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...
Active Internet Subscribers Rise To 148m In April
The Nigerian Communication Commission (NCC) says the number of internet subscribers has increased to 148.10 million in April. The figure...
CBN Slates August 1 To Commence Enforcement of Credit Risk System In OFIs
The Central Bank of Nigeria has slated August 1 to enforce Other Financial Institutions (OFIs) enrollment in the Credit Risk...
Customers Fume Over Zenith Bank, UBA’s Recurring Poor Banking Services
Zenith Bank and the United Bank for Africa have been on the lips of many Nigerians for days over their...
Airfare Records 52% Increase In 12 Months
Data by the National Bureau of Statistics have shown that the cost of air travel has increased by 52% within...
NNPC: Nigeria Produced 78% Of OPEC Oil Quota In April
NIGERIA’s oil production in April 2022 averaged 1.354 million barrels per day, mbpd, about 78 percent of the 1.735 mbpd...
Nigeria May Use 100% Revenue To Pay Debts By 2026 – IMF
The International Monetary Fund says Nigeria may use all its revenue to service debt by 2026 if the government fails...
Nigerians, Banks Not Impressed With eNaira
eNaira, the Africa’s first central bank digital currency (or CBDC), is being neglected by Nigerians. BusinessDay found an internal CBN...
63M Tech Devices Sold In Nigeria Yearly; FAAC Disburses N656bn April 2022 Revenue To FG, States And LGC’s
Data from Original Equipment Manufacturers have shown that about 63 million devices are sold in Nigeria yearly. The report submits...