Unshackled journalism at its finest
Focus on global commerce, finance, entrepreneurship, and market trends.
In response to recent directives from the Central Bank of Nigeria (CBN), leading financial services company OPay has sent reassuring messages to its customers regarding the safety of their funds. The fintech giant, which has emerged as one of Nigerians’ preferred banks amid increasing e-transactions, operates as a licensed mobile money operator under the guidelines…
The President of Nsukka Chamber of Commerce, Industry, Mines and Agriculture, NSCCIMA, Barr. Sam Otoboeze, on Thursday, said that the people of Nsukka cultural zone were yet turn the huge natural resources in the zone into economic prosperity for the sustainable development of the people.
In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has authorized a substantial increase in electricity tariffs, raising them from N68 to N225 ($0.15) per kilowatt-hour. The decision, announced by Musiliu Oseni, the Vice Chairman of NERC, will come into effect on April 1, 2024, and will primarily target urban consumers, designated as Band…
Member representing Igbo Eze South State Constituency at the Enugu State House of Assembly, Hon. Harrison Ogara has said that he has chosen to teach his constituents how to catch fish instead of giving them fish.
In a strategic move aimed at addressing the prevailing economic challenges in Nigeria, President Bola Tinubu has approved the establishment of two key bodies: the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET). These initiatives are poised to bolster the nation’s economic governance frameworks and enhance coordinated planning and implementation…
In a significant move aimed at enhancing healthcare delivery and medical education in Enugu State, Governor Dr. Peter Mbah has officially signed the Enugu State University of Medical and Applied Sciences (SUMAS) Teaching Hospital Bill 2024 into law. The signing ceremony, held on Tuesday, marks a pivotal step towards the realization of a long-awaited promise…
The Nigerian banking sector faces a seismic shift as reports indicate that nearly two-thirds of existing Deposit Money Banks (DMBs) may struggle to meet the Central Bank of Nigeria’s (CBN) proposed new capital requirements. According to a recent study by Ernst and Young titled “Navigating the Horizon: Charting the Course for Banks amid Plans for…
In a concerning economic development, Nigeria has hit a staggering milestone with its inflation rate skyrocketing to 31.7 per cent in February 2024, marking the highest level witnessed in 28 years. This revelation comes from the latest report released by the National Bureau of Statistics (NBS), shedding light on the country’s escalating economic challenges. The…
In response to widespread criticism and concerns raised by private sector groups, the Federal Government of Nigeria has decided to suspend the implementation of the recently enacted Expatriate Employment Levy. The decision comes after a successful Trade and Investment outreach led by President Bola Ahmed Tinubu in Qatar and subsequent meetings with key ministers. The…
The Nigeria Institute of Soil Science, NISS, on Tuesday said that food security would remain a mirage in Nigeria if the soil is not properly managed.