FG, Asian Group Strike Partnership to Digitise Nigeria's Transport System The Ministry of Transportation has struck a deal with the Asia Arab Investment LLC to propel Nigeria's transportation sector into the digital age. The collaboration aims to revolutionise the country's transportation operations by investing in cutting-edge...

Miners, Operators Owe Nigeria Over N2tn – Minister The Minister of Solid Minerals Development, Dele Alake has said miners and operators in the country owe Federal Government over N2tn. He said this while issuing warning to states and local governments to steer clear of the collection...

Naira Springs Back After CBN Directive on Shelling Excess Dollar Before the February 1, 2024 deadline given by the Central Bank of Nigeria (CBN) to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their...

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 the operation of IMTOs, which...

Jalal Arabi, Shuttle Diplomacy and NAHCON'S Preparations for 2024 Hajj By Fatima Sanda Usara From 7th of January 2024 to the end of the pre-Hajj visit, the Chairman of the National Hajj Commission of Nigeria (NAHCON) Malam Jalal Ahmad Arabi led his team in making preparatory...

High inflation, Reforms Create Hardships in Nigeria - IMF The International Monetary Fund has disclosed that high inflation is creating hardships in Nigeria. The Division Chief, Research Department, Daniel Leigh, revealed this at the fund’s press briefing for its January 2024 World Economic Outlook Update. Leigh...