BREAKING: CBN raises interest rate to 24.75%
The Central Bank of Nigeria (CBN) has increased the interest rate by 200 basis points to 24.75% from 22.75% in an effort to address...
Naira Falls to ₦1,740 in Parallel Market
As of Sunday, October 27, the parallel market exchange rate for the Nigerian naira is N1,740/$1.
However, the Naira remained constant with little appreciation in...
MRS Increases Petrol Price to N925 Per Litre in Lagos Amid...
MRS Oil Nigeria Plc, one of the major distributors of Dangote Refinery products, has increased the pump price of Premium Motor Spirit (PMS) to...
Disney Set to Cut Up to 1,000 Jobs Amid Restructuring Push
The Walt Disney Company is preparing to lay off up to 1,000 employees in the coming weeks, with a significant number of the roles...
“43 banned items is reason for exchange rate disparity” CBN shockingly...
In a stunning U-turn, the Central Bank of Nigeria (CBN) has blamed the growing discrepancy between official and black market exchange rates on the...
BREAKING: Nigeria’s inflation rate surges to 19.64% in July 2022
In July 2022, Nigeria's inflation rate increased to 19.64% from the previous month's figure of 18.6%. This is supported by the National Bureau of...
Jim Ovia Bows Out: Zenith Bank Founder Steps Down After 12...
A defining era in Nigeria’s banking sector is drawing to a close as Jim Ovia officially steps down as Zenith Bank's chairman, marking the...
CBN sets N1m limit for cash collection centers
The Central Bank of Nigeria has pegged the minimum transaction limit for corporate and individuals transacting with Bank Neutral Cash Hubs at N1m and...
Tesla sells 75% of its Bitcoin holdings to add $936 million...
Elon Musk, the richest man in the world and a former supporter of Bitcoin, is the founder and CEO of Tesla, the electric vehicle...
CBN tells Nigerians diaspora: we would not wait for you to...
The Central Bank of Nigeria (CBN) has stated that it will not wait for Nigerians in the diaspora to return their Naira.
This was revealed...