Inflation Rate Hits 13.7%, Highest In 30 Months
Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in…
Yahoo Groups To Shut Down Dec 15
Yahoo has announced plans to shut down Yahoo Groups from December 15 over a steady decline in usage. Verizon, which bought Yahoo in 2017, announced the decision on Tuesday, marking…
WTO: Okonjo-Iweala Promise To Industrialized Africa
Paul Nwabuikwu, the Spokesperson for Dr Ngozi Okonjo Iweala, says his principal will ensure more industrialisation in Africa and Nigeria if appointed as the Director-General of the World Trade Organisation.…
States’ IGR Dropped To N612.87bn In H1 —NBS
The Internally Generated Revenue of states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019, the National Bureau of Statistics has…
Investors Gain N297bn As 36 Stocks Push Market Higher
Investors in the Nigerian equity market gained N297bn on Monday as 36 firms recorded price appreciation at the end of trading. The equity market sustained its positive outlook as the…
Just In: Chevron To Fire 25% Of Workforce In Nigeria
Chevron Nigeria Limited has said it will slash its workforce by 25 per cent as it is reviewing its manpower requirements in the light of the changing business environment. CNL…
40 Per Cent Of Bank Deposits In Dollars
HIGH networth Nigerians now prefer to save their cash in dollars, a report has shown. The Coronation Research in a survey discovered that dollar deposits constitute 40 per cent of…
Oil Down After U.S. Crude Inventories Rise Against Expectations
Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude, adding to worries about demand that led to a steep selloff earlier in the…
Just In: CBN Reduces Benchmark Lending Rate To 11.5%
The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja. The…
Re-Registration Order: FG Apologises To Account Holders
By Stephen Godonu The Federal Government has apologised to all account holders in financial institutions for asking them to register their details again. On Thursday, the FG had demanded all…
