Türkiye stopped trade with Israel to compel ceasefire – President Erdogan
Turkish President Recep Tayyip Erdogan stated that the country’s recent decision to cease trade with Israel was aimed at pressuring the Israeli government to implement […]
Business
Inflation bites harder, renders N20, N10, N5 ‘irrelevant’
In major markets, prices of goods are shifting away from the lower denominations of the Naira currency due to worsening inflation. Not too long ago, […]
Interest Rate, High Energy Costs Putting Businesses Under Pressure, LCCI Laments
The Lagos Chamber of Commerce & Industry (LCCI) has expressed concern about the elevated cost of conducting business in Nigeria, citing factors such as the […]
Naira appreciates N351 against Dollar at forex in one month
According to data from FMDQ on the dollar exchange rate spanning from March 8 to April 5, 2024, the Naira has experienced a positive shift, […]
What you must know about new Electricity Tariff hike in Nigeria
After the Nigerian Electricity Regulatory Commission (NERC) approved a 250 percent increase in electricity tariffs on Wednesday, DAILY POST provides an overview of what Nigerians […]
Dangote refinery begins sale of petroleum products – Official
According to a report by Reuters, Dangote Refinery initiated the distribution of petroleum products to the local market on Tuesday. This information was confirmed by […]
Recapitalization: Jobs losses loom as Nigerian banks battle to escape extinction
The Nigerian government has declared a rise in the wholesale cost of gas supplied to power plants, increasing by 11 percent. This equates to a […]
Epileptic electricity to persist as Nigerian govt announces 11% increase in gas price
The Nigerian government has declared a rise in the wholesale cost of gas supplied to power plants, increasing by 11 percent. This equates to a […]
New CBN Capital: 25 Banks Need N3.89trn Fresh Funds To Meet Requirements
Based on the recent capital requirements issued by the Central Bank of Nigeria (CBN) for commercial, non-interest, and merchant banks on Thursday night, 25 banks […]
Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are on the horizon as the Central Bank of Nigeria (CBN) has increased the minimum capital thresholds for banks. The CBN announced this […]