Nigerians express outrage as NIMC announces plans to charge fees for new national identity cards, labeling the move as unjust. Critics slam the commission's decision, calling it a burden on citizens. Social media erupts with discontent over the proposed payment system for ID cards."
Abisoye...
Discover the impact of escalating food prices on Nigerian households amidst stagnant wages. Explore the latest costs of essential staples like rice, beans, and garri, highlighting the financial strain on citizens. Calls for government intervention intensify as families struggle to meet basic...
Explore Nigeria's economic landscape as the naira depreciates against the dollar, reaching N1,459.73. IMF's call for stability amidst high demand and scarcity.
Amidst a backdrop of economic turbulence, Nigeria's currency, the naira, continued its downward spiral against the US dollar...
The Central Bank of Nigeria (CBN) has recently unveiled a detailed roster of licensed Deposit Money Banks (DMBs) in Nigeria, providing valuable insights into the nation's banking sector. The list, organized by the types of licenses each institution holds, offers a comprehensive overview of...
Explore the Central Bank of Nigeria's decision to extend the suspension of cash deposit fees amidst backlash over the cybersecurity levy. Learn how this impacts individuals and corporations, shaping financial strategies in Nigeria's evolving banking sector.
The Central Bank of Nigeria (CBN) has...
Explore the economic turmoil in Nigeria's currency markets as the Naira struggles against a surging U.S. Dollar. Amidst regulatory interventions and Federal Reserve policy uncertainties, fluctuations in exchange rates prompt concerns over FX liquidity.
On Wednesday, the Naira experienced a...
Here is a comprehensive guide to navigating CAC registration in Nigeria under the recent CBN mandate. With ten straightforward steps outlined, entrepreneurs can ensure compliance with ease. From selecting a business name to document retrieval, this guide empowers entrepreneurs to streamline the...
Learn about the controversy surrounding the Federal Government's introduction of a $300 landing fee for helicopter operators through NAEBI Dynamic Concepts Limited. While some operators comply, others resist, sparking division within the industry. Minister Festus Keyamo issues a directive...
Reports indicate Microsoft's potential closure of its Lagos Development Center, jeopardizing 200 jobs. The move spells uncertainty for Nigeria's tech landscape and innovation prospects. While the company remains tight-lipped, economic challenges are speculated to drive the decision. The shutdown...
Amid economic uncertainties, the Nigerian Naira has depreciated to N1,415 per dollar in the parallel market, while in the Nigerian Foreign Exchange Market (NAFEM), it stands at N1,416.57. This decline reflects ongoing challenges in the economy, impacting exchange rate stability and financial...
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