FG Begins Probe as TCN Disconnects Ajaokuta Over N33bn Electricity Debt The Federal Government on Thursday said it would investigate how the non-functioning Ajaokuta Steel Company Limited accrued N33bn in electricity debt which prompted the Transmission Company of Nigeria to disconnect the company from the...

Marwa Commissions Refurbished NDLEA Forensic Lab as Partners Pledge More Support  The Chairman of the National Drug Law Enforcement Agency, Brig. Gen. Mohamed Buba Marwa (Retd) has said that the upgrade of the forensic laboratory of the Agency by the United States Bureau of International...

PROFILE: Meet Yetunde Oni, Union Bank’s new Managing Director By Zekeri Idakwo Following the recent dissolution of the boards of three Nigerian banks, the Central Bank of Nigeria has appointed Yetunde Oni as the new Managing Director/CEO of Union Bank. The CBN announced Oni's appointment as the...

Naira Depreciates Further Despite $2.2bn Afreximbank’s Inflow Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the foreign exchange market through interventions, the currency’s downward trend persists, prompting concerns about its potential impact on the broader economy. The depreciation of Nigeria’s currency is...

BVN: Over 60.2m Nigerians Now Registered as January 31st deadline Nears - NIBSS The Nigerian Interbank Settlement System, registration data showed that over 60.2 million Nigerians now have a Bank Verification Number (BVN), 21 days before the deadline set by the Central Bank of Nigeria. This...

Customs Revenue Rises 21.4% to N3. 206 trn The Nigeria Customs Service (NCS) has recorded a N3.206 trillion revenue collection in 2023, representing an increase of 21.4 percent from N2.64 trillion recorded in 2022. The Comptroller-General (CG) of Customs, Mr. Adewale Adeniyi , disclosed the figure...