Foreign exchange traders report that International Money Transfer Operators (IMTOs) are no longer diverting remittance inflows…
Category: Business
Nigeria Unveils $60bn Gas-Backed High-Speed Rail Plan
Nigeria is set to launch a $60 billion high-speed rail project spanning 4,000 km, linking major…
NGX Equities Market Opens Week Strong with ₦704bn Investor Gains
The Nigerian Exchange (NGX) began the week on a positive note, recording a market capitalization increase…
FG Suspends 4% FOB Charge by Nigeria Customs Service
The Federal Government has suspended the enforcement of the 4 percent Free on Board (FOB) charge…
Farmers Say Food Prices Won’t Drop Without Lower Production Costs
Farmers are warning that food prices are unlikely to fall unless the high costs of producing…
Elon Musk Acquires $1 billion Worth Of Tesla Shares
Elon Musk bought $1 billion worth of Tesla shares on Friday, according to a regulatory filing…
Nigeria’s Inflation Rate Eases to 20.12% in August 2025
Nigeria’s headline inflation rate slowed to 20.12% in August 2025, down from 21.88% in July, according…
U.S. Economy Weakens as Fed Prepares for Key Decision
The United States economy is showing fresh signs of weakness ahead of a crucial Federal Reserve…
FG Pledges World-Class Transport System, FCT Unveils Sector Reforms
The Federal Government has restated its commitment to delivering a world-class transport system for Nigerians, with…
Lagos Slashes Minimum Estate Land Size to 5,000sqm Amid Housing Demand Surge
The Lagos State Government has reduced the minimum land size required for estate development from 10,000…