Interest Rate Climbs to 27.5% as CBN’s MPC Increases It Again

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The interest rate in Nigeria was hiked by 25 basis points from 27.25 percent in September 2024 to 27.50 percent in November by the...

Keyamo Asserts Control Over Bishop Oyedepo’s Private Jet

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The Nigerian government has reaffirmed that private aircraft, especially those owned by prominent individuals like Bishop David Oyedepo, are subject to stringent clearance procedures...

Access Bank Denies Allegations of N500m Missing Funds

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Allegations of N500 million in stolen funds and unethical bank practices have been refuted by Access Bank Plc. In a statement released on Sunday, Access...

AMCON Seeks Swift Judicial Action on N5trn Debt Recovery

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Within the 60 to 90-day period set forth by the AMCON Act, Gbenga Alade, the managing director and chief executive officer of Asset Management...

Sterling, Aké Festival, Transform Lagos into Dazzling Fusion of Culture, Art, Magic

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Sterling, Aké Festival, Transform Lagos into Dazzling Fusion of Culture, Art, Magic By Naomisophyblog LAGOS, NIGERIA November 22, 2024 The Aké Arts and Books Festival has kicked off...

Fidelity Bank to give out N159Million in GAIM 6 promo

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Fidelity Bank to give out N159Million in GAIM 6 promo By Naomisophyblog Leading financial institution, Fidelity Bank Plc, has announced that it will be giving out...

Bank of Industry’s $5bn Funding Drive: N120bn Set for MSMEs Support

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According to Olasupo Olusi, Managing Director of the Bank of Industry, BoI, since 2017, the bank has raised more than $5 billion from global...

Apo Mechanic Market Relocation: 11,000 Traders Transition to Wasa

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The Federal Capital Territory Administration (FCTA) has registered 11,000 Apo Mechanic Village merchants and craftspeople to move to the permanent location in Wasa District,...

Telecom Industry Faces Revenue Squeeze Amid 41% User Decline

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With the average revenue per user (ARPU) falling 40.87 percent to $1.85 in Q3 2024 from $3.12 in the same period previous year, Nigerian...

Fuel Imports Rise Despite NNPCL’s Local Refinery Promises

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The cost of importing fuel reached around ₦3 trillion between October 1 and November 11, putting the Nigerian National Petroleum Corporation Limited (NNPCL) under...

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