News

Saudi Arabia Executes 98 Food, Health Projects Worth N56bn in Nigeria In recent years, the Kingdom of Saudi Arabia has executed 98 projects in Nigeria...

Forex: Telecos Seek NCC Approval for Tariff Hike Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through...

Forex Shortage Delays Crude Supplies – Dangote Chinese state energy major, PetroChina, has been waiting to unload a cargo of United States crude at Nigeria’s...

Naira Depreciates to N1,405/$ in Parallel Market The Naira depreciated to N1,405 per dollar in the parallel market, from N1,305 per dollar on Wednesday. Similarly, the...

Nigeria Air: Former Aviation Minister, Hadi Sirika, in EFCC Custody Over N8bn Fraud The Economic and Financial Crimes Commission (EFCC) has arrested Hadi Sirika, Minister...

‘Remittance Task Force’ to Operate Under Cardoso’s Direct Supervision - CBN The Central Bank of Nigeria (CBN) has announced the formation of a “Remittance Task...

Nigeria to Receive $2.2bn Loan from World Bank The Federal Government is looking forward to receiving around $2.2 billion single-digit interest loan from the World...

How Naira Emerged World Best Performing Currency - Cardoso The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has explained why Naira made a remarkable...

FG to Roll Out 2,700 CNG Buses, Tricycles Next Month The Presidency has said it is set to launch about 2,700 Compressed Natural Gas-powered buses...

Nigerian Products will Add Value to your Markets - Tinubu Tells Korean Envoy President Bola Tinubu has said Nigeria's investment climate has been bolstered by...

Nigeria's Economy May Drop to Fourth Largest in Africa – IMF Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to...

Federation Account Gets N7.3tn in Six Months – RMAFC The Revenue Mobilization Allocation and Fiscal Commission has disclosed that a total sum of N7.3tn accrued...

Electricity Tariff Hike Reversal Requires N3.2trn – NERC The Federal Government of Nigeria will need to come up with the sum of N3.2trn in 2024...

Rising Inflation Sends 10m Nigerians into Poverty – World Bank The World Bank in its Macro Poverty Outlook for Nigeria: April 2024 has stated that...

Nigeria Issues N8trn in Treasury Bills to Stabilise Economy – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, on Thursday...

NDLEA Destroys 304,436kg, 40,042ltrs of Illegal Drugs in Lagos The National Drug Law Enforcement Agency, NDLEA, on Tuesday destroyed a total of 304,436kg kilograms and...

NDLEA Arrests 50,901 Suspects, Secures 9,034 Convictions, Seizes 7,561tn Substances in 38 Months Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, NDLEA, Brig...

Naira Closes at N1,050 per Dollar at Parallel Market The naira yesterday exchanged at N1,050 to dollar at the parallel market. It exchanged at N1,125 to...

Naira Gains Against Dollar, Trades for N1,136.04 per Dollar The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from...

Nigeria Customs Deepens Ties with Benin Republic to Facilitate Trade The Nigeria Customs Service (NCS) has expressed commitment to strengthening the existing bilateral ties with...