CBN Orders Banks To Save Gains From FX Revaluation   The Central Bank of Nigeria, CBN, has ordered banks to save gains from foreign exchange (FX) revaluation as a buffer against emerging economic shocks. The regulator in this regard stopped banks from using FX revaluation gains to...

Macroeconomic Management: Nigeria Needs Urgent Structural Reforms - World Bank   The World Bank has raised concerns over Nigeria’s macroeconomic management, calling for an urgent need for structural reforms to among other things improve revenue mobilization and financial management. The Bank said this would be imperative for...

Brent Crude Hits $92 Per Barrel   Oil price, on Friday, edged up to over $9o a barrel for the first time since November 2022. Brent crude, the global oil benchmark, increased by 1.69 percent to $92.23 a barrel, while US West Texas Intermediate jumped 2.02 percent...

'UAE Visa Ban Lift’ll Transform Stock Exchange'   Billionaire businessman, Mr Femi Otedola, yesterday, commended President Bola Tinubu for resolving the United Arab Emirates, UAE, visa ban on Nigerians. While commenting on the efforts by Tinubu to resolve the impasse between Nigeria and UAE, Otedola, in a...

Transport Minister Inaugurates Freight Services On Apapa-Ibadan Cargo Rail The Minister of Transportation, Senator Saidu Alkali has inaugurated the first cargo movement from the Lagos-Ibadan rail corridor during his first official tour of the rail corridor on Tuesday. The minister kicked off the tour at the...

Emirates Flight to Resume Operations in Nigeria Emirates and Etihad Airlines are expected to resume flight operations in Nigeria after 10 months of suspension. The development is the result of a meeting between President Bola Ahmed Tinubu and Mohamed bin Zayed, president of the United Arab...