Non-bank Transactions Surge Threatens W’Africa’s Financial Stability – Cardoso The Governor of the Central Bank of Nigeria, Yemi Cardoso, has raised concerns about the growing volume of financial transactions by non-bank and Other Financial Institutions, saying they pose significant risks to the stability of the...

FCCPC Investigates Steel Manufacturers Over Product Quality The Federal Competition and Consumer Protection Commission (FCCPC) is investigating the quality of steel being produced by three local steel manufacturing companies. The FCCPC team, at the weekend, stormed three steel manufacturing firms in Ogun State to investigate the...

CBN Parleys OPS to Boost Productive Sector The Central Bank of Nigeria (CBN) recently hosted a dialogue between the Organised Private Sector (OPS) and relevant stakeholders to explore strategies for enhancing Nigeria’s productive sector. The meeting held at the bank’s Lagos office focused on exploring how...

Refineries Will Begin Operation Before December – Chairman Niger Delta Affairs The Senator representing Ondo North Senatorial District, Jide Ipinsagba, has assured Nigerians that refineries will begin full operation before the end of the year. Ipinsagba, the chairman on Niger Delta Affairs, said the sufferings of...

New Minimum Wage May Push States into Bankruptcy — NGF Report As the nation awaits the new minimum wage promised to be sent to the National Assembly by President Bola Tinubu, the burden of implementing the minimum wage may make many states bankrupt. The Federal Executive...

Naira, Two Others Worst Performing Currencies in 2024 – Bloomberg The naira has emerged as the worst-performing currency in the world in the first half of 2024. According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by...