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Inflation hits 27.3% as costs of beverages, food, others rise
Nigeria’s headline inflation rate for October 2023 has increased to 27.33 percent, the National Bureau of Statistics (NBS) has disclosed. ...Old naira notes remain legal tender indefinitely – CBN
The Central Bank of Nigeria says the old N200, N500, and N1,000 notes are to remain legal tender indefinitely. While ...FG identifies $23bn investment opportunities in ener
The Federal Government has identified about $23 billion in investment opportunities in Nigeria for projects that are directly related to ...Customs increases FX rate for collection of duties from N770/$ to N783/$
The Nigerian Customs Service has adjusted the foreign exchange rate for its tariffs and duties. The new rates were reflected ...Inflation to hit 30% by December 2023, KPMG Nigeria predicts
KPMG Nigeria says it anticipates that the current inflationary pressure in Nigeria will persist till the end of 2023. In ...More bakeries shut down over high cost of flour, other ingredients
Bread, a favourite Nigerian fathers welcome home gifts for their children, is disappearing in homes. Most households have now jettisoned ...Dangote refinery secures licence to refine 300,000bpd crude
Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of ...Abuja airport shut down following incident on the runway
The Nnamdi Azikiwe International Airport, Abuja, has been temporarily shut following a runway incident involving an aircraft. The aircraft, Boeing ...Glitch: We’ll restore your debts, MTN tells subscribers
MTN Nigeria has said the debts of its subscribers erased as a result of technical glitch will be restored. The ...AfDB commits $1.5bn to boost agro-products’ exports
The African Development Bank has contributed $1.5bn towards advancing the export of value-added agricultural products through the Special Agro-Industrial Processing ...














