President Bola Tinubu has provided an explanation for the delay in the free distribution of 42,000 metric tonnes of grains aimed at addressing food […]
Category: Economy
Economy
CBN Implements Guidelines to Overhaul BDC Operations and Combat Forex Crisis
The Central Bank of Nigeria (CBN) has issued new guidelines aimed at regulating Bureau De Change (BDC) operations in the country. Under these guidelines, […]
Federal Government Vows to Hunt Economic Saboteurs
Nigeria’s Minister of Information and Culture, Mohammed Idris has pledged the Federal Government’s determination to pursue economic saboteurs while assuring Nigerians of the positive […]
Federal Government Cracks Down on Binance and other Crypto Platforms
The Federal Government has taken action against online platforms like Binance and others in the cryptocurrency sector, alleging forex market manipulation. Binance, a digital […]
Government Bans Cooking Gas Export
The Nigerian Federal Government has banned the exportation of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, to reduce its price and […]
CBN Ordered to Pay German Businessman N63.7m for Unlawful Detention
A Federal High Court in Abuja has instructed the Central Bank of Nigeria (CBN) to compensate a German national, Martin Gegenheimer, with N63.7 million […]
NLC President Slams DSS, Vows Peaceful Protest Despite Warning
The leadership of Organised Labour has responded to the Department of State Services (DSS) following its warning to shelve the proposed protest scheduled […]
Economic Woes Worsen in Nigeria as Petrol Price Hits ₦1000 Per Litre
The Nigerian economy may have gone from having a ‘bad day’ to slumping into full blown crisis. On Wednesday, despite the efforts by the […]
Niger State Civil Servants Strike: Workers Sent Home, Offices Closed Amidst Lockdown
Niger state civil servants commenced an indefinite strike today, Wednesday, February 21, students were sent home, court proceedings were suspended, and government offices remained […]
President Tinubu Appoints Hafsat Bakari as NFIU Director
President Bola Tinubu has given his approval for the appointment of Hafsat Bakari as the Director/Chief Executive Officer of the Nigerian Financial Intelligence […]