Foreign Airlines Trapped Funds Now $743m – IATA   The International Air Transport Association (IATA) on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 from...

Fuel Price Hike Imminent Over Poor Supply - Marketers   The disparity in the pump price of Premium Motor Spirit, popularly called petrol, is to further widen due to the incomplete delivery of products to many filling stations, oil marketers stated...

Dollar Crisis: Banks Slash Foreign School Fees, Travel Allowance    Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid a worsening foreign exchange crisis. Shortage of FX in the country has...

Abuja Traders Lament Biting Fuel Scarcity, Cash Crunch   Traders and buyers in the Federal Capital Territory (FCT) have expressed displeasure over the unending cash crunch and fuel scarcity in the city. The traders who spoke to our ECONOMY ON THE STREET...

Dangote, Rabiu Record Remarkable Wealth Increase Of Over N300bn In One Week, Leaving Mike Adenuga Further Behind   Aliko Dangote and Abdulsamad Rabiu, two of Nigeria's most prominent business tycoons, have witnessed a remarkable surge in their wealth by $800...

Cash Crunch: Governors Give Emefiele, Malami Tuesday Ultimatum To Obey Supreme Court   State governments, which sued the Federal Government on the naira redesign policy, have given the Central Bank of Nigeria Governor, Godwin Emefiele and the Attorney-General of the Federation...