Lagos State Government to Remove Illegal Buildings in Two Weeks
The Lagos State Government has announced plans to initiate the removal of illegal building attachments and conversions across the state…
Category: Breaking
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks…
EFCC Investigates Controversial Nigeria Air Deal-Festus Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo, revealed on Wednesday that the Economic and Financial Crimes Commission (EFCC) is…
CBN Clears Foreign Airlines’ Unpaid Claims
The Central Bank of Nigeria (CBN) announced that it has settled outstanding payments owed to foreign airlines operating in the…
Runway Incursions as Threat to Nigeria’s Aviation Industry
The aviation sector in Nigeria faces a significant challenge with the increasing occurrence of runway incursions, raising concerns among stakeholders…
Geregu Power Plc Proposes N8 Dividend per Share
Geregu Power Plc’s board of directors has announced a proposed dividend of N8 per share for the 2023 financial year.…
Kogi State Government Releases N115 Million for JAMB Registration Fees
The Kogi State Government, under Governor Yahaya Bello’s leadership, has allocated N115,000,000 to cover the Joint Admissions and Matriculation Board…
Pension Scheme Assets Hit N18.36tn, Increases by 22%
Data released by the National Pension Commission reveals that the total assets under the Contributory Pension Scheme soared to N18.36tn…
Dangote Refinery Plans to Import Crude from the US
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is preparing to import crude oil from…
Manchester City Fined £120,000 for Player Misconduct Toward Referee in Tottenham Draw
Manchester City has been fined £120,000 ($152,000) by the Football Association after their players surrounded referee Simon Hooper in protest…
Mark Zuckerberg Surpasses Warren Buffett and Bill Gates in Wealth Rankings
Mark Zuckerberg, the Founder of Meta, has surpassed Warren Buffett in riches by $7 billion, according to the Forbes Billionaire…
Credit Bank PLC Set to Make a Splash on Nairobi Securities Exchange, Aiming to Raise Sh1 Billion in Major Listing Move!
In a bold move marking a significant shift on the financial horizon, Credit Bank PLC has announced its upcoming listing…
Former Nigerian Petroleum Minister to Face Fresh Bribery Trial in the UK
Former Nigerian Petroleum Minister, Mrs. Diezani Alison-Madueke, is set to stand trial in the United Kingdom on a new bribery…
Nigerian Central Bank to Rename Official Forex Market as Nigerian Foreign Exchange Market (NFEM)
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced that the official foreign exchange market, previously…
Central Bank of Nigeria Raises Benchmark Interest Rate to 18.75% Amidst Inflationary Pressure
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to increase the benchmark interest rate…
BREAKING: CBN increases interest rate to 18.5%.
The Central Bank of Nigeria’s Monetary Policy Committee unanimously voted to raise its monetary policy interest rates to 18.5%. The…
Niger Delta Community Threatens $1 trillion Lawsuit Against IOC, FG.
The host community of oil and gas in the Niger Delta has pledged a trillion-dollar against oil companies and the…
Strike: Aviation Workers Threaten Total Shutdown.
As the second day of their strike begins, aviation workers have threatened to close the nation’s airports if the federal…
Aviation Workers to Delay Flights, Airports Today.
As aviation unions promised on Sunday to start a two-day warning strike on Monday, chaos may erupt at airports around…
N’Assembly Demands Jail Time for Those Who Advocate Ponzi Schemes.
The Investment and Securities Bill, which might result in jail time for people in Nigeria who advocate Ponzi schemes, was…
Lawmakers Call Finance Minister, AGF, Others Over Whistleblower Policy, $2.4 Billion Illegal Crude Oil Sale.
The Attorney General of the Federation, Abubakar Malami, the Secretary to the Government of the Federation, Boss Mustapha, and the…
CBN Raises Interest Rate To 18%, Retains Other Parameters
The Central Bank of Nigeria’s (CBN) policy-setting committee increased the monetary policy rate (MPR), which measures interest rates, from 17.5…
Tinubu Declared The Winner Of The Presidential Election By INEC.
After receiving 8,794,726 votes to win the 2023 presidential election, Bola Ahmed Tinubu, a former governor of Lagos State, was…
Gunshots And Explosions Shake Rivers Radio And TV Stations
In Ozuoba, in the Obio/Akpor Local Government Area of Rivers State, gunmen assaulted a prominent radio station, Wish FM 99.5,…
Emefiele Explains Redesign As Naira Crisis Intensifies
The Central Bank of Nigeria failed to clarify the legal tender status of the old notes, which made the problem…
Congestion As Two Containers Crash From The Mile 12 Bridge
Ikorodu Road is blocked as a result of two containers slipping off the back of a trailer on the Mile…
CBN Maintains a February 10 Deadline For The New Naira.
The deadline of February 10, 2023, wasn’t necessary, according to Godwin Emefiele, Governor of the Central Bank of Nigeria. He…