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 country. According to the CBN, it has disbursed an additional…
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 about safety and regulatory oversight. Experts warn that unless stringent…
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. The power company, in its annual report submitted to the…
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 (JAMB) registration fees for 15,033 students in public schools across…
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 by the conclusion of 2023, reflecting a remarkable 22.43% surge.…
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 the United States in the coming months. While the refinery…
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 of a contentious decision during their 3-3 draw with Tottenham.…
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 Index. Zuckerberg’s net worth has reached an impressive $125 billion,…
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 on the Nairobi Securities Exchange (NSE) by the end of…
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 allegation dating back to her tenure as Minister of Petroleum.…
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 known as the Investors and Exporters (I&E) window, will be…
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 by 25 basis points to 18.75 per cent. The Acting…
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 bank’s MPC voted in March to raise the benchmark interest…
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 federal government. More than 3,000 oil and gas host communities…
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 government does not accept their demands. The Ministry of Aviation…
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 the nation. Numerous airline passengers may become stranded in Lagos,…
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 approved by the National Assembly. The House of Representatives enacted…
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 Minister of Finance, Zainab Ahmed, have all been summoned to…
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 percent to 18 percent. Nigeria’s inflation rate increased to 21.9…
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 named the new president. Tinubu triumphed against rival candidates Atiku…
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, and the Atlantic Television Network on Tuesday night. They used…
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 around the naira redesign worse. This occurred when the states…
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 12 bridge leading out of Ikorodu. Due to the traffic…
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 claimed that since the introduction of over-the-counter payments to supplement…
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 marketers, has ordered its members to halt all activities nationwide. The Federal Government’s earlier threat to…
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 as Special Economic Zones have received praise from the federal government. The effort, according to…
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 clients. The business has also reduced the price of its…
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 governor of the Central Bank of Nigeria, Godwin Emefiele, told the House…
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 Service downgraded the country deeper into junk. “Bloomberg said Nigeria’s 2032 bonds jumped 56…