Browsing Category
Business
Read Business Newspaper Online Today on OduNews.com
Learn more about business news today on this page
Also, view all the latest business news updates in Nigeria today
Read World Business News on this page
Learn more about Latest Business News In Nigeria Today on this page
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 per day. The decision was made at the 29th…
Read More...
Read More...
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 represents the highest recorded in the…
Read More...
Read More...
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 Management System (CRMS). This was contained in a…
Read More...
Read More...
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 recurring poor internet banking services. The two tier 1 banks appear to…
Read More...
Read More...
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 12 months. In a new report titled, “Transport Fare Watch (April…
Read More...
Read More...
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 quota allocated to it by the Organisation of Petroleum Exporting…
Read More...
Read More...
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 to implement adequate measures to improve revenue generation.,…
Read More...
Read More...
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 chart that suggests 487,000 eNaira app…
Read More...
Read More...
63M Tech Devices Sold In Nigeria Yearly; FAAC Disburses N656bn April 2022 Revenue To FG, States And…
Data from Original Equipment Manufacturers have shown that about 63 million devices are sold in Nigeria yearly. The report submits that device owners change their devices every…
Read More...
Read More...
Internet Service: Airtel, 9Mobile, MTN And Glo Face Stiff Competition From Elon Musk’s…
World Richest Man and SpaceX founder, Elon Musk, has announced that his satellite internet service, Star Link, has been licensed to operate in Nigeria. Musk announced on Friday…
Read More...
Read More...
FIRS Generates N532.5bn Tax From Companies In Q1 2022; Banks Borrowed N338.4bn From CBN In One…
The Federal Inland Revenue Service generated N532.5 billion as company tax in the first quarter of 2022. This was contained in the Company Income Tax report released by the…
Read More...
Read More...
African Crypto Exchange Platform, MARA Raises $23M
MARA, launched yesterday and announced $23 million in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL, and other crypto investors.…
Read More...
Read More...
CBN Pegs Interest Rate At 13.5%; FG’s Planned Increase In Phone Call Tax Worries Telecos;…
The Central Bank of Nigeria has raised the benchmark interest rate to 13.5%, odunews.com reports. The monetary policy rate (MPR) is the baseline interest rate in an economy,…
Read More...
Read More...
Nigeria’s Broadband Penetration Rises To 42.27% In March; Agricultural Sector GDP Grows By…
Nigeria's broadband penetration rose to 42.27% in March this year from 40.8% it recorded in February, odunews.com reports. This was contained in the data obtained from the…
Read More...
Read More...
Nigeria Records 3.11% GDP Rise In Q1 2022 – NBS
The National Bureau of Statistics says Nigeria recorded a 3.11% increase in its Gross Domestic Product for the first quarter of 2022. This was disclosed on Monday via the NBS'…
Read More...
Read More...
Embrace E-naira As Naira Notes Will Be Out Of Circulation Soon – CBN
The Central Bank of Nigeria has tasked Nigerians to embrace e-naira notes as the paper currency will soon be out of circulation. The Delta State Branch Controller of CBN, Mr…
Read More...
Read More...
Twitter Suspends 500,000 Spam Accounts As Musk Pauses $44b Takeover Deal
Microblogging platform Twitter says it has suspended 500,000 fake accounts, odunews.com reports. In addition to this, Twitter said millions of accounts that are unable to pass…
Read More...
Read More...
Naira Exchanges For ₦600 Per Dollar At Parallel Market
The Naira has further fallen to 600 naira per dollar at the parallel market, odunews.com can confirm. The figure represents a 0.8 per cent drop compared to N595 a dollar it…
Read More...
Read More...
We’re Yet To Approve New Electricity Tariff – NERC
Nigerian Electricity Regulatory Commission has not reviewed tariff rates in recent times. "The last tariff review was approved on December 31, 2021," said Garba. "It became…
Read More...
Read More...
NCC Clears The Air On Planned Tariff Increase By Mobile Operators
The Nigerian Communications Commission has taken note of the expectation that people are feeling because MNOs are asking for a higher rate. They have been reviewing what has been…
Read More...
Read More...