Economy

Comply with regulatory standards, ex-NAFDAC director tells bakers

Rev. William Effiok, a former Director of Food Registration and Regulatory Affairs at the…

Rising costs forcing bakery closures, bread price hikes – Report

Staple food, Bread is becoming scarce in many households as the cost of flour…

Moghalu calls for caution over CBN act review

A former deputy governor of the Central Bank of Nigeria, Kingsley Moghalu, has urged…

Tinubu to present 2024 budget third week of Nov – Sources

President Bola Tinubu will present the 2024 Appropriation Bill of N26.01trn to a joint…

Why Naira is regaining strength against dollar – ABCON

The Association of Bureau De Change Operators of Nigeria has attributed the recent appreciation…

CBN begins clearing FX forwards backlog

The Central Bank of Nigeria has started clearing its $7 billion backlog of foreign…

Pay $72.5m fine to FIRS, court orders MTN

The Tax Appeal Tribunal in Lagos has issued an order for MTN Nigeria Communications…

CACOL cautions FG on rising debt profile

The Centre for Anti-Corruption and Open Leadership, a civil society organization, has issued a…

S’Africa to displace Nigeria as Africa’s biggest economy in 2024 – IMF

The International Monetary Fund has forecast that South Africa will overtake Nigeria as Africa's…

FG proposes over N26tn budget for 2024

The Federal Government has put forward a budget proposal of N26.01 trillion for the…

Rail tracks not marketplace, Sanwo-Olu warns Lagos residents

The Governor of Lagos State, Babajide Sanwo-Olu, has cautioned residents against engaging in any…

Petrol scarcity looms as stations shut down in Lagos, others

Petrol scarcity looms as stations shut down in Lagos, othersPetrol scarcity has returned to…

Oil production hits 1.7 million barrels/day

Nigeria's oil production has climbed from 1.1 million barrels per day in August 2023…

Tinubu removes FCT from treasury single account

President Bola Tinubu has removed the Federal Capital Territory Administration from the Treasury Single…

CBN lifts ban on 43 items after eight years

The Central Bank of Nigeria has lifted the foreign exchange restrictions placed on 43…