Currency in Circulation Hits N4.8trn Amidst Cash Crunch   The total currency in circulation in Nigeria reached N4.8 trillion in November 2024, up 7% from the previous month and representing an all-time high. Also, currency outside banks grew significantly in the same month hitting an all-time high of N4.6...

NGX Records N987bn Gain in Opening Session of the Week   The Nigerian Exchange Limited (NGX) wrapped up its first trading day of the week with a market capitalization of N62.5 trillion. The session saw an impressive 641,117,293 shares change hands in 13,778 transactions. The value of...

Finance Ministry Establishes Committee to Tackle Corruption   The Federal Ministry of Finance has inaugurated its Anti-Corruption and Transparency Unit Committee to enhance transparency and accountability within the public service. This was according to a statement by the Director of Information and Public Relations at the Ministry...

Tariff Hike: Telcos Warn of Imminent Shutdown   Nigerian telecom operators have issued a stark warning, cautioning that a delay in reviewing tariffs beyond the first quarter of 2025 could have severe repercussions, including undermining the sector's growth prospects, destabilizing operations, and diminishing its economic contributions. For the...

NLC, OPS Fear Rising Inflation Amid Failed Food Import Policy   The Nigeria Labour Congress and members of the organised private sector have strongly criticized the Federal Government for its slow pace in implementing a duty waiver on imported food, which was announced in July this...

Zulum Commissions Remodelled State Hotel, Maiduguri Borno State Governor, Babagana Umara Zulum, commissioned the remodelled Borno State Hotel in Maiduguri on Monday. The remodelled State Hotel showcases a blend of contemporary design and traditional Borno architecture. It has upgraded facilities, including a state-of-the-art conference hall, luxurious...