Thursday, April 17, 2025
Volatile exchange rate and galloping inflation have slowed the growth of Nigeria’s real estate sector, forcing potential investors to second-guess their moves. Property prices have jumped across the Nigerian market, but real earnings have failed to match them, slowing investments and growth. The contribution to construction to the real gross […]
For decades, Nigeria’s economy has been closely tied to the fluctuations of global oil markets. Since the discovery of oil in 1956, it has been the main source of revenue and dominated exports. However, as the world moves towards greener energy and oil prices become increasingly volatile, Nigeria is shifting […]
Hon. Justice Olufunke Anuwe of the Abuja Judicial Division of the National Industrial Courth as declared the failure of the Clerk of the National Assembly to pay Abed Anyadike the sum of N10,215,756.14 being the outstanding sum of his Salary and Allowances for the period of his appointment as Senior […]
…Nigeria second on top 20 global crypto adoption list Crypto adoption in Nigeria has continued to gain traction despite crackdowns by regulatory authorities. Africa’s most populous nation retained its number two spot on the 2024 Global Crypto Adoption Index Top 20, according to Chainalysis, a global blockchain platform. This ranking, […]
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) may face a tricky decision regarding whether to hold or raise the benchmark interest rate in view of the recent petrol price hikes. With inflation slowing for the second straight time to 32.15 percent in August 2024, analysts had projected […]
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would not be tolerated. According to the FG, the new minimum wage is necessary to address the current economic reality, emphasising that no Nigerian worker, whether in […]
The naira, on Tuesday, recorded a six-month low of N1,656.49 per dollar in the official foreign exchange (FX) market following a strong demand for the greenback by the end users. On February 23, 2024, the naira/dollar exchange peaked at N1,665.50/$ on dollar shortages. The turnover on that day was $151.93 […]
The Central Bank of Nigeria (CBN) has issued a strong warning to commercial banks, payment system service providers, and other financial institutions regarding delays in responding to customer complaints. According to a new directive, banks will face a fine of N100,000 per day if they fail to address customer complaints […]
The number of new study permit applications processed by the Canadian government decreased by 54 percent in the second quarter (Q2) of 2024 when compared with the corresponding period of 2023. According to an analysis by ApplyBoard, a Canadian educational technology platform, the number of applications processed will also decline […]
Marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company (NNPC) from Dangote Petroleum Refinery, BusinessDay has learnt. Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN), on Tuesday, said unresolved pricing issues are among the major reasons why its […]