CBN Warns Against Fraudulent Contract, Project Funding Claims   The Central Bank of Nigeria (CBN), has warned members of the public to be weary of activities of fraudsters purporting to be in receipt of award letters of contracts related to construction...

PoS Operators Blame Double Transaction Charges on Cash Scarcity   Point of Sale (PoS) operators in Nigeria have raised transaction fees by over 50 per cent, attributing the increase to severe cash scarcity caused by banks rationing withdrawals. With yuletide and end-of-year...

Naira Drops to N1690.37/$ as Dollar Supply Declines   The naira weakened by 2.31 per cent or N38.12 on Monday at the National Autonomous Foreign Exchange Market to N1690.37/$ compared to 1652.25/$ that it had closed the previous week at. According to...

Passenger Luggage: Delay Will Now Attract $170, N10,000 Fines – NCAA   The Nigeria Civil Aviation Authority (NCAA) has vowed to take tough measures against airlines that delay passengers’ luggage. The regulatory agency said it will impose fines of $170 and N10,000...

Baze University Celebrates 11th Convocation, Graduates 749 Students, Awards $20,000 to Top Graduand, by Zainab Bawa Ibrahim   Baze University marked its 11th convocation ceremony, celebrating the academic achievements of 749 graduating students at an event held on its Abuja campus....

Foreign Exchange Policy, Interest Rate Increase Foreign Portfolio Investment by 170%   The Central Bank of Nigeria (CBN) high interest rate regime and foreign exchange policy have whetted the appetite of Foreign Portfolio Investors, FPIs, as inflows amounting to N696.88 billion...