Federal Government raises N264.527 billion from September bond auction amid lower rates
The Nigerian Federal Government has raised N264.527 billion at its September bond auction, according to the Debt Management Office (DMO).
Insecurity forces closure of five microfinance banks in the southeast in September 2023 – NDIC
At least five microfinance banks (MFBs) in Nigeria’s southeast were shut down in September 2023 due to insecurity in the...
86% of Nigerians in labour force have no post-secondary education in 2023
At least 86% of 88.9 million Nigerians in the labour force have no post-secondary education in 2023.
10 most expensive staple foods to buy in Nigeria in August 2024
The cost of living in Nigeria is high but moderating, with August 2024 Consumer Price Index (CPI) data showing a...
CBN to sell another $20,000 to each BDC at N1,590/$1, limits profit margin to 1%
The CBN has announced the approval of the sale of an additional $20,000 to each eligible Bureau de Change operator...
NBS says 84% of working-class Nigerians are self-employed
The National Bureau of Statistics (NBS) has disclosed that 84% of Nigeria’s working-class population is self-employed in the first quarter...
Nigeria’s export to Niger Republic jumps by 204% after border reopening
Nigeria’s export volume to Niger Republic has surged significantly in the second quarter of 2024
CBN to sanction banks for not dispensing cash via ATMs, plans N1.4 trillion for circulation
The Central Bank of Nigeria (CBN) has announced that it will sanction banks failing to dispense cash through their automated...
Dangote says it’s right time to remove subsidy in Nigeria, plans tracker for oil trucks
Alhaji Aliko Dangote, President and Chief Executive of Dangote Group, has urged the Nigerian Federal Government to fully remove fuel...
Average diesel price hits N1,406.05/liter as local marketers boycott Dangote Refinery products
The average price of diesel in Nigeria has risen by 1.93% month-on-month in August 2024, reaching N1,406.05 per liter.
