Nigeria’s Internet Connections Surge to 162 Million, 5G Adoption Still Low
In November 2023, active internet subscriptions in Nigeria reached a remarkable 162 million, according to data released by the Nigerian...
Naira Weakens as Dollar Supply Declines by 6.13%
The Nigerian naira faced a decline against the US dollar in the official market as banks reported a reduction in...
Global Cocoa Prices Surge to Record Highs Amid Crop Damage in West Africa
Cocoa prices on the New York commodities market soared to unprecedented levels, hitting a new record high of $5,874 (£4,655)...
Exxon to Exit Equatorial Guinea Operations
After three decades of operation in Equatorial Guinea, Exxon is preparing to withdraw from the OPEC member state in Central...
Stock Market Depreciates by N480.8 Billion on Profit-taking in Tier-1 Banks
The Nigerian stock market sustained its negative trend for the second consecutive day, witnessing a significant drop of N480.8 billion...
CBN Directs Banks to Notify Customers Before Debt Recovery Moves
In a bid to enhance transparency and fairness in the debt recovery process, the Central Bank of Nigeria (CBN) has...
Nigeria’s Dollar Bonds Outperform South Africa’s in Bond Market Clash
As Nigeria and South Africa gear up to clash in an African football semi-final, another battle is already decided in...
CBN Confirms Highest Dollar Inflow in 19 Months
In a significant turnaround for Nigeria's economy, the Central Bank of Nigeria (CBN) confirmed the highest dollar inflow the country...
EFCC Launches Task Force to Combat Naira Mutilation and Dollarization
The Economic and Financial Crimes Commission (EFCC) has intensified its efforts to clamp down on currency mutilation and the dollarization...
Senate Demands Details from Finance Minister on N100 Billion Gas Project
The Senate Committee on Gas has issued a stern ultimatum to the Minister of Finance, Wale Edun, giving him seven...
