Business
NCC to Announce New Telecom Tariff Plan on December 13
NCC will unveil simplified telecom tariff plans on December 13, 2024, limiting operators to seven plans to enhance transparency and fairness.
29 November 2024
Business
Business
CBN Introduces New Guidelines for Interbank Foreign Exchange Trading via EFEMS
CBN has unveiled new guidelines for interbank forex trading through the Electronic Foreign Exchange Matching System (EFEMS)
28 November 2024
Business
Naira Gains in Official Market Amid Black Market Volatility
Naira records gains at official market, slides at black market as Monetary Policy Committee (MPC) raise interest rate slightly.
27 November 2024
Business
Nigeria’s GDP Growth Hits 3.46% in Q3 2024
Nigeria’s GDP grew by 3.46% in Q3 2024, led by the services sector’s 5.19% growth. With oil sector been key economic drivers
26 November 2024
Business
Analysts Forecast 50 Basis-Point Rate Hike Amid Surging Inflation
Nigeria’s MPC begins its final 2024 meeting with analysts predicting a 25-50 bps hike in the Monetary Policy Rate to tackle rising inflation
25 November 2024
Business
Zenith Bank Awards N77.5m at 4th Tech Fair Hackathon
Zenith Bank’s Tech Fair 4.0 awards N77.5m to innovative startups, with JumpnPass winning N25m. The event also launched EazyByZenith
24 November 2024
Business
FG Raises Over ₦346 Billion From November 2024 Bond Auction
Nigeria’s Debt Management Office raised ₦346.155 billion in its November 2024 bond auction, reflecting high investor demand and increased marginal rates
22 November 2024
Business
Nigerian Banks Offer 8.18% Interest Rate on Savings Accounts Following CBN Policy Adjustment
Central Bank of Nigeria’s (CBN) monetary policy adjustment to 27.25%, 19 Nigerian banks now offer an 8.18% savings account interest rate.
21 November 2024
Business
Naira Plunges to N1750/$ at Black Market Despite Official Market Gains
Naira weakens to N1750/$ at the black market amid dollar demand pressure, while official markets see a slight recovery to N678.6/$
20 November 2024
Business
Nigerian Telcos Record 40.8% Drop in ARPU
Nigerian telcos face a 40.8% drop in Average Revenue Per User (ARPU) as operational costs soar. MTN Nigeria and Airtel Nigeria suffer declining profit
19 November 2024
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