News at the speed of light
The Central Bank of Nigeria (CBN) reported a significant increase in currency management expenses for 2024, with costs escalating by over 300% due to persistent cash shortages that…
The Corporate Affairs Commission (CAC) has issued a stern six-week ultimatum for businesses in Nigeria that are operating without proper registration. The Commission warned that any company failing…
Nigeria’s cold chain industry, valued at approximately ₦160 billion, is rapidly emerging as a prime investment opportunity. The sector, which includes temperature-controlled logistics essential for the preservation of…
In 2023, Nigeria received $19.5 billion in diaspora remittances, accounting for 35% of sub-Saharan Africa’s total remittance inflows. This figure represents a 2.9% decline from the previous year,…
Zenith Bank Plc has declared a total dividend payout of ₦195.67 billion for the 2024 financial year, delighting shareholders with a distribution of ₦5.00 per share. The dividend…
The Securities and Exchange Commission (SEC) has intensified its campaign against illegal investment schemes, taking its sensitization program to traders and business owners at Wuse Market in Abuja.…
Nigeria’s economy is facing a challenging outlook, with inflation projected to rise sharply to 37% by 2026. The steep increase is attributed to mounting global economic pressures, including…
The Nigeria Customs Service (NCS) has reported a revenue generation of ₦1.75 trillion for the first quarter of 2025, surpassing its target by ₦106.5 billion. However, the agency…
The Central Bank of Nigeria has expressed concern over possible economic setbacks stemming from new reciprocal tariff measures introduced by the United States, even as the country records…
The federal government generated N6.95 billion from mining-related fees in the first quarter of 2025, according to the Minister of Solid Minerals Development, Dele Alake. He revealed the…
