The Federal Government has committed to providing increased support to local airline operators, aiming to create a more conducive environment for their operations. Minister of […]
Category: Business
Business
Naira Strengthens by 9.68% at Official Window
On Monday, the naira appreciated to 1,339.33/$, gaining 9.68% over Friday’s rate of 1,482.81/$. FMDQ data revealed a significant decline in daily turnover, dropping to […]
Court Orders Interim Forfeiture of Funds and Properties Worth $4.7 Million Linked to Former CBN Governor Godwin Emefiele
A Federal High Court sitting at Ikoyi, Lagos has ordered the interim forfeiture of $4,719,054 USD, N830,875,611, and several properties linked to the embattled former […]
CBN’s New Guidelines for Bureaux De Change to Address Forex Crisis
In a bid to tackle the ongoing forex crisis, the Central Bank of Nigeria (CBN) has implemented stringent new guidelines for the operations of […]
Lagos State Attracts Over N50 Billion Investment in One Year
Lagos State has successfully attracted over N50 billion in investments through Foreign Direct Investment (FDI) and Domestic Direct Investment (DDD) in the past year, according […]
CBN Raises Interest Rates to 26.25% Amid Rising Inflation
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR) from 24.75 percent to 26.25 percent. This decision, announced […]
NNPC CEO Highlights Gas Sector’s Role in Revenue Generation
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), emphasized the pivotal role of the country’s gas sector […]
OPEC: Nigeria’s Oil Output Rises to 1.28 Million Barrels per Day in April 2024
The Organisation of Petroleum Exporting Countries (OPEC) disclosed that Nigeria’s oil output, excluding condensate, increased by 4 per cent to 1.28 million barrels per day […]
Minister of Marine and Blue Economy Highlights Nigeria’s Fishing Industry Potential to Surpass Oil Sector
The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has emphasized the significant potential of Nigeria’s fishing industry, suggesting that it could rival the […]
CBN Governor Signals Commitment to High Interest Rates to Tackle Inflation
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank will maintain high interest rates until inflation eases, […]