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The Central Bank of Nigeria (CBN) has taken steps to enhance foreign currency remittance flows through formal channels by granting 14 new International Money Transfer Operators (IMTOs) approval-in-principle (AIP). According...
Read moreDetailsAccording to data from the National Bureau of Statistics (NBS), the prices of food commodities in Nigeria surged by 40.53% in April. This increase marks a significant jump of 15.92...
Read moreDetailsThe National Bureau of Statistics (NBS) has unveiled plans to use Artificial Intelligence (AI) to generate statistical data on food prices. Prince Adeyemi Adeniran, the Statistician General of the Federation,...
Read moreDetailsIn the first quarter (Q1) of 2024, Nigeria recorded total direct foreign exchange (FX) remittances amounting to $282.61 million. This figure reflects a decrease of $18.96 million or 6.28% compared...
Read moreDetailsThe Federal Government on Tuesday approved a special purpose vehicle to support the delivery of an additional 90,000km of fibre optic cable for universal access to the internet across Nigeria....
Read moreDetailsThe Director-General of the Nigeria Employers’ Consultative Association, Mr Adewale Oyerinde, has stated that the country requires urgent actions to shake off the current economic crisis. In his assessment of...
Read moreDetailsThe Federal Government has concluded plans to ensure marketers open Compressed Natural Gas Pumps in filling stations across the country. As such, the government said intending retail licensees would be...
Read moreDetailsOperatives of the Economic Financial Crimes Commission, on Tuesday, expanded its clampdown on Bureau De Change operators, arresting traders in Abuja, Lagos, Kano and Port Harcourt. This came as the...
Read moreDetailsTHE Organisation of Petroleum Exporting Countries (OPEC) announced yesterday that Nigeria's oil output, excluding condensate, increased by 4% month on month (MoM) to 1.28 million barrels per day (bpd) in...
Read moreDetailsCardiovascular disease accounts for 40% of all fatalities in Europe, according to the World Health Organisation (WHO), which urges Europeans to reduce their salt intake. That translates to 10,000 deaths...
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