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: Economy
Economy
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 […]
NLC Pushes for N250,000 Minimum Wage Ahead of Meeting with President Tinubu
The Nigeria Labour Congress (NLC) is poised to advocate for a minimum wage of N250,000 as it prepares to meet with President Bola Tinubu at […]
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 […]
President Tinubu to Meet Labour Leaders on New Minimum Wage
President Bola Tinubu has invited the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to a meeting at Aso Villa on Thursday, July […]
Senator Demands BoI Accountability for $300 Million Local Content Fund
Senator Natasha Akpoti-Uduaghan, Chair of the Senate Committee on Local Content, has called on the Bank of Industry (BoI) to explain its use of the […]
NCAA Cracks Down on Airlines for Misleading Departure Times
The Nigeria Civil Aviation Authority (NCAA) has announced it will sanction airlines engaging in deceitful departure time scheduling. Acting Director-General Capt. Chris Najomo emphasized this […]