CBN: Working Towards A Healthy Economy, By Arize Nwobu
Some of the parameters that are used to define a healthy economy include the levels of imports and exports, exchange rate, interest rate, unemployment rate, consumer confidence and inflation rate….
FCCPC fines British American Tobacco $110m
Dec. 27, 2023 Nigeria’s competition commission has ordered British American Tobacco (BAT) to pay a $110 million fine following allegations of market dominance abuse and infringement of public health regulations,…
Don’t be alarmed by reports that haven’t emanated from CBN, your funds are safe in banks – CBN to depositors
Dec. 27, 2023 The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks. The Acting Director, Corporate…
Global 2024 staple food supplies to be strained by dry weather, export curbs
Dec. 26, 2023 High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024,…
WRC-23: Nigeria Now Signatory to Updated Gobal Radio Regulations
At the conclusion of the World Radiocommunications Conference (WRC) 2023, Nigeria joined the rest of the World to sign unto the Final Act WRC-23, which constitutes a record of…
CBN lifts ban on cryptocurrency transactions imposed by Emefiele
The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system. The CBN announced the reversal of…
India firm denies tampering with tests in probe of cough syrup deaths
December 23, 2023 India’s Maiden Pharmaceuticals, whose cough syrups have been linked to the deaths of children in Gambia, on Saturday denied it had tampered with test samples or bribed…
Angola’s OPEC exit opens way for more Chinese investment
Dec. 22, 2023 Angola’s decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country’s oil and other sectors,…
Nigeria tops African local food 2023 consumption trend – Glovo
Dec. 22, 2023 Nigeria has topped the African market for local food consumption in 2023. A survey by Glovo shows that local food orders skyrocketed by 25 times in 2023…
Ships rerouted by Red Sea crisis face overwhelmed African ports
Dec. 22, 2023 Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as…