Browsing Category
Breaking
Breaking: IPMAN Orders Members to Halt Operations and Shutdown Fueling Facilities.
According to reports, the Independent Petroleum Marketers Association of Nigeria (IPMAN), which represents oil…
FG Supports NEPZA’s Initiative to Designate Universities as Economic Zones
The expedited efforts by the Nigeria Export Processing Zones Authority (NEPZA) to designate willing universities…
Elon Musk Releases Starlink in Nigeria At A Discount
Nigeria is the first nation in Africa to benefit from Elon Musk's satellite business, SpaceX, which is now open to…
After The Deadline, Banks Would Still Accept Old Notes — Emefiele
Commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline, the…
After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, "Nigeria's sovereign-risk premium jumped the most in three months after Moody's Investors…
Nigeria’s New Naira: Racketeering Thrives In Abuja And Other States
In Abuja, the nation's capital, Lagos, Anambra and other states, black marketers were observed selling the new…
AFDB is Planning a $1.5 billion Food Facility For Nigeria And Other Countries
The African Development Bank has said it has put in place a $1.5bn emergency food production facility to support…
The CBN Has Agreed To Extend Exchanging Old Naira Notes By Ten Days.
CBN governor Godwin Emefiele in a statement said the new deadline is February 10, 2023. Emefiele made the…
The Central Bank of Nigeria has increased interest rates to 17.5%.
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by…
CBN Bans Abuja and Lagos PoS Operators for Cash Swap.
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria's…
Nigeria: FG wants the London Court to Reverse $11 billion in Damages.
Nigeria was the target of "a campaign of bribery and fraud" regarding a failed gas processing project, its…
Usain Bolt Lost $12 million in Savings as a Result of a Scam.
Usain Bolt, a Jamaican Olympic sprinter, was astonished to find $12 million gone from an account he had with…
Chevron Suing Rita Lori and Others for N300m in Legal Costs.
Rita Lori Ogbebor and other individuals have been brought before the Delta State High Court in Warri by…
CBN: Banks are free to use ATMs to Pay Any denomination.
The Central Bank of Nigeria (CBN) may have rescinded its earlier order prohibiting banks from loading higher…
CBN Plans to Decrease Cash-based Transactions by 2025.
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the use of…
Breaking: New revised Cash Withdrawal Limit By The Central Bank Of Nigeria.
According to the CBN memo released today 06 December 2022, the Central Bank Of Nigeria has revised its cash…
Nigeria Loses More Than 500 Medical Consultants in Two Years to Developed Nations.
According to the Medical and Dental Consultants' Association of Nigeria (MDCAN), between 2020 and 2022, at least…
CBN Protects Naira With $11.24 billion in Seven Months.
To keep the value of the naira stable between January 2022 and July 2022, the Central Bank of Nigeria injected…
Anwar Ibrahim becomes the Tenth Prime Minister of Malaysia, making History.
Anwar Ibrahim, a veteran statesman from Malaysia, was named the nation's next prime minister. Following a lengthy…
A Fuel Depot in Southern Russia has Exploded.
According to Russian authorities, a fuel depot exploded in southern Russia near Ukraine. This is a result of a…
BREAKING: Court Issues Bench Warrant On Fleeing British National In Connection…
On Tuesday, November 15, 2022, Justice D U. Okorowo of the Federal High Court in Abuja issued a bench warrant for…
Amazon is Laying Off 10,000 Staffs.
Approximately 10,000 employees in business and technical jobs will be let go by Amazon.com Inc (AMZN. O) starting…
14.2 billion Tons of Limestone are Identified by an Agency.
According to Dr. Abdulrazaq Garba, Director-General of the Nigerian Geological Survey Agency, Nigeria possesses…
Britain Freezes £18bn Worth of Russian Assets.
Russia is now Britain's most-sanctioned nation, surpassing both Iran and Libya, according to the Office of…
Jumia CEOs Resign over Company Losses.
Sacha Poignonnec and Jeremy Hodara, the co-founders and co-CEOs of Jumia Technologies, have both resigned from…
Financial Crimes: Hushpuppi Bags 11years.
Ramon "HUSHPUPPI" Abbas, a well-known Instagram user, was given an 11-year prison term in the US. He was detained…
The Second-largest Shareholder in Twitter is the Saudi Prince, Alwaleed.
The monarch stated he adhered to his $1. 9 billion equity promise to the social media business's new owner; after…
India Bridge Collapse, Death Toll Rises to 134; Police Hold Nine.
The India bridge, which connects the Darbargadh Palace historic hotel with the town, is 1. 25 meters (4.1 feet)…
A Mall in Abuja Stops Operations Due to Security Concerns.
The management of the Jabi Lake Mall in Abuja's Utako neighbourhood suspended operations; due to threats to the…
Three Naira Notes Are Redesigned by Nigeria Central Bank.
Godwin Emefiele, the governor of the Central Bank of Nigeria, has announced that the top bank will rebrand three…