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 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...
Foreign investments fell to $654m in third quarter – NBS
Capital importation into Nigeria fell to a new low of $654.65m in the third quarter of 2023, indicating a slow of new foreign investments...
Breaking: Nigeria reaches N87.91 trillion in debt — DMO
Nigeria’s total public debt rose marginally by 0.61 per cent quarter-on-quarter to N87.91trn in the third quarter of 2023.
This is according to new debt...
In October, Nigeria’s inflation increased to 28.20% – NBS
Inflation surged to 28.20 per cent in October from 27.33 per cent in September, underscoring a worsening cost of living crisis in the country.
In...
Ex-UK writer claims that 60% of Nigeria’s agricultural produce is lost.
The President and CEO of the International Rescue Committee and former Foreign Secretary of the United Kingdom, David Miliband, has said Nigeria loses 60...
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...
Airlines Increase The Number of Seats to Reduce Their High Operational costs.
As part of strategies to beat high operating costs in the aviation industry, domestic airlines have increased the number of flight seats, allowing more...
Nigeria’s Ranking For Fighting Trafficking Declines Globally
Nigeria last attained Tier 1 status in the U.S. State Department’s Trafficking in Persons Report in 2011 and has not done so since, Saturday PUNCH has...
Conoil to pay shareholders N1.73bn dividend
Conoil Plc is to pay N1.73bn as dividend to its shareholders. This translates to N2.50 per share for the 2022 financial year.
The major oil...
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Terrorists Attack Soldiers In Borno, Many Feared Dead
Scores of soldiers have been reportedly killed following a terrorists attack on Kareto town in Mobbar LGA of Borno State.
Borno State Governor Prof Babagana...
AG uncovers N4.6bn unapproved spending in Umahi’s ministry
An audit report has uncovered financial irregularities totalling over N4.64bn in the Federal Ministry of Works (Housing Sector), raising concerns about systemic non-compliance with...
APC, PDP govs disagree over oil revenue sharing
The Governor of Bauchi State, Bala Mohammed, has revealed that state governments have yet to benefit from the improved revenue generated by the oil...
