Business

Business – Gist Alerts

Reps To Summon Dangote, BUA Over Rising Cost Of Cement Prices

The House of Representatives has mandated its Committees on Solid Minerals Development, Commerce, Industry and Special Duties to investigate the…

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Reps To Restrain Banks From Holding Customers’ Reversed Funds

The House of Representatives, on Tuesday, mandated the Central Bank of Nigeria to restrain commercial banks from holding reversed funds…

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Enugu Seals ShopRite, SPAR Malls, Others Over Tax Evasion

The Enugu State Internal Revenue Service has shut Enugu ShopRite and SPAR over non-remittances of purchase tax in their malls…

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CBN Revokes Licenses Of 4,173 Bureau De Change Operators

The Central Bank of Nigeria (CBN) has revoked the licences of 4,173 Bureaux De Change Operators over their failure to…

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FX Backlog: CBN Only Owing Five Banks – Olayemi Cardoso

Olayemi Cardoso, the Governor of the Central Bank of Nigeria(CBN) made it known on Thursday that the foreign exchange backlogs…

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CBN Begins Sales Of Dollars To BDCs

The Central Bank of Nigeria has announced its intention to sell foreign exchange worth $20,000 to each eligible Bureau De…

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CBN Increases Interest Rate To 22.75% From 18.75%

The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has increased the Monetary Policy Rate(MPR) by four hundred basis…

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FG Blocks Binance, OctaFX, Other Crypto Firms Over Forex Crisis

In a fresh attempt to arrest the continuous sliding of the naira, the Federal Government has blocked Binance, OctaFX, Coinbase…

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Cement Producers Agree To Reduce Price Of Product After Meeting With FG

Nigerian cement producers have agreed to reduce the price of the product to a range of N7,000 and N8,000 per…

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Nigeria’s Headline Inflation Hits 29.90% Amid Rising Cost Of Living

Nigeria’s headline inflation accelerated to 29.90% percent in January 2024, according to the latest data released by the National Bureau…

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