The Story ⚡ Circuits, a global premium video-on-demand platform spotlighting the best of African cinema, will launch globally in December 2024, just in time for the […]
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Category: Business
Nigeria’s inflation rate spikes to 34.60 percent in November amid hardship
Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for the populace. According […]
Nigeria exported N181.62bn of electricity in 9 months
Nigeria exported electricity valued at N181.62bn from January to September 2024, according to data from the National Bureau of Statistics (NBS). The exports were […]
NNPCL reduces petrol pump price
The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail outlets, […]
FCCPC rejects Coca-Cola Nigeria’s appeal against N186 million branding penalty, cites 13 reasons
Insists on public hearing over alleged unfair tactics by Coca-Cola Nigeria The Federal Competition and Consumer Protection Commission (FCCPC) has urged the Competition and Consumer […]
CBN imposes N150m fine on banks releasing New notes to hawkers
The Central Bank of Nigeria has announced a fine of N150 million on Deposit Money Banks found guilty of giving out illegal flow of mint […]
3 US companies spend $3.26 billion buying Bitcoin in first week of December
Three Top US companies heavily involved in Bitcoin acquisition doled out a collective $3.26 billion to increase their Bitcoin holding in the first week of […]
Forex market: BDC operators warn that speculators will resist naira appreciation
Currency traders under the aegis of the Association of Bureau De Change Operators of Nigeria (ABCON) have warned that forex speculators will resist the rapid […]
FG plans to spend more on debt servicing than capital expenditures in three years
The Federal Government plans to allocate a significant portion of its budget to debt servicing between 2025 and 2027, outpacing allocations for capital expenditure. This […]
FAAC shares N1.411 trillion to Federal, State, and Local Governments for October
The Federation Accounts Allocation Committee (FAAC) has disbursed a total of N1.411 trillion to the Federal Government, State Governments, and Local Government Councils (LGCs) for […]