The Central Bank of Nigeria (CBN) has announced a second intervention this month, allowing licensed Bureau De Change (BDC) operators nationwide to purchase $10,000 each. […]
Category: Economy
Economy
EFCC: Former Aviation Minister Arrested for Alleged N8.06 Billion Fraud, Emefiele Faces Fresh Charges!
The former Minister of Aviation, Hadi Sirika, has been arrested by the EFCC and is set to face charges alongside his brother, Abubakar, following an […]
EFCC Set to Prosecute 300 Forex Racketeers in Major Crackdown!
The Economic and Financial Crimes Commission (EFCC) is set to prosecute 300 forex racketeers operating on a peer-to-peer platform outside financial regulations. This move comes […]
Dangote Refinery Slashes Diesel and Aviation Fuel Prices: N940 and N980 per litre!
Dangote Petroleum Refinery has once again made headlines by announcing a significant reduction in the prices of diesel and aviation fuel. The new prices, set […]
Naira Surge Sparks Rice Price Drop: Bags Now at N67,000 in Major Cities!
The recent strengthening of the naira against the dollar has led to a drop in the price of a 50-kilogram bag of rice, now averaging […]
IPMAN Foresees Further Diesel Price Drop to N700/Litre Thanks to Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is optimistic about further reductions in diesel prices, expecting Dangote refinery’s impact to bring it down to […]
Nigerian Airports Miss Top 10 as Cape Town Airport Named Best in Africa for 2024
Nigerian airports did not feature in the top 10 list of best airports in Africa as Cape Town International Airport in South Africa was named […]
Tinubu Administration Committed to Strengthening Nigeria’s Economy, Says Onanuga
Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, has stated that the Tinubu administration is working diligently to strengthen Nigeria’s […]
Minister Test Runs E-Gates at Abuja Airport, Announces 99% Completion
Minister of Interior, Dr. Olubunmi Tunji-Ojo, conducted a test run of the electronic gates (e-gates) at the Nnamdi Azikiwe International Airport, Abuja, declaring that the […]
Oil Prices Surge Over 3% on Reports of Explosions in Iran, Syria, and Iraq
Oil prices surged by over three percent in early Asian trading on Friday following unconfirmed reports of explosions in Iran, Syria, and Iraq. This sparked […]