The National Agency for Food and Drug Administration and Control (NAFDAC) has removed contaminated drugs and food items worth over N5 billion from several major markets in Maiduguri, Borno State, ...

The Central Bank of Nigeria (CBN) raised its Monetary Policy Rate (MPR) by 50 basis points on Tuesday, bringing the benchmark interest rate to 27.25 percent. This marks the fifth consecutive rate hike ...

The recent killing of notorious bandit kingpin Halilu Buzu Sububu by the Nigerian military has sparked celebrations across the North-West zone. For the Federal Government, this development is hailed ...

Firms have incurred N1.5 trillion in losses in the last six months as the Central Bank of Nigeria (CBN) delays honouring the outstanding $2.4 billion foreign exchange (FX) forward contracts, according ...

UEFA has confirmed that the 2027 Champions League final will no longer be held at the San Siro in Milan, citing concerns over potential renovation works. Milan’s inability to provide guarantees that ...

Nigeria’s equities market transactions reached a record high of N3.475trillion in eight months to August 2024, surpassing N2.416trillion recorded the whole of year 2023. A breakdown of monthly ...

The Federal Ministry of Finance and the Nigeria Customs Service (NCS)’s red tape is stalling the zero food import policy take-off two months after its announcement. President Bola Tinubu had approved ...

Rising interest rates have driven loan defaults, raising banks’ impairment charges by 69 percent in the first half (H1) of 2023 when compared with the corresponding period of 2024. According to data ...

Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net-worth individuals who have flocked to the Middle East’s financial hub over the past few years. With a ...

Nigeria has always succeeded in churning out creative minds, especially in the film industry known as Nollywood. According to a report by Price Water Coopers, the Nigerian film industry is globally ...

Sweden has announced plans to offer certain migrants up to $34,000 to return to their home countries, starting in 2026, according to reports. The policy marks a significant shift in Sweden’s approach ...

Nigeria’s unemployment rate rose to 5.3% in Q1 2024, up from 5.0% in Q3 2023, the National Bureau of Statistics (NBS) reveals in its latest report. The 2023 Annual and Q1 2024 Nigeria Labour Force ...