Business

Business – Gist Alerts

GlaxoSmithKline Nigeria To Shut Down Operations

GlaxoSmithKline Consumer Nigeria Plc has announced plans to close down its operations in the country. This was disclosed in a…

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CBN Lifts Ban On AbokiFX, Bamboo, Nairabet, Others

The Central Bank of Nigeria (CBN) has ordered banks to vacate a post-no-debit restriction placed on the bank accounts of…

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CBN Increases Interest Rate To 18.75%

The Central Bank of Nigeria (CBN) has increased its Monetary Policy Rate (MPR), which measures interest rate, from 18.5 percent…

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Naira Appreciates, Exchanges For 793.70/$

The naira appreciated against the United States dollar on the Investor & Exporter forex window on Wednesday, closing at 793.70/$.…

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Nigeria’s Inflation Hits 22.79% In June From 22.41% Recorded In The Previous Month

Nigeria’s annual inflation rate accelerated to 22.79 percent in June from 22.41 percent recorded in the previous month, the National…

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Airfares Accelerates By 34.06% In One Year

The National Bureau of Statistics (NBS) disclosed that the average fare paid by air passengers for specific routes on a…

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FG Implements 7.5% VAT On Diesel, Nigerians Groan

The Federal Government, on Monday, confirmed that it had started the implementation of the payment of 7.5 per cent Value…

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CBN Removes Saving, Withdrawal Limits On Domiciliary Accounts

The Central Bank of Nigeria (CBN) has lifted the limits put on domiciliary accounts. In a statement issued by the…

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Nigeria’s Inflation Rate Hits 22.41% Amid Fuel Subsidy Removal

Amid the removal of subsidy on Petrol, Nigeria’s inflation rate accelerated to 22.41 percent in May 2023, up from 22.22…

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CBN Confirms Changes In FX Market

The Central Bank of Nigeria (CBN) on Wednesday informed all authorised dealers and the general public about immediate changes to…

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