The Federal Government announced that the resumption of cargo train services on the Lagos-Kano route is expected to reduce food prices and extend the lifespan […]
Category: Economy
Economy
NDIC Begins Liquidation of Heritage Bank After License Revocation
The Nigerian Deposit Insurance Commission (NDIC) has initiated the liquidation process for the failed Heritage Bank, beginning with the verification and payment of depositors. This […]
OPay Reiterates Prohibition of Cryptocurrency and Virtual Asset Trading on Its Platform
OPay, a leading financial technology company, has reaffirmed its strict prohibition of cryptocurrency and virtual asset trading on its platform. As a compliant organization committed […]
Dangote Refinery Exports First Jet Fuel Cargo to Europe
Nigeria’s Dangote Refinery has achieved a significant milestone by exporting its first jet fuel cargo to Europe, marking a pivotal moment in the global energy […]
One Year in Office: Tinubu’s Administration Awards 51 Infrastructure Contracts Worth N6.27 Trillion
The Federal Government, under President Bola Tinubu, has awarded 51 contracts worth N6.27tn over the past eight months to develop various infrastructural projects across Nigeria. […]
Government Vows to Boost and Aid Local Airline Industry with New Initiatives
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 […]
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 […]
Obasanjo Criticizes Implementation of Tinubu’s Economic Policies, Suggests 25-Year Development Plan
Former President Olusegun Obasanjo has said that while the subsidy removal and exchange rate policies introduced by President Bola Ahmed Tinubu’s administration were necessary for […]
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 […]