Ministry of Finance Incorporated: Can Takang Deliver? by Walter Duru, Ph.D   Nigeria’s President, Bola Ahmed Tinubu has just appointed a new leadership for the Ministry of Finance Incorporated (MOFI), an asset holding and management company under the Federal Ministry of Finance, with mandate as the...

Lawmakers Summon CBN, DISCOs, Over Alleged Misappropriation of $321m, N18bn Loan The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in relation to accusations of mismanaging loans amounting to US$321 million and N18.2...

DStv, GOtv Subscription Prices Increases by 19% - Multichoice Nigeria Pay -Tv operator, Multichoice Nigeria has announced another price increment across its DStv and GOtv packages by at least 19%. Coming as the second increment this year after the first one was implemented on May 1,...

Old Naira Notes Remain Legal Tender Beyond December 31, 2023 - CBN In a recent announcement, the Central Bank of Nigeria (CBN) clarified that the old N200, N500, and N1000 naira notes will continue to be accepted as legal tender even after December 31, 2023. This...

NNPCL to Supply Crude to Dangote Refinery in December 2023 - Report Nigerian National Petroleum Company Limited (NNPCL) will supply crude oil to Dangote Refinery in December 2023. This is according to a November 2 report by Reuters. In the report, it was stated that NNPCL plans...

Dollar Falls by 8.39% on Parallel Market Foreign exchange (FX) speculators are now counting losses as the dollar has fallen by 8.39 percent on the parallel market, following some government-announced policies. From the lowest of N1,310 per dollar, naira has strengthened to N1,200/$1 on the black...