Category: Business and Economy
Nigeria’s inflation rate rises to 24.23%, says NBS
The National Bureau of Statistics (NBS) has announced that Nigeria’s inflation rate increased to 24.23 percent in March after months of respite. According to the ... Read More
Remove bank transfer charges, Sterling Bank charges Nigerian banks
In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major ... Read More
Dangote, Adenuga, Rabiu, Otedola, Nigerians on forbes Africa’s billionaires List
Aliko Dangote, Nigeria’s wealthiest businessman, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola, have emerged as the only Nigerians on the 2025 ‘Africa’s Billionaires List’ compiled ... Read More
NNPC slashes petrol price to N860/litre as competition intensifies
The Nigerian National Petroleum Company Limited (NNPC) has reduced the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N825 per litre ... Read More
CBN scraps free ATM withdrawals for other banks’ customers
The Central Bank of Nigeria has abolished the three free monthly withdrawals previously allowed for customers using the Automated Teller Machines (ATM) of other banks. ... Read More
CBN’s policies stopped inflation from rising to 42.81% – Cardoso
The Central Bank of Nigeria has said that without its policy interventions, inflation could have risen to 42.81 per cent in December 2024. The CBN ... Read More
CBN projects 4.1% economic growth in 2025
The Central Bank of Nigeria, CBN yesterday projected that the economy will grow by 4.1 per cent growth in 2025, as well as record decline ... Read More
Nigeria’s inflation rises to 34.80% in December as CPPE calls for monetary policy adjustments
Nigeria’s inflation rate surged to 34.80 percent in December 2024 from 34.60 percent in November. This is according to the latest Consumer Price Index and ... Read More
CBN charges nine banks N1.35bn for failing to dispense cash via ATMs
In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing ... Read More
FBH shareholders plot removal of Otedola as chairman, call for AGM
The crisis in the leadership of First Bank Holdings of Nigeria worsened on Wednesday as a group of stakeholders called for the removal of its ... Read More