FG Disagrees With CBN Governor Over Redesign Of Naira Notes
Barely Forty Eight hours after the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele announced that the apex bank would redesign the country's...
Fuel Scarcity: IPMAN Explains Why Fuel Queues Returned To Lagos
The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has disclosed why there is fuel scarcity leading to queues in Lagos state.
Speaking to Daily Trust,...
Naira depreciates by 50% after ban on BDCs
Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes, the black market value of the dollar against...
Kogi Receives First Payment As Oil Producing State
The Kogi State Governor, Yahaya Bello has revealed that the state has received its first payment of the as an oil producing state.
Bello disclosed...
NLNG Shuts Operations Over Flooding, Gas Scarcity Looms
The Nigeria Liquefied and Natural Gas company has announced suspension of its operations due to flooding.
NLNG declared force majeure as a result of the...
Sanwo-Olu unveils 30-year dev’t plans, signs Lagos Wealth Fund Bill
Lagos State Governor Babajide Sanwo-Olu has signed the Lagos State Wealth Fund (LSWF) bill and the Lagos State Civil Bill which will be sent...
Reason CBN needs to adopt blockchain – Professor Yemi Osinbajo
Professor Yemi Osinbajo has stated that Nigeria may need to further broaden the scope of its banking licences in order to accommodate more players...
BREAKING: Naira falls big to N740/$1 on black market Exchange Rate
On the black market, the naira-US dollar exchange rate has dropped to a new low, trading at a minimum of N740/$1 on Tuesday morning....
Inflation: CBN raises interest rate to 15.5%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 15.5 percent, from 14 percent in a bid to curb...
Buhari Approves Fuel Subsidy Removal For June 2023
The Minister of Finance, Zainab Ahmed, has disclosed that President Muhammadu Buhari has set June 2023 as the date for the removal of fuel...