Month: February 2024

Nigeria’s Economic Growth Slows to 2.74% Nigeria’s gross domestic product (GDP) growth slowed down to 2.74% in 2023, according to data released by the statistics office on Thursday. In 2022,…

AfDB Commits $80m to Ekiti Knowledge Zone Project In the heart of Nigeria’s Ekiti State, a ground-breaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step…

Dangote Sugar Opens N50bn Commercial Paper for Subscription To boost working capital, Dangote Sugar Refinery Plc has opened N50 billion debut series 1 commercial paper offering to investors in the…

Petrol Price Stood at N668.30 in January – NBS National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N257.12 in January 2023…

Yuan Strengthens 7.1018 Against Dollar The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 12 pips to 7.1018 against the dollar on Thursday, according to the…

Naira Sees One Side Gain as FX Gap Hits N260 The rising demand for foreign currency is negative for FX convergence despite two large devaluations of the Naira in less…

FG Committed to Implementing Agreement With Labour The Federal Government says it is committed to implementing the agreements it entered with organised labour on the general welfare of workers and…

Gombe Govt Earmarks N5.2bn for Payment of Retirees’ Gratuities Gombe State government has earmarked more than N5.2 billion for the payment of gratuity to both local and state governments retirees.…

Nigeria Restricts Binance, Others as FX Fight Gets Dirty Telecommunication companies in Nigeria have restricted access to the websites of cryptocurrency firms such as Binance, OctaFX, Coinbase and others as…

Nigeria to Complete 1999 Constitution Amendment in 2 Years The Senate Committee on the review of the 1999 Constitution, has promised to complete the process in 24 months. The Chairman…