Economy

By John Ikani Nigeria's central bank, the Central Bank of Nigeria (CBN), swung the hammer on inflation Tuesday, raising its benchmark interest rate by 150 basis points. This increase, from 24.75% to 26.25%, aims to curb...

By Emmanuel Nduka The UK has asked the Nigerian government to pay up its embassy congestion charge, which now stands at £8.4 million and has been unpaid for about 20 years. The UK Transport for London...

By John Ikani The Nigerian foreign exchange (FX) market is projected to experience further naira depreciation, despite an increase in the country's external reserves. According to the Central Bank of Nigeria (CBN), Nigeria’s external reserves climbed...

By Enyichukwu Enemanna The United Kingdom Civil Aviation Authority (CAA) has accused Nigerian carrier, Air Peace of violating some safety regulations, officially launching its complain to the Nigeria’s Civil Aviation Authority (NCAA). The CAA’s letter to...

By John Ikani Aliko Dangote, Africa's wealthiest businessman and head of Dangote Group, has urged significant changes to visa regulations across the continent. He highlighted the challenges these policies pose for investors and business leaders seeking...

By Emmanuel Nduka The Nigerian Exchange Ltd. (NGX) positively gained on Thursday with the market capitalisation rebounding by N467 billion amid renewed investor interest in the last one week. Heritage Times HT reports that the market...