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Category: Finance

Minimum wage in Nigeria – what employees should know
BusinessFinance

Minimum wage in Nigeria – what employees should know

What employees in Nigeria should know about minimum wage in Nigeria. A minimum wage is a marker for the lowest…

Christina NgeneJuly 28, 2021July 28, 2021
CBN – $35 billion foreign reserves will cover seven months of import
BusinessFinance

CBN – $35 billion foreign reserves will cover seven months of import

The Central Bank of Nigeria, (CBN), has said that the country’s foreign exchange reserves at about $35 billion would cover…

Christina NgeneJuly 27, 2021July 27, 2021
CBDC in Nigeria – things to know as CBN launches digital currency, e-naira
BusinessFinance

CBDC in Nigeria – things to know as CBN launches digital currency, e-naira

The CBN said it will launch a digital naira, e-naira on October 1 A Central Bank of Nigeria, CBN has…

Christina NgeneJuly 23, 2021September 29, 2021
CBN names BUA, two others for sugar importation, restricts foreign exchange
BusinessFinance

CBN names BUA, two others for sugar importation, restricts foreign exchange

The Central Bank of Nigeria CBN who had earlier put a ban on sugar importation and restricted its access to…

Christina NgeneJuly 16, 2021July 16, 2021
Dangote, BUA, and Golden sugar refinery only are allowed sugar importation – CBN
BusinessFinance

Dangote, BUA, and Golden sugar refinery only are allowed sugar importation – CBN

CBN – sugar importation license to Dangote, BUA and Golden sugar refineries. The Federal Government of Nigeria has limited sugar…

Christina NgeneJuly 16, 2021July 16, 2021
Nigeria CPI, inflation drops by the rate of 17.75% in June
BusinessFinance

Nigeria CPI, inflation drops by the rate of 17.75% in June

Nigeria: Consumer Price Index, CPI comes in at 17.75% in June. This shows a slightly slower rise in prices than…

Christina NgeneJuly 16, 2021October 12, 2021
Key things to know about the Nigerian Exchange and Stock Market, NGX
BusinessFinanceNGX

Key things to know about the Nigerian Exchange and Stock Market, NGX

The Nigerian Exchange Group, NGX Group, is Nigeria’s prime monetary institution and a leader in stock listing and trading in…

Christina NgeneJuly 14, 2021July 20, 2021
CBN limits the activities of mobile money services in Nigeria, no foreign currency deposits
BusinessFinance

CBN limits the activities of mobile money services in Nigeria, no foreign currency deposits

The guidelines issued by the Central Bank of Nigeria, CBN allows for operations of mobile money services in Nigeria. However,…

Christina NgeneJuly 13, 2021July 13, 2021
CBN excludes telcos as mobile money operators in Nigeria
BusinessFinance

CBN excludes telcos as mobile money operators in Nigeria

Mobile money operations have become increasingly important in Nigeria to maintain financial inclusion, robust transactions and promote economic efficiency. The…

Christina NgeneJuly 12, 2021July 13, 2021
PIB to restrict license and eliminate small importation of petroleum products
BusinessFinance

PIB to restrict license and eliminate small importation of petroleum products

Petroleum Industry Bill (PIB) as outlined by the two chambers of the National Assembly is being debated for overlooked issues…

Christina NgeneJuly 12, 2021August 19, 2021

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News Summary Today

The explosion and a suspected attack on the Trans-Niger Pipeline, TNP, have warranted a state of emergency in Rivers State. President Bola Tinubu made the announcement Tuesday, where he also suspended the current administration as well as, instated a new leader, Vice Admiral Ibokette Ibas, for six months to run the affairs of the state.

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