Tinubu Sets up Presidential Initiative on CNG, Targets 11,500 Gas Vehicles President Bola Ahmed Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI)as part of measures to ease the pain of fuel subsidy removal. This initiative according to presidential spokesman, Ajuri Ngelale,...

Group to EFCC: Hasten Probe of ex-Petroleum Minister, Sylva The Centre for Human Rights and Socio-Economic Justice has asked the Economic and Financial Crimes Commission (EFCC) to speed up investigations of its petition, requesting probe of Mr Timiore Sylva, immediate past minister of state for...

Currency in Circulation Falls 2.6tn to 2.59tn in Five Months The total amount of currency-in-circulation in the country dropped from N2.6tn (N2,603,266m) as of the end of June 2023 to N2.59tn (N2,595,761m) as of the end of July 2023. This is the first time the figure...

CBN Launches FX price verification system portal The Central Bank of Nigeria has introduced a foreign exchange price verification system designed for importers to have access to forex. The apex bank in a statement from its Trade and Exchange Department on Thursday night, said a price...

NDIC to Probe Directors of Failed Banks for fraud, Malpractices The Nigeria Deposit Insurance Corporation has disclosed plans to probe directors of some failed banks in the country. The Managing Director, NDIC, Mr Bello Hassan, said this during a capacity building workshop for law enforcement agencies...

Recent Pension Scheme Unattractive - NLC President The Nigeria Labour Congress (NLC), on Thursday, declared that the pension system in the country had failed to address the fears of Nigerian workers. In buttressing its claim, the NLC revealed that the inefficiencies in the system recently made...