Report from the National Bureau of Statistics has indicated that Nigeria’s inflation rate has increased to 33.69 per cent in April 2024 up from 33.20 per cent recorded in March 2024. In its report on Wednesday, the NBS stated that this represents a month-over-month increase of 0.49 per cent points in the headline inflation rate, according ... Read more

The Groupe Special Mobile Association (GSMA) recent report have revealed that a significant 71% of Nigerians do not have regular access to mobile internet. In the report, “While 29 per cent of Nigerians are regularly using mobile internet, there remains untapped potential; 71 per cent are not accessing these services regularly. An improved ... Read more

The Securities and Exchange Commission (SEC) has expressed commitment to work with the Economic and Financial Crimes Commission (EFCC) to reduce the manipulation of the naira. This was disclosed by SEC Acting Director General, Dr Emomotimi Agama, when he received a team from the EFCC led by the Executive Chairman, Ola Olukoyede, in Abuja. Aga ... Read more

The Bank of Industry (BOI) has disclosed the launch of the Rural Area Programme on Investment and Development (RAPID) initiative to mitigate rural-urban migration by empowering rural communities with access to capital, further targeting businesses of youths and women in these underserved areas. According to the Director and Chief Executive Offic ... Read more

Financial services provider, Coronation Group Limited has declared support for the 2024 Africa CEO Forum, set to convene in Kigali this month. The 11th annual summit of the Africa CEO Forum will bring together over 1,800 CEOs, Heads of State, and Prime Ministers from around the world under the theme ‘At the Table or on the Menu? A Critical ... Read more

Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that necessary steps are being taken to tackle loan Apps services providers that engage in harassing tactics against customers. Adamu Abdullahi, acting chairman of FCCPC, expressed that such practices would soon become a thing of the past, as the Commission has initiate ... Read more