Economy

Banks raise withdrawal limit to N50,000 in Abuja

Banks in the Federal Capital Territory have raised the daily withdrawal limit for over-the-counter…

Reps to probe CBN mass retirement plan

The House of Representatives has launched an investigation into the mass retirement of 1,000…

FG, France sign agreement to boost mining sector

The Federal Government of Nigeria and France have signed an agreement to work together…

UBA to begin banking operations in France

United Bank for Africa has signed an agreement to start full banking operations in…

Reps summon Cardoso, bank CEOs over unverified POS operators

The House of Representatives has decided to invite the Central Bank of Nigeria Governor,…

New P’Harcourt refinery to start mid-2025 – NNPCL

The Nigerian National Petroleum Company Limited has announced that the new Port Harcourt Refining…

AI solutions can tackle Nigeria’s security, economic challenges – Shettima

Vice President Kashim Shettima has urged the adoption of artificial intelligence to address Nigeria’s…

Crude oil prices drop 2% over Israel-Hezbollah ceasefire report

Oil prices fell sharply on Monday, with Brent crude dropping by 2.45% to $73.34…

Unemployment rate drops to 4.3% in Q2 2024 – NBS report

The National Bureau of Statistics has reported a decline in Nigeria's unemployment rate, which…

Nigeria loses $384m annually to global tax abuse — Report

A new report by the Tax Justice Network has revealed that Nigeria loses $384…

NNPCL begins crude oil sale internationally

The Nigerian National Petroleum Corporation Limited has officially launched its Utapate crude oil blend…

FCCPC uncovers contaminated sugar in Nigerian markets

The Federal Competition and Consumer Protection Commission has uncovered substandard and unregistered sugar products…

Ekiti gov signs N70,000 minimum wage agreement

The Ekiti State Government has signed an agreement with the Nigeria Labour Congress and…

FG inaugurates council to protect national infrastructure

The Federal Government has inaugurated a new council to protect critical national infrastructure in…

FG revenue rose by 76% in 2023

The Federal Government’s revenue grew significantly by 76%, reaching ₦12.5 trillion in 2023, compared…