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Business – Gist Alerts

Multichoice Increases DSTV, GOTV Prices After $72m Forex Loss

Broadcasting company, Multichoice has increased the prices of its services in Nigeria shortly after disclosing a $72m loss in its…

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CBN To Increase Capital Base Of Banks

The Central Bank of Nigeria (CBN) has revealed intentions to increase the capital base of banks in the country. In…

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Nigeria Inflation Rate Accelerates To 27.33% In October

Nigeria’s inflation rate has accelerated to 27.33 percent in October from the 26.72 percent that was recorded in the previous…

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Just In: Naira Strengthens To N950/$1

The naira kept on with its rebound against the dollar on Friday, strengthening to N950/$ on the average in the…

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No Plans To Redenominate Naira – CBN

The Central Bank of Nigeria has stated that it has no intention to redenominate or restructure the naira notes in…

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Reps Invite CBN Governor For Lifting Forex Ban On Toothpicks, Others

The lifting of the ban on foreign exchange for 43 items by the Central Bank of Nigeria (CBN) may destroy…

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Nokia To Cut 14,000 Jobs After Profit Drops Drastically

Finnish telecom gear group, Nokia, on Thursday, stated that it would reduce closely 14,000 jobs as part of a cost…

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Nigeria’s Inflation Rate Accelerates To 26.72%

Nigeria’s inflation rate has accelerated to 26.72 percent, marking a 0.92 percent increase from the previous month’s 25.80 percent. The…

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CBN Removes Forex Ban On 43 Items

The Central Bank of Nigeria  (CBN) has removed the ban on importers of 43 items restricted from accessing foreign exchange…

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BUA Commences Sales Of Cement At N3,500 Per Bag

BUA Cement Plc has examined the timeline for the implementation of its reduced ex-factory price of N3,500 per bag, stating…

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