UK, US Airfare Surges By 55% As a result of the depreciation of the naira against the United States dollar by 55 per cent on the official foreign exchange market, there has been a decline in airfare on international routes...

CBN Fixes $1m Capital Requirements For International Money Transfer Operators   The Central Bank of Nigeria (CBN) has fixed $1m as the minimum share capital requirement for International Money Transfer Operators in the country. This was revealed in its revised guidelines for...

Cedrus Group: CBN Reforms Will Yield Results In Q2 On Thursday, the Chief Executive Officer of Cedrus Group Africa, Olubusayo Adeniyi, stated that the reforms and policies of the Central Bank of Nigeria (CBN) will start yielding results from the...

Rising Inflation Poses Risk To New Minimum Wage President Bola Tinubu has set up a committee to decide on the new minimum wage for Nigerian civil servants, however, concerns have been raised regarding the country’s rising inflation which is currently...

Senate Seeks To Partner With Germany on Insecurity, Power Generation Godswill Akpabio, the Senate President, has called on the German Government to collaborate with Nigerian counterparts in the fields of security and electricity to enhance the country's socio-political development. Akpabio made...

EFCC Discovers N7bn Out of N30bn Stolen Funds in Religious Sect's Account The Economic and Financial Crimes Commission (EFCC) has uncovered a religious sect laundering money for terrorists. The Chairman of Commission, Ola Olukoyede, who made the revelation at a one-day...