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naira

Nigerians Fume as Telecom Giants MTN and Airtel Triple Data Prices Amid Economic Crisis

February 13, 2025 Steven Addamah 0

Nigerians are reeling from steep hikes in mobile data prices by MTN and Airtel, two of the country’s largest telecom providers, exacerbating an already dire […]

Nigeria’s Fuel Subsidy Dilemma Deepens as Debt to Suppliers Soars

July 5, 2024 Steven Addamah 0

Nigeria’s state oil company NNPC faces mounting challenges as its debt to gasoline suppliers has surged to over $6 billion, doubling since April. This financial […]

Central Bank of Nigeria Establishes Minimum Capital Base Requirements for Banks

March 29, 2024 Steven Addamah 0

The Central Bank of Nigeria has introduced revised minimum capital requirements for banks in a move aimed at bolstering their resilience and fortifying the country’s […]

Fuel prices in Nigeria almost triple in two days

June 1, 2023 Steven Addamah 0

Prices at the pump almost tripled at service stations in Nigeria after the new President announced on Monday that he would end fuel subsidies, journalists […]

Nigeria: Supreme Court extends validity of old naira bills

March 6, 2023 Steven Addamah 0

The Supreme Court on Friday extended the validity of old banknotes in Nigeria, invalidating a government directive that has been causing a severe cash shortage […]

Nigerian president to keep small denominations of the old naira in circulation

February 17, 2023 Geraldine Boechat 0

Nigerian President Muhammadu Buhari on Thursday ordered the continued circulation of low-denomination banknotes, recently replaced by new ones, in order to limit the cash shortage […]

Nigeria’s Electoral Commission confirms that elections will be held

February 9, 2023 Steven Addamah 0

Nigeria’s Electoral Commission (Inec) said Wednesday that the presidential election will be held as scheduled on February 25 despite massive shortages of gasoline and new […]

Banknote shortage in Nigeria: riots break out in the South West

February 8, 2023 Khalid Al Mouahidi 0

Abeokuta, in southwestern Nigeria, was the scene of scuffles between protesters and police on Tuesday, when a crowd of angry youths attacked a bank facing […]

Police arrest Nigerian man who wanted to sell himself at auction

October 28, 2021 Khalid Al Mouahidi 0

Islamic police in Nigeria have arrested a man who wanted to sell himself at auction to escape poverty, local authorities said Wednesday. A 26-year-old tailor, […]

Nigeria: the Lagos Stock Exchange records its best performance in the last fifteen years despite the severe recession

October 8, 2020 Steven Addamah 0

It’s Christmas ahead of time at the Lagos Stock Exchange in Nigeria. On Tuesday, October 6, the index of the thirty largest stocks jumped by […]

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