Business

Nigeria’s Inflation Rate Hits 34.8% Amid Festive Season Demand

Nigeria's headline inflation rate has risen to 34.80% in December 2024, up from 34.60% in November 2024, according to the National Bureau of Statistics (NBS). The increase is attributed to…

August 14, 2025

Business

Nigerians May Spend N6.74tn on Calls After 50% Tariff Hike

The Nigerian Communications Commission (NCC) has approved a 50% tariff hike for telecommunications operators. The hike is expected to generate over N6.74tn in revenue for telecom operators in 2025. The…

August 14, 2025

Business

Naira Records Massive Gains, Appreciates to N1,485.95 Per Dollar

The naira has recorded significant gains against the dollar on the foreign exchange market, appreciating by N24.77. According to FMDQ data, the naira rose to N1,485.95 per dollar on Thursday,…

August 14, 2025

Business

CBN Warns Banks Against Limiting ATM Withdrawals Below ₦20,000

CBN has warned banks against limiting ATM withdrawals to amounts below ₦20,000 per transaction. The CBN stated that any bank that compels a customer to withdraw less than ₦20,000 per…

August 14, 2025

Business

CPPE Urges CBN to Reduce Interest Rates After Pause

CPPE has urged the Central Bank of Nigeria (CBN) to reduce interest rates going forward. This comes after the CBN retained the Monetary Policy Rate (MPR) at 27.50 percent, a…

August 14, 2025

Business

Why Telcos Must Hike Tariffs – Minister

The Minister of Communication and Digital Economy, Dr. Bosun Tijani, has explained that the 50% tariff increase for telecom companies is necessary. Tijani stated that the decision to increase telecoms…

August 14, 2025

Business

FG Okays Three Refineries for 140,000bpd Production

FG has approved licenses for three new refineries, increasing Nigeria's domestic refining capacity by 140,000 barrels per day. The refineries will be constructed by Eghudu Refinery Ltd in Edo State,…

August 14, 2025

Business

Dangote Refinery Suspends Sale of Petrol in Naira

Dangote refinery stops sales of petroleum products in Naira, reverts to dollars. The refinery says untill NNPCL starts crude oil supply in Naira, petrol sales would remain in Naira. Dangote…

August 14, 2025

Business

The Supreme Court Has a Perfectly Good Option in Most Divisive

Daily Report August 14, 2025

Business

KG Enas Water Unveils Anita Armstrong Pinkberry as Brand Ambassador

Beauty Aesthescian, Fashion entrepreneur and Brand influencer, Anita Armstrong popularly known as Pinkberry has been unveiled as the latest brand ambassador of KG Enas Water. Pinkberry joins Onosakponome komeno Cyril…

Daily Report August 14, 2025