$10bn Spent Annually On Education, Medical Tourism - Emefiele   The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism. Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he...

Like Nigeria, Indonesia may Block Facebook, Google, WhatsApp over New Regulations   The Indonesian authorities are set to block social media applications and online sites including Google, Facebook, and WhatsApp. The decision of the Indonesian government is similar to a recent indication...

Banks Review Forex Sale Policy As Dollar Scarcity Persists   Commercial banks have reviewed their policy on forex sales to Nigerian students abroad and travellers. Quarterly dollar disbursements to customers were slashed, with a limit to students schooling abroad pegged at $1,500...

Crude Oil Price Hits Over $100/barrel   The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria maintained an increased pump price for Premium Motor Spirit,...

Stock Market Rises By N355bn As Airtel Africa, Others Gain   Despite the shortened trading week due to two-day public holidays, the stock market of the Nigerian Exchange Limited (NGX) halted its profit-taking streak by investors as Airtel Africa Plc added...

PenCom Says Under-40 Workers In Contributory Pensions Now At 86%   Workers below 40 years under the Contributory Pension Scheme rose from 73 per cent at the end of 2021 to 86.4 per cent by end of the first quarter of...