The Central Bank of Nigeria took a significant step on Monday to bolster foreign exchange liquidity by issuing a new circular instructing Deposit Money Banks […]
Category: Economy
Economy
EFCC Launches Probe into Suspected Petroleum Product Dealers in Uyo Zone
The Uyo Zonal Command of the Economic and Financial Crimes Commission (EFCC) has initiated an investigation into the alleged illegal activities of eight suspected petroleum […]
CBN Bars Foreign Currency as Collateral for Naira Loans in Major Policy Shift!
The Central Bank of Nigeria (CBN) has issued a circular prohibiting the use of foreign currency (FCY) as collateral for Naira loans, signaling a significant […]
Governor Aiyedatiwa Kickstarts Federal Government Palliative Distribution to Ondo Farmers!
Ondo State Governor, Lucky Aiyedatiwa, has initiated the distribution of Federal Government palliatives to farmers in the state. The distribution, involving 40 trailers of grains, […]
Binance Official Remanded in Kuje Prison Over Money Laundering Charge
The Federal High Court sitting in Abuja, on Monday, remanded a top official of Binance Holdings Limited, Tigran Gambaryan, in Kuje prison. Trial Justice Emeka […]
Former CBN Governor Emefiele Remanded by Lagos Court for Alleged Abuse of Office
Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, was remanded in the custody of the Economic and Financial Crimes Commission (EFCC) following his arraignment […]
TCN Transmits 3,009MW Despite Tariff Adjustments
The Transmission Company of Nigeria (TCN) transmitted 3,009MW to the 11 electricity Distribution Companies (DisCos) on Sunday at 17:39 hour, despite the Nigerian Electricity Regulatory […]
Lagos State Government Terminates Agreement for Kantagua Market Development
The Lagos State Government has terminated its agreement with Messers Bridgeways Global Projects Limited regarding the Kantagua Market, which was intended to house the Computer […]
New National Identity Card with Payment Features Set to Launch in Nigeria
The Federal Government, in collaboration with the National Identity Management Commission (NIMC), is set to introduce a new National Identity Card featuring payment and social […]
Tax Evasion Trial of Binance and Executives Postponed by Federal High Court
The Federal High Court in Abuja has postponed the arraignment of Binance Holdings Limited and its top officials, Tigran Gambaryan and Nadeem Anjarwalla, on a […]