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No FX revaluation gains for dividend payment, CBN warns banks
By Stanley Onyeka, Lagos The Central Bank of Nigeria (CBN) yesterday warned commercial banks not to use their…
Experts worry over hike in CBN interest rate to 22.75%
By Clara Nwachukwu The astronomical increase by 400% basis points of interest rate to 22.75% by the Central…
CBN directs BDCs to sell FX at 1% profit
By Stanley Onyeka, Lagos Henceforth, bureau de change (BDC) operators are expected to sell foreign exchange (FX) to…
FG unveils expatriate employment levy to boost job opportunities for Nigerians
By Tochukwu Bliss, Abuja The Federal Government, yesterday, launched the Expatriate Employment Levy (EEL), to facilitate home-grown skill…
Police boasts of giving biscuits, water to protesters in Lagos
. As NLC suspends nationwide protest, extends deadline to March 13 By Tochukwu Bliss, Abuja The Police in…
Nigerians embark on cost-of-living street protests
Hundreds of protesters on Monday took over some major streets in Lagos to protest high food prices and…
High food prices push Nigeria’s inflation higher to 29.9%
By Clara Nwachukwu Skyrocketing food prices pushed Nigeria’s annual headline inflation rate to 29.90% in January from 28.92%…
Economic hardship: IMF stresses support for poor Nigerians
By Clara Nwachukwu To cushion the impact of current economic hardship, the International Monetary Fund (IMF), has stressed…
Tinubu directs immediate release of grains amid rising food prices
President Bola Tinubu has directed the Ministry of Agriculture and Food Security to release about 42,000 metric tonnes…
Labour issue 14-day nationwide strike notice over economic hardship
By Tochukwu Bliss, Abuja Labour movement under the auspices of the Nigeria Labour Congress (NLC) and the Trade…