CBN instructs banks to divest surplus dollars within a 24-hour timeframe
In an effort to stabilize the nation's exchange rate, the Central Bank of Nigeria has directed Deposit Money Banks to sell their surplus dollar...
Adelabu highlights that power firms are being impacted by unpaid debts and a shortage of gas
The Minister of Power, Bayo Adelabu, cited outstanding debts and insufficient gas supply as key factors hampering the optimal operation of power plants.
During his...
The International Monetary Fund (IMF) highlights that soaring inflation is causing significant challenges in Nigeria
Rampant inflation is causing considerable challenges in Nigeria, according to recent revelations by the International Monetary Fund (IMF).
During the January 2024 World Economic Outlook...
GSK experiences a 34% decline in profit
GlaxoSmithKline Consumer Nigeria Plc experienced a 33.76% decrease in profit, falling to N510.80m in 2023 from N771.15m in the preceding financial year, according to...
Disagreement between CBN and international airlines regarding a $700 million fund in limbo
The Central Bank of Nigeria and foreign airlines operating in the country are at odds regarding the total amount of unpaid ticket revenue.
The CBN...
