In Three Months, Forex Inflow Via IMTOs Hits $1.07bn   Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in the previous...

FG To Jail Defaulting Bank Executives Over Windfall Tax   The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on banks’ foreign exchange profits in 2023. It also proposed a...

World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this...

According to Sadiq Atayese, the chairman of the Labour Party in Oyo State, the newly approved N70,000 minimum wage for Nigerian workers is not the solution to the country’s current economic challenges. 

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has again reaffirmed the Bank’s commitment to implementing policies that foster sustainable growth in the financial markets while ensuring overall economic stability. 

According to Dr. Iziaq Adekunle Salako, the Minister of State for the Environment, the federal government has pledged to provide access to cooking gas for 28.8 million households and improved biomass cook-stoves for 7.3 million households, representing 48% and 13% respectively, by 2030.