Business
Nigeria Records Unprecedented 130% Surge in Remittance Inflows
The Central Bank of Nigeria (CBN) has announced a remarkable increase in remittance inflows, reaching a record $553 million in July 2024. This figure...
Business
Forex: Naira Plunges to N1610 Against Dollar
On Wednesday, the Nigerian naira fell to a new low of N1,610 against the US dollar on the parallel market, commonly known as the...
Business
Local Oil Producers Reject Mandated Crude Supply to Dangote, Others
The Independent Petroleum Producers Group (IPPG) has voiced strong opposition to any attempts to compel its members to sell crude oil to local refineries,...
Business
Margin Loans: SEC Fines Billionaire Investor Carl Icahn $2Million
Billionaire activist investor Carl Icahn and his company, Icahn Enterprises (IEP), have been fined $2 million by the United States Securities and Exchange Commission...
Business
Gold, Oil Prices Rise Again
Gold and oil prices are currently on an upward trajectory, with both commodities showing signs of further gains. Recent market analysis indicates that gold...
Business
GTBank Website Downtime Sparks Cybersecurity Concerns as It Enters Third Day
Guaranty Trust Bank (GTBank), one of Nigeria’s leading financial institutions, is facing increasing scrutiny as its website remains inaccessible for the third consecutive day....
Business
Half of Poultry Farms in Oyo State Have Shut Down – Association’s Chairman
Chairman of the Poultry Association of Nigeria (PAN) in Oyo State, Mr. Omidokun Oyekunle, has revealed that nearly half of the poultry farms in...
Business
Inflation Rate, Food Prices Drop Slightly in July 2024
Nigeria’s inflation rate showed a slight decrease in July 2024, according to the latest Consumer Price Index (CPI) report released by the National Bureau...