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Thursday, November 21, 2024

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Business

Drama as man spotted eating roadside sacrifice amid Nigeria economic hardship

An unidentified Nigerian man has sparked mixed reactions after a video surfaced showing him eating a roadside sacrifice amid ongoing economic challenges in the...

NLC lashes IMF, World Bank says “allow Nigerians to breathe Freely”

The Nigeria Labour Congress (NLC) has censured the International Monetary Fund (IMF) and the World Bank to cease imposing what it describes as insincere...

Naira depreciates to N1,740 in parallel market amid mounting pressure

The Nigerian naira has seen its value slide further, closing at N1,740/$1 in the parallel market last weekend, signaling a reversal of recent gains. This...

Patients flood Neuropsychiatric Hospitals as economic hardship fuels mental health crisis in Nigeria

As Nigeria faces escalating economic challenges, a growing number of citizens are expressing concerns about their mental health, with rising cases of anxiety, depression,...

Fuel crisis: 10,000 oil marketers on brink of shutdown amid massive drop in demand, high costs

Nigeria's fuel consumption has plummeted as soaring prices continue to squeeze consumers, leaving thousands of oil marketers facing heavy losses and pushing around 10,000...

Binance executive, Gambaryan evacuated from Nigeria following dropped charges

Shortly after the Nigerian government dropped money laundering allegations against him, Tigran Gambaryan, a key executive of Binance Holdings Limited, was flown out of...

First Bank speaks on reported system upgrade

First Bank has denied rumours that it is upgrading its system, stating that the warning regarding switching to a new cloud-based platform was meant...

Naira devaluation drives Nigeria’s public debt to N134 trillion

Nigeria’s total public debt stock has surged by N12.6 trillion in just three months, reaching N134.3 trillion ($91.3 billion) by the end of the...

CBN reports Nigeria’s external reserves rises to $40.2 Billion

  The Central Bank of Nigeria (CBN) has announced that Nigeria’s external reserves reached $40.2 billion as of October 18, 2024. Deputy Governor of Economic Policy,...

We would raise VAT on luxury goods to 15% – FG

The federal government would apply a 15 per cent Value Added Tax (VAT) on luxury products, according to Mr Wale Edun, Minister of Finance...

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