Business

Nigeria’s newly redesigned naira notes are now in circulation as Deposit Money Banks today began dispensing the bills to their customers through over-the-counter payments. This is coming three weeks after President Muhammadu Buhari…

President Muhammadu Buhari on Sunday said that the decision of the Central Bank of Nigeria (CBN) to launch new designs and replace high value Naira notes had his support and is convinced that the nation will gain a lot by doing so.…

The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes. CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja. The new design and issues will be effective…

The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth prospect by 0.2 percentage points to 3.2 per cent in the face of rising uncertainty across the globe. In its October World Economic Outlook (WEO) update…

The Coalition for Truth and Justice (CTJ) has accused the management of Dangote Cement of a plot to disrupt the peace and security in Kogi State over the government's insistence to recover its shares in the company. The group…

Nigeria's plan to commercialise gas burned from its oil fields was at an advanced stage and would help cut 15 million tonnes of carbon emissions from the atmosphere, the petroleum minister said on Tuesday after meeting U.S. climate envoy…

The Federal Government says the newly completed Terminal Two of the Murtala Mohammed International Airport in Lagos has the capacity to process 14 million passengers per annum. The Minister of Information and Culture, Alhaji Lai…

Power has been restored in Nigeria after a nationwide blackout due to a workers' strike over pay. Africa’s most populous nation was plunged into darkness on Wednesday after the workers shut down the national power grid. The electricity…

Inflation in Nigeria has reached its highest level since 2005, at 19.64% compared to 18.6% in June, according to the National Bureau of Statistics (NBS). Food inflation was also up to 22.02% in July compared to 20.6% in June. The cause of…

The presidential candidate of the Labour Party, Peter Obi, has said that the oil subsidy regime in Nigeria must end. He said this on Thursday via his Twitter handle, while sharing photos from a summit organised by the Labour Party at the…