China has increased the tariffs on goods imported from the United States from 84 percent to 125 percent.
Category: Business
Airpeace Secures IATA Certification
A Nigerian airline, Air Peace, has secured International Air Transport Association Operational Safety Audit, IOSA, certification.
Nigerians To Pay 60% More For Calls, Data
The Minister of Communications and Digital Economy, Bosun Tijani, has said Nigerians will have to pay 30-60 percent more for calls, data, and other services in the telecommunications sector.
NMDPRA Denies Stopping Gas Supply to GenCos
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has denied issuing an order to stop gas supply to power generating companies, GenCos, due to a debt of N2trn.
Landing Cost Of Petrol Drops By 20.23 Percent In Nigeria
Nigeria’s landing cost of Petrol has reportedly dropped to N971 per litre.
No Deadline On Circulation Of Old N200, N500, N1000 Notes – CBN
The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and N1000 bank notes.
CBN Directs Banks To Impose 0.5% Cybersecurity Levy on All transactions
The Central Bank of Nigeria, CBN, has directed 0. 5 percent Cybersecurity Levy deductions on electronic transfers.
Dana Air plane Crash-Lands In Lagos
A Dana Air aircraft with registration number, 5N BKI, flying from Abuja to Lagos on Tuesday morning, veered off the runway while landing at the Murtala Mohammed airport in Lagos.
CBN Raises Interest Rate To 24.75%
The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to 24.75 per cent from 22.75 per cent in efforts to tackle rising inflation.
Bread Prices To Rise By 20% In January 2024 – Nigerian bakers
Again, bread prices will increase by 15 per cent to 20 per cent in January 2024 across Nigeria amid economic hardship.