News

The International Monetary Fund has attributed the current global inflationary pressure to the dramatic increase in shipping costs. In a new report titled “the costs of misreading inflation,” the lender...

A report by FITC has revealed that bank customers in Nigeria lost a total of N2.72bn to fraud in the first and second quarters of 2022. It was also disclosed...

Apple has announced a price increase for iOS Store apps and in-app purchases in Nigeria, South Africa, Colombia, Egypt, Hungary, Norway, and the United Kingdom. According to the phone manufacturer,...

Leading agribusiness firm, Olam has clinched “Top Employer” certification for the third consecutive year from the Netherlands-based Top Employer Institute. According to the institute, Olam was recognised given its full...

British airline Flybe on Saturday said it had ceased trading and all flights had been cancelled. “We are sad to announce that Flybe has been placed into administration,” the airline...

Nigerian consumers should change their mindset and patronise locally-produced goods, especially in the agricultural sector, to boost revenue and job creation, the Special Adviser to the President, Major General Muhammadu...

The 2022 floods in various parts of Nigeria led to an estimated economic loss of $9.12bn (N4.2tn as at Friday’s official exchange rate of N460.78/$), the Federal Government announced on...

The average retail price of kerosene paid by Nigerians increased by 136% in a year, according to a report released on Thursday by the National Bureau of Statistics (NBS). According...

The shortfall in electricity tariff payable by power consumers across the country is now about N2.5tn, while the average technical, commercial and collection losses of power distribution companies is projected...

Protesters, mainly youths, on Thursday blocked the Lagos Benin Expressway at Oluku Junction to express their grievance about the rise in fuel prices and the scarcity of the product. Commuters,...