CBN directs banks to demand customers’ social media handles for account opening
The Central Bank of Nigeria (CBN) has issued guidelines requiring banks to collect and verify social media handles as part…
Tinubu’s advisory council recommends extension of validity of old naira notes to Dec 2024
In light of the current economic realities, the policy advisory council of President Bola Tinubu has asked the Federal Government…
FG’s Q1 company income tax revenue dips by 37.7%
The Federal Government’s revenue from company income tax declined by 37.79per cent in the first quarter (Q1) 2023, falling from…
World Bank lists Nigeria among countries with ‘high food security concern’
The World Bank has retained Nigeria alongside Afghanistan, Somalia, South Sudan and Yemeh as hotspots of global food security concerns,…
RMAFC backs subsidy removal, says N8.4trn NNPC contribution to FAAC withheld since Jan 2022
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has reiterated its support for the removal of the petrol subsidy by…
Ecobank Partners Dashen Bank to Launch Remittance App Targeting Ethiopians in the Diaspora
Pan-African banking group Ecobank, is partnering with Ethiopia’s Dashen Bank to enable Ethiopians living in the diaspora, specifically Europe, to…
Eurozone slips into recession as energy prices soar
The eurozone entered a technical recession in the first three months of 2023 as soaring energy prices and rising interest…
World oil demand to rise by 2.33m bpd in 2023 –OPEC
For the third month running, the Organisation of Petroleum Exporting Countries (OPEC) has barely changed its forecast of global oil…
eNaira adoption disappointingly low, says IMF
The International Monetary Fund (IMF) says 98.5 percent of eNaira wallets have not been used even once. In its recently…
Food price inflation remains high globally – World Bank
The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security…