CBN May Raise Banks Capital Base to N900bn – Report
A new report has emerged with a projection that the Central Bank of Nigeria may ask commercial banks with international…
Banks Borrow N19.8tn from CBN, Says Report
Commercial and merchant banks increasingly depended on liquidity from the Central Bank of Nigeria in 2023 as their borrowing from…
10 industries in Nigeria that pay the highest tax
A significant source of revenue for Nigeria’s government comes from taxes, the continent’s largest market. The Nigerian tax system is…
Shoprite To Close Operations At Kano’s Bayero Mall Over Nigeria’s ‘Current Business Climate’
The Retail Supermarkets Nigeria Limited (RSNL), the Nigerian operator of the Shoprite franchise, has announced the closure of its Ado…
Nigeria inflation rose to 28.20% in November
Nigeria’s annual inflation increased from 27.33% in October to 28.20% in November, according to the National Bureau of Statistics (NBS).…
Lagos Readies for the Global Mentorbridge Summit
This year’sGlobal Mentorbridge summit promises to raise the bar in cross generational mentorship matching. The Summit which comes up on…
Investment Flows to Africa Dropped to $45 Billion in 2022
The United Nations in its UNCTAD’s World Investment Report 2023 published on 5 July shows that foreign direct investment (FDI)…
NLC suspends planned nationwide strike over naira scarcity
The Nigeria Labour Congress (NLC) has suspended their planned nationwide strike over the scarcity of naira notes. The labour union…
NBS: Nigeria’s GDP growth contracts to 3.1%
The National Bureau of Statistics (NBS) yesterday said Nigeria recorded yearly Gross Domestic Product (GDP) growth of 3.1 per cent…