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…
Category: Local
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…
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…
Lord Jacob Rothschild, a Renowned Financier Passes Away at 87
Lord Jacob Rothschild, a prominent financier and member of the esteemed Rothschild banking family, has passed away at the age…
FEC Approves Construction Of Lagos-Calabar Coastal Highway
During a session chaired by President Bola Tinubu, the Federal Executive Council (FEC) has given the green light for the…
Alphabet’s Stock Faces $90 Billion Market Value Fall
Alphabet, the parent company of Google, witnessed a significant downturn on Monday, shedding approximately $90 billion in market value due…
Tinubu Orders Full Implementation of Oronsaye Report
President Bola Tinubu, on Monday, directed the comprehensive implementation of the Oronsaye report, a significant step towards reforming Nigeria’s public…
Don Jazzy Acquires Majority Stake in Mavin Global
“Universal Music Group (UMG) has finalized the acquisition of a majority stake in Mavin Global (Mavin), a renowned music company…
Nigeria’s Economy Grapples with FX Market Distortions
Nigeria’s economy confronts formidable challenges stemming from global shocks, fiscal mismanagement, and a distorted foreign exchange (FX) market. Over the…
FG Proposes 20% Tax on Sugar Beverages, to Combat Overconsumption
The Federal Government has unveiled plans to introduce a 20% tax on Sugar-Sweetened Beverages (SSBs) as a proactive measure to…
Naira Sees Mixed Fortunes in Official Exchange Rate
On February 26, 2024, the Nigerian Naira witnessed a notable appreciation against the US dollar, with the official exchange rate…
FBN Holdings Emerges as Nigeria’s Most Capitalized Bank
On Monday, February 25th, 2024, FBN Holdings, Nigeria’s oldest bank, achieved the distinction of becoming the most capitalized bank in…
CEO of Air Peace Limited Reveals Reasons for Choosing Gatwick Airport
Allen Onyema, the Chairman and CEO of Air Peace Limited, revealed that the airline opted for Gatwick Airport to operate…
Leatherback Set to Expand Internationally After EFCC’s Probing
Leatherback, a financial services technology company, is set to expand internationally with offices in the United Kingdom (UK), Nigeria, Ethiopia,…
Price of Foreign Rice Surges to N88,000, Experts Traces Cause
The cost of a 50kg bag of foreign rice has skyrocketed to over N88,000 in major stores across Nigeria, marking…
Companies in China Abandon Plans for IPOs over Tight Scrutiny
Companies have rushed to abandon their plans for initial public offerings (IPOs) in China this year due to the tightening…
CBN Pegs Payment of Cash Dollar at $500
The Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying…
Tinubu Holds Emergency Meeting with Dangote, Elemelu and Others Over Econom
Nigerian President Bola Ahmed Tinubu took proactive steps to address the escalating economic challenges facing the nation by convening a…
Dangote, Tony Elemelu, Others Join Economic Advisory Committee
President Bola Tinubu inaugurated an Economic Advisory Committee on Sunday, consisting of prominent figures in the economic sector such as…
Geometric Power Plant in Aba Gets Commissioned by Pres. Tinubu Today
Today, February 26, 2024, marks a historic moment for Aba as President Bola Tinubu commissions the Geometric power plant, the…
European Union Commences 4-Day Working Visit to Nigeria
The Council of European Union’s Africa Working Party (COAFR) has commenced its first-ever four-day working visit to Nigeria, arriving in…
AVA Global Asset Launches 20bn Fund for Infrastructure Development
Ava Global Asset Managers Limited, a member of the AVA Capital Group, is launching a N20 billion fund as part…
NAPPS Decries Multiple Taxation by FG- Samira Jibril
Samira Jibril, the president of the National Association of Proprietors of Private Schools (NAPPS), expressed concern over the burden of…
Poverty Level Increases in Nigeria Despite High GDP Rate- Experts
The rise in the price of goods and commodities in Nigeria, despite the Gross Domestic Product (GDP) rising above 3…
NLC Raises Concern Over Alledged Violence Against Members
Comrade Joe Ajaero, the President of the Nigeria Labour Congress (NLC), has raised concerns about the federal government’s alleged plans…
Ava Global Asset Reveals 20bn Insurance, Enhances Infrastructure
Ava Global Asset Managers Limited has disclosed the issuance of N20 billion under its N200 billion Infrastructure Fund (IF) program,…