The Economic and Financial Crimes Commission (EFCC) arraigned former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele on Wednesday for allegedly approving the […]
Category: Economy
Economy
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 […]
EFCC: Former Aviation Minister, Brother, and Company Charged with N19.4 Billion Fraud
The Economic and Financial Crimes Commission (EFCC) has filed fresh charges against former Minister of Aviation, Hadi Sirika, his brother, Ahmad Sirika, and their company, […]
Federal Government May Need Supplementary Budget for Minimum Wage Increase
The Federal Government of Nigeria may need to consider a supplementary budget to accommodate the proposed increase in the minimum wage for workers, according to […]
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, […]
Organised Labour Protests Electricity Tariff Hike in Ebonyi
Organised Labour in Ebonyi State took to the streets on Monday to picket the offices of the Enugu Electricity Distribution Company (EEDC) and the National […]
Organised Labour Protests Electricity Tariff Hike in Kaduna
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) led a protest at the headquarters of the Kaduna Electricity Distribution Company in Kaduna, opposing […]
IMF Recommends CBN to License Cryptocurrency Dealers
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to issue operating licenses or register cryptocurrency dealers. This recommendation is part […]
CBN Expected to Suspend Implementation of Cybersecurity Levy
The Central Bank of Nigeria (CBN) is expected to direct banks to suspend the implementation of the Cybersecurity Levy, which was scheduled to begin on […]