The Central Bank of Nigeria (CBN) has excluded Bureau De Change (BDC) operators from its latest tranche of foreign exchange (forex) sales, limiting the intervention […]
Category: Business
Business
Dangote Refinery to Begin Petrol Production Next Month Following Resolution of Crude Supply Issues
The Dangote Group, led by Chief Executive Officer Alhaji Aliko Dangote, announced that petrol production will commence next month at the Dangote Petroleum Refinery. This […]
Governor Adeleke and Lawmaker Advocate for Youth Involvement in Agriculture
Governor Ademola Adeleke of Osun State and Adewumi Adeyemi, a lawmaker representing Obokun State Constituency, have called for increased participation of youths and fresh graduates […]
Three Illegal BDC Operators Sentenced to One Year Imprisonment in Maiduguri
Justice K. Dagat of the Federal High Court in Maiduguri, Borno State, has convicted and sentenced three illegal Bureau-de-Change (BDC) operators to one year imprisonment […]
CBN Resumes Forex Sales to BDC Operators After Four-Month Break, Injects $122.67 Million to Stabilize Market
The Central Bank of Nigeria (CBN) has resumed forex sales to Bureau De Change (BDC) operators after a four-month hiatus, injecting $122.67 million into the […]
Swift Action to Tackle Food Inflation, Says Agriculture Minister
Minister of Agriculture and Food Security, Abubakar Kyari, announced an emergency plan to curb rising food prices and ensure food security. The plan includes a […]
FUTA Non-Teaching Staff Protest for Release of Withheld Salaries
Non-teaching staff members at the Federal University of Technology, Akure (FUTA) have staged a peaceful protest demanding the release of their four months’ withheld salaries […]
Petrol Scarcity Spreads to Lagos, Prices Surge Amid Long Queues
The petrol scarcity that began six days ago in the Federal Capital Territory (FCT) has now spread to Lagos, causing motorists to endure long waits […]
High Airfares Soar as Nigerian Airlines Struggle with Fleet Reduction
A reduction in serviceable aircraft among Nigerian carriers has led to a significant increase in domestic airfares, with one-hour flights now costing between N92,000 and […]
74 Contractors Compete for Street Light Maintenance in AMAC, FCT
Seventy-four contractors are vying for the contract to maintain and provide street lights in the Abuja Municipal Area Council (AMAC) area of the Federal Capital […]