$25,000 Limit: CBN to Suspend Erring BDCs, Banks The Central Bank of Nigeria, CBN, yesterday, said it will suspend the dealership license of any Bureau de Change (BDC) or Authorised Dealer banks that divert funds or violate the provisions of its newly rolled out foreign...

Nigeria's Crude Production Cost Rises, Now $40/barrel The cost of producing Nigeria's crude oil has risen to about $40 per barrel, according to report by the Nigerian Upstream Petroleum Regulatory Commission. This is 300 per cent higher than the cost of producing the same crude in...

FG Seeks Additional $580m Loan from World Bank  Two fresh loans totaling $580m are being sought from the World Bank in March 2025. The projects, Accelerating Nutrition Results in Nigeria 2.0 and HOPE for Quality Basic Education for All, are expected to receive final approvals on...

Ginger Export Declines 74% to N6.28billion in Nine Months Nigeria's ginger export declined by 74 percent in nine months of 2024 as tuber rot disease ravaged farmlands and ruined output, according to the National Bureau of Statistics report. NBS foreign trade data show that Nigeria’s ginger...

Goronyo Vows to Deliver Best Road Maintenance for Nigerians The Minister of State for Works and Minister Superintending the Federal Roads Maintenance Agency (FERMA), Bello Muhammad Goronyo, has assured Nigerians of improved road maintenance and safety across the federal road network. Goronyo made this pledge during...

HURIWA Hails Appointment of Uzor Kalu, Emeka Wogu on South-East Development Commission to a The Human Rights Writers Association of Nigeria (HURIWA) has lauded the recent appointment of Senator Orji Uzor Kalu as the pioneer Chairman of the Senate Committee on the South-East Development Commission...