IATA Projects $700m Loss For Nigerian Airlines, Others In 2022
The International Air Transport Association says Nigerian airlines and others across Africa will lose $700 million in 2022.
Stock Investors Record N767bn Loss In A Week
It was a gloomy week for investors on the floor of the Nigerian Exchange Limited last week as they recorded a N767 billion loss at the end of trading.
FG Directs DisCos To Resume Free Distribution Of Meters
The Federal Government has directed electricity distribution companies to resume the distribution of meters to consumers for free. Although the...
3 Airlines To Stop Operation Soon As Aviation Fuel Price Jumps To N714 Per Litre
Airline Operators of Nigeria (AON) said on Wednesday that over 70 airlines no longer exist in the country and three...
CBN Pumps In N21bn To Cocoa, Sesame Seed Production
The Central Bank of Nigeria says it has disbursed N21 billion to aid the production and exportation of cocoa and...
Nigeria’s Inflation Rate Hits 11-Months High At 17.71% In May
Nigeria’s inflation rate surged to 17.71% in May 2022, recording an increase from 16.82% recorded in the previous month. The...
Naira Exchanges For N607 Per Dollar At Parallel Market
Naira was quoted at N605 per dollar in the parallel market on Tuesday, OduNews reports. The figure represents a depreciation...
BREAKING: OPL 245: Nigeria Loses $1.7bn Case Against JP Morgan
A London court has ruled that Nigeria was not defrauded in the $1.7bn claim against United States bank, JP Morgan...
Lagos, Abuja Top Destination For Foreign Investors In Q1’22
32 states, including Rivers and Kano attracted zero foreign investments in the first quarter of 2022
Binance Pauses Bitcoin Withdrawal As Price Drops Below $24,000
Binance CEO Changpeng Zhao announced the temporary halt on withdrawals of bitcoin
Brent Crude Oil Price Slides To $120 Per Barrel
The global oil prices fell on Monday to $120.9 a barrel
At N46.5trn, Nigeria’s Money Supply Hit Highest In 5 Years
As the country continues to battle inflation, Nigeria's money supply increased to N46.5trn in April.
Despite FG’s Restriction, Nigerians Transact N78bn Bitcoin In 3 Months
The Central Bank of Nigeria had placed a restriction on bitcoin transactions in the country since February 2021
Access Bank Set To Acquire Kenya’s Sidian Bank For $37m
Access bank Plc has announced that it has reached an agreement with the investment firm Centum Investment Plc to procure...
Nigeria’s Debt Rises To N41.6trn In Q1 2022
Nigeria’s public debt has increased to N41.6 trillion in the first quarter of 2022, OduNews reports. This represents an increase...
Nigeria’s Electricity Generation Peaks At 3,504MWh
Nigeria’s electricity generation has risen to 3,504.9MW on Tuesday, while off-peak was 2,903.4MW. Notably, 98.63% of the generated energy in...
SEC Announces Unique Identifier For Capital Market; NBS Says Subsidy Hits 45% Of Fuel Import Bill In Q1, 2022; Nigeria’s Foreign Reserves Fall By 5% As South Africa Records Huge Increase
The Securities and Exchange Commission has announced that capital market operators will get unique identifiers to curb fraud in the...
CBN’s Increased Rate Predicts Harder Times For SMEs
Emerging from the third Monetary Policy Committee meeting of 2022, the CBN Governor, Godwin Emefiele, said the rise in the...
Bank Customers To Pay Indemnities For Transfer Above N1m – CBN
The Central Bank of Nigeria has ordered banks to collect indemnities on online transfers above N1 million, OduNews reports. The...
OPEC+ Raises Oil Production From 432,000 To 648,000 Barrels Per Day
The Organisation of Petroleum Exporting Countries and non-OPEC partners have agreed to raise the global oil supply to 648,000 barrels...