Category: Economy

Economy Top Stories

National Power Grid Collapses, Crashes To 59MW, Plunging Nigeria Into Darkness

2 months ago
Emmanuel Saviour
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In a turn of events, the national power grid of Nigeria experienced a crippling collapse on Sunday, sending power generation plummeting to a mere 59.9 megawatts around noon. This unprecedented…

Economy Top Stories

Forex Liquidity Surge As Banks Rush To Comply With CBN’s New Regulations

2 months ago
Emmanuel Saviour
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In a surprising turn of events, the official foreign exchange market witnessed a 180.59 percent surge in dollar supply, reaching a remarkable $440.13 million on Friday. The naira closed the…

Economy Top Stories

CBN Places $1m As Capital Requirements For International Money Transfer Operators-Report

3 months ago
Emmanuel Saviour
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In a move to fortify the foreign exchange market and streamline fund remittance, the Central Bank of Nigeria (CBN) has set a new benchmark, requiring International Money Transfer Operators (IMTOs)…

Business Economy Top Stories

Warri Refinery Nears Completion Amidst National Petroleum Revitalization Efforts

3 months ago
Emmanuel Saviour
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In a development, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that the long-awaited mechanical completion of the Warri Refining and Petrochemical Company is anticipated in the first quarter of…

Economy Politics Top Stories

Nigerians Are Crying, Address Economic Pains – Musician K1 Begs Tinubu

3 months ago
Emmanuel Saviour
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Wasiu Ayinde Marshal, the renowned Fuji maestro known as K1 De Ultimate, took the stage to deliver a heartfelt message to President Bola Tinubu on behalf of Nigerians. In a…

Economy Featured Top Stories

N890bn Injected Into Nigeria’s Economy In 3 Months Under Cardoso’s Leadership

3 months ago
Emmanuel Saviour
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The Central Bank of Nigeria (CBN) reports an increase of N890 billion in currency in circulation (CIC) between September 2023 and December 2023. This surge, observed during Governor Cardoso’s first…

Business Economy Top Stories

Maintaining Healthy Diet For Nigerians Soars From N703 To N786- NBS

3 months ago
Emmanuel Saviour
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The National Bureau of Statistics (NBS) disclosed yesterday that the average cost of maintaining a healthy diet for Nigerian adults has surged from N703 in October to N786 in December…

Business Economy Top Stories

Sell Excess Dollar In 24hrs, CBN Orders Banks

3 months ago
Emmanuel Saviour
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In a move to stabilize the nation’s exchange rate, the Central Bank of Nigeria (CBN) has issued a directive compelling Deposit Money Banks to sell their excess dollar stock by…

Economy Featured JAMB

JAMB Gives Strict Warning Against Multiple 2024 UTME Registrations

4 months ago
admin
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The Joint Admissions and Matriculation Board (JAMB) issues a stern caution to candidates and the public regarding the 2024 Unified Tertiary and Matriculation Examination (UTME) registration. Severe Consequences for Offenders…

Economy Featured

500 Dollars To Naira Today 3rd June

11 months ago
Woko Emmanuel
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Today, see our comprehensive guide as we look at the price of USD to naira today June 3rd, 2023 in the black market exchange rate!  In the past few days,…

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