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Business – Gist Alerts

Unremitted Funds: CBN Releases $265m To Airlines

The Central Bank of Nigeria (CBN) has released the sum of $265 million to airlines currently working in the country…

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Nigeria’s GDP Grows By 3.54 Percent In Second Quarter Of 2022

The Nigerian economy increased by 3.54 percent year-on-year in real terms in the second quarter of 2022, the National Bureau…

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Nigeria’s Inflation Rate Increases To 19.64%

The country’s Consumer Price Index (CPI), which measures the level of price change in goods and services, has increased to…

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World Bank Warns That Nigeria Is Facing Existential Threat

As a result of Nigeria’s dwindling revenue, the constant payment of trillions of naira on fuel subsidy by the government…

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EFCC Threatens To Arrest Dollar Hoarders

The Economic and Financial Crimes Commission (EFCC) has threatened to arrest Nigerians keeping dollars and other foreign currency. Chairman of…

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We Are Working To Avert Naira’s Fall Against Dollar – CBN

The Central Bank of Nigeria (CBN) has advised Nigerians to resist the urge of yielding to the speculative activities of…

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CBN Increases Interest Rate To 14%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 13 percent to 14 percent. CBN…

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Nigeria’s Inflation Hits 18.6% In June

Nigeria’s inflation rate in June 2022 increased to 18.60 percent on a year-on-year basis. The National Bureau of Statistics disclosed…

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Dangote Becomes 63rd, Musk Tops 100 Billionaires Ranking

Nigeria’s Aliko Dangote is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In…

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Elon Musk Set To Abandon Twitter Deal

Billionaire Elon Musk has made a move to put an end to his $44 billion deal to purchase Twitter. This is…

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