Court Restrains Emefiele’s Re-arrest, Fines EFCC N100m
The Federal Capital Territory High Court in Abuja has declared the prolonged detention of the former Governor of the Central Bank of Nigeria, Godwin Emefiele, without trial as a flagrant violation of his fundamental rights.
The court slammed a...
FX Liquidity Conditions To Remain Tight Amid $33bn Reserve Level
Despite Nigeria’s FX reserves starting the year on a positive note, economic analysts have said they expect FX liquidity conditions to remain tight pending receipt of expected FX inflows.
According to data obtained from the Central...
$2bn Debt: Airlines Get $62m As CBN Repays Banks
The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks.
Reports have put CBN’s forward contract obligations to banks at $7bn....
FG Extends Free Train Rides Till Sunday
The Federal Government has extended the free train ride initiative till Sunday to further reduce financial pressure on travellers heading to various destinations after the festive period.
The Managing Director, Nigerian Railway Corporation, NRC, Mr Fidet Okhiria, revealed this...
Price of Local Rice Rises 73% in 2023 – NBS
The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year.
This happened despite a multi-billion naira funding...
Obasanjo Criticises FG on N88tn Debt Burden, Says Relief Mismanaged
Former President Olusegun Obasanjo says Nigeria and other African countries may find it difficult to secure debt relief considering their large debt profiles.
Obasanjo also indicated that the debt relief secured by Nigeria from the Paris...
