Mobile Money Made 1.2 Billion In 2020 -GSMA
In 2020, the number of registered mobile money accounts grew by 12.7 per cent globally, to 1.21 billion, according to the latest report from the GSM Association. The GSMA noted…
CBN Intervention Has Crashed Price Of Rice –Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says the price per bag of rice has reduced compared to the price it was sold last year during the…
FG Targets N1trn Investment From Highway Concession.
The federal government (FG) says it expects a capital investment of N1.13 trillion from the new highway development management initiative (HDMI). Babatunde Fashola, minister of works and housing, who disclosed…
Report Banks Hoarding Forex, CBN Tells Nigerians
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians not to panic, saying there is enough forex for business owners,…
Nigeria Needs $2.3trn To Fix Infrastructural Deficit-VP, Osinbanjo
By Olamilekan Alani Yemi Osinbajo, the Vice-President of Nigeria says in order to fix the infrastructural deficit confronting the country, $2.3trn will be needed in the next 30 years. Osinbajo…
Inflation Rate Hits 17.33%
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33 percent in February. This is the highest point since April…
Petrol Subsidy To Gulp N102.96bn In March
The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month, going by the recent pricing template for the commodity. A Federal Government agency, Petroleum Products Pricing Regulatory…
Okonjo-Iweala Arrives Nigeria On Working Visit
The new Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, on Saturday, arrived in Nigeria on a one-week working visit. Okonjo-Iweala resumed at the Geneva-based WTO on March 1,…
Panic Buying In Lagos, Abuja As Filling Stations Maintain Old Petrol Price
By Our correspondents Many filling stations have not adjusted to the new pump price of petrol despite the new pricing template released by the Petroleum Products Pricing Regulatory Agency (PPPRA).…
CBN Reopens N50bn COVID Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting households and micro, small and medium enterprises (MSMEs) affected by…
