Business

The Minister of Finance, Budget and National Planning, Zainab Ahmed, says Nigeria is in good economic standing, and is not broke. While speaking at the 6th edition of President Muhammadu Buhari’s scorecard presentation organized by the Ministry of Information, the Minister emphasised that the country is in good economic standing. She added that the country […]

The Nigerian National Petroleum Company (NNPC) Limited has finally provided reason for the recent fuel scarcity being experienced in Lagos, Abuja, and some other major cities. In what appears to be their first official reaction to the crisis in the downstream oil industry, the NNPC has blamed the fuel scarcity and long queues at the […]

Owners of foreign-registered private jets, comprising top business moguls, leading commercial banks and other rich Nigerians, have dragged the Federal Government to court seeking to prevent the government from grounding their planes for allegedly refusing to pay import duty on the jets. The Federal Government had last November approved the decision of the Nigeria Customs […]

Nigerian Exchange Limited has joined six others in the African Exchanges Linkage Project to begin cross-border trading, to integrate the African capital market and free movement of investments in the region through the AELP link platform. According to PUNCH, the Exchange said, “The go-live happened when the platform was officially switched on at 0000 UTC. […]

President Muhammadu Buhari has finally broken his silence about the approval of the new naira note that has caused controversies between the Central Bank of Nigeria (CBN) and the Ministry of Finance, Budget, and National Planning. According to Buhari, the CBN had his backing on the decision to introduce new naira notes, adding that he […]

Lagos State Traffic Management Authority (LASTMA), On Sunday warned illegal/roadside traders to stop transacting businesses on Lagos roads to avoid causing gridlocks on some traffic in some parts of the State. The spokesperson for the agency, Taofiq Adebayo, in a statement, said the General Manager, LASTMA, Bolaji Oreagba, gave the warning while addressing officers on […]

The Central Bank of Nigeria (CBN) said it will start circulating newly redesigned N200, N500, and N1000 naira notes from December 15, 2022. This was disclosed by CBN’s Governor, Godwin Emefiele on Wednesday afternoon during a special briefing. He said the naira notes were redesigned following approval by the Federal Government. According to nairametrics, Mr Emefiele […]

President Muhammadu Buhari-led government on Wednesday disclosed that it has provided N470 billion Special Fund in the 2023 budget for university revitalisation and upward adjustment of lecturers’ salaries. The development was announced by the Minister of Finance, Zainab Ahmed during a press briefing in Abuja. Ahmed disclosed that N470bn was provided in the allocation to […]

The Minister of Works and Housing, Babatunde Fashola, on Wednesday, confirmed that the construction of the 2nd Niger bridge is now completed and will soon be released to the public for use. He stated this at an ongoing press briefing to present the President, Major General Muhammadu Buhari’s (retd.) scorecard in Abuja. He said, “I […]

Nigeria’s inflation rate surged to 20.77% in September 2022, up from 20.52% recorded in the previous month. NBS stated this in its Consumer Price Index (CPI) report published on Monday. According to Nairalytics, this represents the highest rate since September 2005. On a month-on-month basis, the index rose by 1.36% compared to the 1.77% increase […]


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