Bank Directors Support CBN’s Selling of Surplus Currency.
Bank Directors Association of Nigeria says it is supportive of a directive by the Central Bank of Nigeria asking commercial banks to stop “hoarding’’...
Naira undervalued by 30% – Renaissance Capital
According to the Renaissance Capital Africa research, Nigeria is expected to see a rise in oil prices and a strengthening of its currency in...
Cashless Transactions Surge 88% To N237trn In Q1
Cash transactions in Nigeria rose to N237 trillion in the first quarter of 2024, according to new statistics from the Nigeria Interbank Settlement System.
According...
Naira Strengthens at the Official Window but Weakens on the Black Market
The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was...
NPA Secures $700m Facility From Citibank To Rehabilitate Apapa, Tin-Can Ports
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the rehabilitation of Apapa and Tin-Can Island Ports in Lagos. ...
Farmers avoid Wet season Farming, Contributing to food inflation -FG
The Federal Government, on Tuesday, said farmers were heavily impacted by floods in the past farming season, hence they opted not to farm during...
IHS trains youths in SMEs management
IHS Nigeria has completed its training programme for over 25 young individuals in the Yaba Local Government area, as part of its ‘IHS Project...
As Grid collapses Aggravate The blackout, Consumers claim Sabotage
The Nigerian Power Consumers Forum has condemned the spate of disturbances on the national electricity grid and the recent fire incidents around power transmission...
Marketers enthusiastic over Dangote’s N1,000/litre diesel price.
The Dangote Petroleum Refinery has given consideration to the demands of oil marketers concerning the decrease in the cost of diesel, also known as...
World Bank approves fresh $700m loan for Nigeria
The World Bank has approved a fresh $700m loan for Nigeria to enhance adolescent girls’ learning and empowerment.
It disclosed this in a statement published...
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Tax reform bills won’t impoverish North – Presidency
The Presidency has dismissed claims that the proposed tax reform bills before the National Assembly would impoverish northern Nigeria or disproportionately benefit Lagos and...
Corruption: More Trouble for APC National Chairman as Group Demands His Sack
The membership of Umbrella of Kano Concerned Civil Society Groups and the Astute Civil Society for Cultural and Humanity Development, a coalition of Nigerians...
Reps confirm Oluyede as COAS
The House of Representatives on Thursday confirmed the appointment of Lt. Gen. Olufemi Olatubosun Oluyede as the substantive Chief of Army Staff (COAS).
The confirmation...
