Business News

Subsidy removal: FG, states, LGs allocations hit N10.14tn

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared...

EFCC gets judgement to track Nigerians transacting on Binance

The Federal High Court in Abuja, on Monday, ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission with comprehensive information on...

Only seven banks can meet CBN recapitalisation requirements

No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement...

Nigeria’s inflation hit 31.70% in February- NBS

Nigeria’s inflation rate rose to 31.70 per cent in February from 29.90 per cent recorded in January 2024. This figure indicates an increase of 1.80...

Cable cuts: Operators working to restore connectivity, says NCC 

The Nigeria Communications Commission has confirmed that several African internet service providers faced outages due to submarine cable cuts, with cable operators actively engaged...

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