NDIC Reimburses Depositors of Rested Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced the reimbursement of depositors affected by the closure of 179 microfinance and…
Year: 2024
NCAA Sets Up Committee to Investigate Foreign Airlines’ High Fares
The Nigeria Civil Aviation Authority (NCAA), led by Chris Najomo, has established a 10-man committee to probe foreign airlines regarding…
Bill to amend NDIC Act scale second reading at Senate
A Bill seeking to amend the Nigeria Deposit Insurance Corporation (NDIC) Act No. 63 of 2023 to enhance the corporation’s…
Nigeria’s Crackdown on Binance Sparks Concerns for Cryptocurrency Future
Nigeria’s recent crackdown on Binance, a prominent cryptocurrency platform, has ignited concerns regarding the future of cryptocurrency in the country.…
You Can’t Fight Me – Tinubu Dares NLC
President Bola Ahmed Tinubu criticized the recent Nigeria Labour Congress (NLC) protest, cautioning the labor movement against assuming it represents…
Tinubu Directs Cement Companies to Revert to Old Prices- Minister
President Bola Ahmed Tinubu has instructed cement companies to return to previous pricing levels, as disclosed by Minister of Works,…
House of Rep Cautions Tinubu on Orosanye Report Implementation
The House of Representatives has cautioned the Bola Tinubu-led presidency against hastily implementing the Orosanye Report, urging thorough review before…
MMA2 Wins Two Awards at Nigerian Aviation Ceremony
Bi-Courtney Aviation Services Limited (BASL), which operates the Murtala Muhammed Airport Terminal Two (MMA2), proudly announced its success at NIGAV’s…
Delta State Government Partners with UK Firm for Mangrove Restoration Project
The Delta State Government recently finalized an agreement with a United Kingdom firm and other partners to restore mangrove forests,…
Ibom Air Adjusts Flight Schedule After Wet-Lease Discontinuation
Following the termination of its wet-leased aircraft arrangement, Ibom Air has announced adjustments to its flight schedule, assuring passengers that…
SEC May Wield Hammer on Binance, Other crypto Platforms For Illegal Operations
The Securities and Exchange Commission (SEC), Nigeria, is considering imposing huge fines, potentially amounting to billions of dollars, on Binance,…
3.0 Verse Launches Operations in Nigeria to Simplify Digital Assets
3.0 Verse, a digital assets company, has inaugurated its operations in Nigeria, marking its entry into the African market. The…
Naira Records First Gain at Official Market After Rate Hike
The Nigerian naira has experienced a slight appreciation of 0.39 percent in the official foreign exchange (FX) market, marking its…
CBN Resumes Dollar Sales to BDCs to Stabilize Naira
After a three-year hiatus, the Central Bank of Nigeria (CBN) has reinstated dollar sales to Bureau De Change (BDC) operators,…
CBN’s Monetary Policy Committee Raises Interest Rate to 22.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), under the leadership of Olayemi Cardoso, announced a…
ICC Orders Record Reparations for Victims of Ugandan Militia Commander
International Criminal Court (ICC) judges have ruled that nearly 50,000 victims of Ugandan militia commander Dominic Ongwen are entitled to…
U.S. Urges UN Security Council Action to End Sudan Conflict
The United States has urged the United Nations Security Council to intervene and help resolve a nearly year-long conflict in…
Guinea’s Trade Unions Suspend Nationwide Strike
Guinea’s trade unions have lannounced the suspension of a nationwide strike that had brought the West African nation and its…
Impala Platinum Considers Closure of South African Mines
Impala Platinum (IMPJ.J) is considering the closure of some of its loss-making South African mining operations if metal prices continue…
Oil falls on US demand worries, interest rate fears
Oil prices experienced a decline on Thursday following a larger-than-expected build in U.S. crude stockpiles, raising concerns about sluggish demand.…
Int’ Game Technology to merge two units with Everi in $6.2 bln deal
International Game Technology (IGT.N) announced on Thursday its decision to split its global gaming and playdigital businesses and merge them…
Oronsaye Report Outdated, Says Shehu Sani
Former lawmaker Senator Shehu Sani has emphasized the need to update the Oronsaye Report before its implementation, citing its obsolescence…
Nigerians Are Happy People… They Can Absorb Hardship And Keep Moving – Deputy Speaker
During a session on Wednesday, Benjamin Kalu, the deputy speaker of the lower legislative chamber, expressed his belief that Nigerians…
Immigration: FG Asks Seniors, Juniors Of New CG To Resign
The Federal Government is poised to carry out a mass retirement of Senior Officers within the Nigeria Immigration Service, barring…
Inside Details Of How Nigerian Govt Detained Binance Executives
The Nigerian government has detained two executives of the Binance crypto exchange platform as part of efforts to stabilize the…
JUST IN: MPC Raises Interest Rate To 22.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark…
Widow’s $1 Billion Surprise Gift: Bronx Med Students’ Tuition Covered Forever
When Ruth Gottesman’s husband passed away in 2022, she discovered a surprise: $1 billion in Berkshire Hathaway stock left by…
Fire Incident at FCMB Office in Lagos Island
First City Monument Bank (FCMB) confirmed a fire incident on Monday, February 26, on the 7th floor of its office…
Foreign Investors Pause Nigerian Investments Over Naira Volatility
Foreign investors are holding back on new investments in Nigeria, awaiting stability in the country’s currency, the naira. A projected…
Civil Society Leaders Urge Halt to Shell Petroleum Sale in Nigeria
A coalition of civil society leaders has united in a call for the cessation of the sale of Shell Petroleum…