Economy
MTN Group Posts First Loss Since 2016 Following Naira Devaluation Impact
MTN Group has reported its first loss since 2016, driven largely by the devaluation of the Nigerian naira, which has...
Read moreDetailsHouse Reps Propose Judicial Task Force to Accelerate AMCON Debt Recovery
The House of Representatives Committee on Banking and Other Ancillary Institutions has proposed the establishment of a specialized judicial task...
Read moreDetailsNDLEA Operatives Seize Major Drug Shipments and Make Multiple Arrests Across Nigeria
The National Drug Law Enforcement Agency (NDLEA) has reported a series of significant drug-related operations across Nigeria, leading to multiple...
Read moreDetailsNigerian Businesses Cutting Workforce, According to CBN Data
The Central Bank of Nigeria’s (CBN) latest Purchasing Managers’ Index (PMI) report for July 2024 reveals that the Composite Employment...
Read moreDetailsNNPC Cracks Down on Oil Theft, Seizes 63 Illegal Refineries in a Week
The Nigerian National Petroleum Company (NNPC) Limited has reported a significant crackdown on oil theft operations, resulting in the seizure...
Read moreDetailsNigeria’s External Reserves Drop 0.68% to $36.62 Billion
Nigeria’s external reserves fell by 0.68% to $36.62 billion as of August 12, 2024, from $36.87 billion recorded on August...
Read moreDetailsBank Directors Association Criticizes Proposed 70% Windfall Tax on FX Profits
The Bank Directors Association of Nigeria (BDAN) has condemned the proposed 70% windfall tax on profits from foreign exchange transactions...
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