In 5yrs, CBN Spent $65bn To Stabilise Naira After spending about $65 billion to stabilise the naira within five years, the Central Bank of Nigeria (CBN) must stop depleting Nigeria’s foreign reserves on the naira stability, said an economist and consultant, Mr. Ademola Henry Adigun. Adigun...

OPEC List: Nigeria Drops to 7th Position Fresh data from the Organization of Petroleum Exporting Countries, OPEC’s monthly oil market report for November has shown that Nigeria has dropped to the seventh position from the fifth position in September 2022. Recently, Nigeria has been facing a...

Alleged Fraud: Court Adjourns Fayose’s Trial till January The Federal High Court sitting in Lagos, on Friday, adjourned the alleged money laundering trial of former Governor of Ekiti State, Ayodele Fayose, until January 31 and February 1, 2023. The case was earlier scheduled for the continuation...

Dakar Summit: Nigeria Gets Highest Share of $93billion IDA Package President Muhammadu Buhari, Thursday, joined African leaders in Dakar, Senegal to launch “the largest financial package ever mobilised in the history of the International Development Association (IDA) - $93billion - geared towards a “robust and...

TETFund: N185bn Spent On Training 35,000 Nigerian Scholars A total of N185 billion has been expended on the training of 35,000 Nigerian scholars by the Tertiary Education Trust Fund, TETFund. The scholars drawn from public tertiary institutions across the country, were trained by TETFund under...

Amid Market Uncertainties, Dangote Cement Grows Q1’22 Profit To N105.9bn Dangote Cement generated N105.9 billion in profit after tax for the first quarter of 2022 across its African market, rising by 18% year-on-year, after selling a total volume of 7.2Mt of cement. This followed a 24.2%...