CBN Gives Successor Bank Chiefs Six-Month Deadline The Central Bank of Nigeria has issued a fresh directive compelling all Domestic Systemically Important Banks to obtain regulatory approval for the appointment of successor managing directors at least six months before the...

Airline Operators Applaud suspension of 4% Import Levy The Airline Operators of Nigeria have commended President Bola Tinubu and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, for the timely suspension of the proposed four per...

Farouk Gumel Appointed Chairman of Botswana Sovereign Wealth Fund Economic Confidential reports that Mr. Farouk Gumel, a renowned Nigerian corporate leader, has been appointed Chairman of the Board of Directors of the Botswana Sovereign Wealth Fund Limited (BSWF) by the...

Is Nigeria Winding Up for Grab by Vested Interests? By Umar Sani Nigeria stands once again on the edge of a tragic misadventure. The Federal Government, through the Ministry of Petroleum Incorporated (MOPI) and the Ministry of Finance Incorporated (MOFI),...

NCS Suspends 4% FOB Charge Following Finance Ministry Directive The Nigeria Customs Service (NCS) has announced the suspension of the 4% Free-on-Board (FOB) levy on imports, in compliance with a directive from the Federal Ministry of Finance. In a statement signed...

DSS Drags Sowore, Twitter, Facebook to Court Over Anti-Tinubu Posts The Department of State Services (DSS) has filed a five-count criminal charge against Omoyele Sowore, presidential candidate of the African Action Congress (AAC), alongside two global tech companies—X Corp (formerly...