Trapped foreign airlines funds in Nigeria highest in the world
Nigeria has the highest amount of trapped airlines funds within the past year, according to the International Air Transport Association (IATA).
- A key point...
‘Pure water’ price goes up and producers are shutting factories
Producers of table water in Abuja have closed their factories for over a week, triggering scarcity of drinking water in the capital city as...
Naira shortage: Former statistician-general predicts N15 trillion cost on economy
Ongoing currency shortage, which has imposed devastating impact on Nigeria’s economy will likely cut the nation’s nominal gross domestic product for the first three...
Nigerian banks cut forex payments to foreign travellers
Major Nigerian banks announced new amounts they will be paying as personal travel allowance and business travel allowance to people travelling outside the country,...
After long delay, CBN finally confirms old naira notes still in use
The Central Bank of Nigeria has finally confirmed that Nigerians can continue to spend the old 200, 500 and 1000 notes, taking more than...