Nigeria’s Central Bank Blames Volatile Forex Market On ‘Seasonal Demand’ For Dollars
The Central Bank of Nigeria attributed the recent fluctuations in the foreign exchange market to seasonal fluctuations in demand for...
Economy
EXCLUSIVE: Meet the man who will suceed Adeduntan as First Bank CEO
Segun Alebiosu, currently the executive director/chief risk officer/executive compliance officer at First Bank of Nigeria Plc, is poised to assume...
FG rolls out 2,700 CNG buses, tricycles May 18
The Presidency has announced plans to introduce approximately 2,700 Compressed Natural Gas (CNG)-powered buses and tricycles before May 29, coinciding...
Tinubu Government To Take Fresh $2.2Billion World Bank Loan For Nigeria
The Minister of Finance, Wale Edun, announced during a press briefing in Washington DC that Nigeria, under President Bola Tinubu's...
The Nigerian Ports Authority (NPA) has secured about $700million loan from Citibank for the of Apapa and Tin-Can Island Ports in Lagos.
The loan is to be funded by the UK Export Finance (UKEF) an export credit agency. NPA has also opened...
BREAKING: Anti-Graft Agency EFCC Barricades Ex-Governor Yahaya Bello’s House In Abuja Amid N84billion Fraud Case
The Economic and Financial Crimes Commission (EFCC) has surrounded the residence of Yahaya Bello, the former governor of Kogi State,...
Nigeria’s inflation hits 33.20% amid high food pricesThe food inflation rate in March 2024 quickened to 40.01 per cent on a year-on-year basis
Inflation The National Bureau of Statistics (NBS) announced that Nigeria's annual inflation rate surged to 33.20% in March, up from...
Kano Governor Launches Ramadan Rice Distribution to Less-Privileged, Warns Against Diversion and Vows Decisive Action Against Violators
Kano State Governor, Abba Kabir Yusuf, has initiated the distribution of 224,440 bags of 25kg rice to the less-privileged across...
NERC Approves New Electricity Tariff, Expects N1.14 Trillion Reduction in Subsidies
The Nigerian Electricity Regulatory Commission (NERC) has announced that the newly approved electricity tariff is expected to reduce subsidies for...
Tinubu Vows to Tackle Soaring Inflation, Economic Challenges
President Bola Tinubu has reassured Nigerians of his administration's commitment to reducing the country's soaring inflation rate and addressing its...
