CBN Governor Cardoso fires 25 of 29 directors in major shakeup, sparking debates on reform and allegations of tribalism.
In a shocking move, the newly appointed Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has fired 25 out of the 29 directors he inherited upon assuming...
Petrol landing cost in Nigeria soars 46.8% to N1,026.71/liter amid subsidy confusion, sparking outrage over economic hardship.
The landing cost of petrol in Nigeria has skyrocketed by 46.8% year-on-year to N1,026.71 per liter in May 2024, up from N545.83 in the same period last year. This...
Industry leaders assess President Tinubu's first year, praising ICT initiatives but urging more action on costs, infrastructure, and policies to fulfill digital economy vision.
As President Bola Ahmed Tinubu's administration marks one year in office, key players in Nigeria's Information and...
Kimberly-Clark begins shutting down its Nigerian operations, laying off nearly 90% of its workforce after announcing its exit. The company cites strategic global priorities and local economic challenges.
Kimberly-Clark, the American multinational company known for Huggies diapers, has started...
Stay updated on the latest shift in Nigeria's Naira-Dollar dynamics. June 3rd, 2024, marks a potential game-changer with the Naira stabilizing against the US Dollar at ₦1,481 in the black market.
The Nigerian Naira and the US Dollar's relationship has often been tumultuous, but June brings a...
Explore the stark contrast in minimum wages across top oil-producing African nations, with Nigeria trailing behind at ₦30,000. Calls for reform intensify as comparisons reveal Gabon at ₦376,500 and Equatorial Guinea at ₦323,878.
The recent disclosure of minimum wages across top oil-producing...
The NDIC will pay a maximum of N5 million to each Heritage Bank depositor following the lender's license revocation. This aligns with deposit insurance laws, protecting customers' funds up to the insured limit during bank failures.
The Nigeria Deposit Insurance Corporation (NDIC) has announced...
Heritage Bank's license was revoked by CBN following NDIC visit, citing financial regulation breaches. Exclusive report reveals bank's struggles and impending takeover. Concerns over Nigeria's banking sector stability grow.
In a decisive move, the Central Bank of Nigeria (CBN) has revoked the...
Nigeria's Finance Minister Wale Edun explains why multinationals are leaving due to foreign exchange issues, high energy costs, and regulatory challenges. Government efforts, including new policies and an Economic Stabilization Package, aim to improve the investment climate and attract more...
Nigeria's Finance Minister assures food inflation will decrease with upcoming harvests, providing relief from soaring prices. The government focuses on boosting agricultural output through funding, seeds, and fertilizers to increase food availability.
Amidst soaring food prices that have...
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