PoS Operators Blame Double Transaction Charges on Cash Scarcity   Point of Sale (PoS) operators in Nigeria have raised transaction fees by over 50 per cent, attributing the increase to severe cash scarcity caused by banks rationing withdrawals. With yuletide and end-of-year holidays fast approaching, Nigerians may...

Naira Drops to N1690.37/$ as Dollar Supply Declines   The naira weakened by 2.31 per cent or N38.12 on Monday at the National Autonomous Foreign Exchange Market to N1690.37/$ compared to 1652.25/$ that it had closed the previous week at. According to FMDQ data on Monday, the...

Foreign inflow on NGX Drops to N11bn – Report Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This is according to the latest Domestic & Foreign Portfolio Investment Report of the NGX. The report indicated that...

Tinubu Jets out to Brazil for G-20 Summit President Bola Tinubu is traveling to Rio de Janeiro, Brazil to attend the 19th meeting of the G20 Leaders’ Summit taking place in the South American country. The Nigerian leader’s participation is at the instance of the Brazilian...

Water Resources Minister Pledges to Address Irrigation Challenges Facing Sugar Production The Minister of Water Resources, Engr. Joseph Utsev, has pledged to find solutions to the number of issues affecting the supply of water to sugar estates across the country. The Minister said supporting the National...

Brass Project: EFCC Arrests Wabote on $35m Fraud Allegation The Economic and Financial Crimes Commission (EFCC) has arrested Timber Kesiye Wabote, the former Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), in connection with an alleged $35 million fraud linked to the...