refinery almost 90% completed – Senate Committee The Chairman of the Senate adhoc committee investigating Turnaround Maintenance of Nigeria’s Refineries, Senator Patrick…

The Ministry of Industry, Trade and Investment has officially initiated the disbursement of a N200bn palliative loans through the Presidential Conditional Grant Scheme. This announcement…

Nigeria’s inflation hit 33.20% in March, says NBS The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 33.20 per cent in March 2024. The…

Former Kaduna State Governor, Nasir El-Rufai has claimed that President Bola Tinubu has restored the fuel subsidy regime but many Nigerians don’t know. According to him, the federal…

The value of the naira gained strength at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it…