The Central Bank of Nigeria (CBN) has concluded plans to stem the continuous slide of the naira against the dollar.
Top of these plans is to flood the market with dollars, it was learnt yesterday.
A CBN board member, who spoke to our…
Central Bank of Nigeria (CBN), yesterday, said it helped aggrieved customers recover N115.45 billion and $22.794 million, following complaints on illegal deductions and failed or fraudulent transactions brought to notice by aggrieved customers between 2012 and 2023.
Data released by the bank showed…
At the new RoE, uniformly used by the Global Distribution Systems (GDSs) of airlines, a six-hour Lagos-London Economy class ticket now ranges between N1.1 million to N4.2 million – subject to airline of choice, place, time of booking, and availability. Its Business class…
US tech giant Apple is being targeted by a class action lawsuit seeking over $1 billion in damages from developers angry about the high price it charges to market apps to users of its products, organisers said Tuesday.
The lawsuit was launched by…
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 25 basis points to 18.75 per cent.
The Acting CBN Governor, Folashodun Shonubi, disclosed this while reading the communiqué of the fourth MPC meeting…
Travellers are expressing their disappointment and frustrations as airfares continue to skyrocket, making it increasingly difficult for individuals to embark on their desired trips. The rising costs, coupled with economic uncertainties, have left many passengers in a state of dismay.
About two weeks…
Nigeria’s grave fiscal position for the 2022 financial year became clearer yesterday, as latest data showed that of N4.26 trillion total revenue available for financing the 2022 budget in the first three quarters of last year, a colossal sum of N4.23 trillion went…
Adata tracking website on Monday revealed that the Threads app launched by Instagram has surpassed 100 million users in five days.
The Nation reports Mark Zuckerberg launched Instagram Threads on Wednesday as an app to rival Twitter.
Checks by the Nation confirmed that only 10 million people…
Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday.
It was also gathered…