Economy

In January 2024, the Central Bank of Nigeria introduced the revised International Money Transfer Services Guidelines, signaling a significant step towards enhancing transparency and efficiency in foreign exchange transactions, diaspora remittances, and cross-border fund transfers. This overhaul, in line with the government’s Renewed Hope agenda, aims to revolutionize international money transfers while promoting prudential standards…

The Minister of Works, David Umahi, has called for an urgent meeting with major cement manufacturers in Nigeria to address the alarming increase in the cost of the product. The meeting, scheduled for Monday, February 19, 2024, will be held at the Ministry’s Conference Hall in Mabushi, Abuja. Expressing concern over the rising prices despite…

The Nigerian government has issued a stern warning to Fast-Moving Consumer Goods (FMCG) outlets across the country regarding deceptive pricing practices amidst the current economic challenges. Adamu Abdullahi, the Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), issued the warning, emphasizing the need for transparent pricing information to empower consumers….