Nigeria Raises Interest Rate to 27.50% Amid Inflationary Pressures
November 26, 2024 – The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 27.50%, marking a 25 basis point rise from the previous rate of…
Simon Ekpa Arrested in Finland Over Alleged Terrorist Activities Linked to Biafran Movement
Simon Ekpa, a prominent figure in the Biafran separatist movement and a dual Nigerian-Finnish citizen, has been arrested in Finland on allegations of terrorist activities. Finnish authorities detained Ekpa on…
Naira Plummets to ₦1,750 on Black Market Amid Deepening Currency Crisis
November 20, 2024 – The Nigerian naira has hit an unprecedented low, trading at ₦1,750 per US dollar on the black market. This sharp depreciation underscores the country’s deepening currency…
France Embassy Opens 2025 Master’s Scholarships for Nigerian Students
Abuja, Nigeria — The French Embassy in Nigeria has announced the commencement of applications for its 2025/2026 Master’s in Management Scholarship Program, offering Nigerian students the opportunity to study at…
Nigeria’s Inflation Climbs to 33.88% in October 2024: Largely Driven by Rising Food Prices and Economic Reforms
Nigeria’s inflation rate continued its upward trend in October 2024, rising to 33.88% from 32.7% in September. This marks the second consecutive month of inflationary pressure, driven primarily by escalating…
CBN Raises Monetary Policy Rate to 26.75% Amid Rising Inflation Concerns
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points to 26.75%, continuing its aggressive tightening measures to combat soaring inflation. This marks…
Northern Nigeria Flour Mills PLC Declares Interim Dividend: Meaning for Investors
Northern Nigeria Flour Mills PLC (NNFM), a key player in Nigeria’s food and agro-allied industry, has announced an interim dividend of 50 kobo per share for its shareholders. This development…
Access Holdings Plc Acquires Majority Stake in AfrAsia Bank
Access Holdings Plc Expands Its Pan-African Presence by Expanding into Maritius
MTN Group Reports 18.5% Drop in Q3 Service Revenue Amid Currency Challenges
Nigeria has taken a significant step toward revitalizing its industrial sector by signing a $1.2 billion agreement with China National Chemical Engineering Corporation (CNCEC). Announced on November 13, 2024, this…
Nigeria Releases American Crypto Executive After Dropping Money Laundering Charges
In a major development, Nigerian authorities have released Tigran Gambaryan, an American cryptocurrency executive and head of financial crime compliance at Binance, after dropping money laundering charges against him. Gambaryan’s…