Food Inflation Records Highest Since 2016
Nigeria’s food inflation increased by 1.26 percent on a year-on-year basis from 18.30 percent in November 2020 to 19.56 percent in December. This is according to the December 2020 consumer…
New Nigerian Airline To Commence Soon
Nigeria’s air transport is set to experience a revolution as a proposed low-cost carrier – Green Africa Airways – is set to commence operations. It has already reached the final…
Bitcoin falls by 20%, worst since March
The value of leading cryptocurrency Bitcoin tumbled 20 per cent Monday, wiping out some of the huge gains racked up in recent weeks as financial markets became more cautious. The…
No Approval For 50% Electricity Tariff Increase —NERC
The Nigerian Electricity Regulatory Commission, on Tuesday afternoon, said it has not increased electricity tariff by 50 per cent. The Commission, in a statement, said such increment was not contained…
FG Wants More SME Participation In N75bn Stimulus Programme
The Federal Government wants more micro, small and medium enterprises to participate in its N75bn economic recovery and stimulus programme in order to grow their respective businesses. Minister of Industry,…
Naira appreciates at N394/$1 in I&E window
The naira appreciated by 4.1 percent at N394.30 on Monday in the import and export (I&E) window. Market analysts opined that the surge in demand pressure during trading forced authorities…
Intels: Atiku Blames FG For Selling Off Shares
Former Vice President of Nigeria, Atiku Abubakar, has sold off his shares in Integrated Logistics Services Limited. This was confirmed in a statement by his media aide, Paul Ibe, titled…
WhatsApp To Stop Working On Millions Of Phones From Jan 1
WhatsApp a US-run messaging service, says its app will stop working on millions of phones as from January 1, 2021 due to an update aimed at phasing out older devices.…
NSE Market Capitalisation Hits The N20trn Mark — Highest In History
The Nigerian Stock Nigerian (NSE) market capitalisation, which is the total value of all listed equities, has hit the N20 trillion mark. TheCable had reported how Santa Claus Rally pushed…
FULL LIST: 42 microfinance banks lose licences
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down. The affected banks are Hedgeworth MFB, Utako,…
