Uphold Regulations, EFCC Chairman Urges Bank CEOs
Mr. Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has emphasized the importance of adherence to…
Category: Local
Exchange Rate Fluctuates, Naira hits N1,900 and Rebounds to N1,354 Against USDT
In the past twenty-four hours, the Binance cryptocurrency platform encountered significant turbulence as the exchange rate between the naira and…
Tinubu Aims to Boost Economy with $10 Billion Injection
President Bola Tinubu announced plans to secure $10 billion to bolster foreign exchange liquidity, stabilize the naira, and foster economic…
Nigeria Customs Service to Distribute Seized Food Items
The Nigeria Customs Service announced plans to directly distribute seized food items to Nigerians as a response to the country’s…
Hafsat Bakari Appointed CEO of Nigerian Financial Intelligence Unit
President Bola Tinubu has appointed Hafsat Bakari as the Chief Executive Officer (CEO) of the Nigerian Financial Intelligence Unit (NFIU).…
Cement Manufacturers Exploit Nigerians Amidst Exchange Rate- Minister
Arc. Musa Dangiwa, the Minister of Housing and Urban Development, voiced concerns over cement manufacturers exploiting fluctuating foreign exchange rates…
NARTO Suspends Nationwide Strike
The Nigerian Association of Road Transport Owners (NARTO) has decided to halt its plans for a nationwide strike and instructed…
Red Cross Supports 5000 Households with Cash, Food, Others
In response to the escalating hunger crisis in Nigeria, the Nigerian Red Cross Society (NRCS) has escalated its efforts to…
Geometric Power Plant in Aba to be Commissioned Feb 26
The commissioning of the 181-megawatt Geometric Power plant in Aba, Abia State, originally slated for February 24, has been rescheduled…
People Can No Longer Afford Beer- CEO
Hans Essaadi, the Chief Executive Officer of Nigerian Breweries Plc, voiced concerns about the deteriorating economic conditions in Nigeria, stating…
Nigeria Implements 30-Second Biometric Clearance Gates at International Airports
In line with international standards and best practices, the Nigerian federal government has introduced 30-second biometric clearance gates at all…
Ministry of Power, Aso Villa, Others Faces Power Outage Over Debt
The Abuja Electricity Distribution Company (AEDC) has revealed that a total of 86 ministries, agencies, and departments of the government…
Naira Devaluation Triggers EFCC’s Raid on BDC Operators
The Nigerian naira continued its downward trajectory against the United States dollar on Monday, causing distress among citizens as both…
Wema Bank Partners with NYSC, Launch New Program
Wema Bank has joined forces with the National Youth Service Corps (NYSC) to introduce the NYSC-ALAT Accelerator Programme, unveiled during…
Pension Fund Administrators Report Positive Returns
Seventeen Pension Fund Administrators (PFAs) in Nigeria achieved an average return of 2.81% in January 2024, marking positive returns across…
Protests Emerge in Ibadan Over Economic Hardships
Residents of Ibadan, Oyo State, took to the streets on Monday to express their grievances regarding the economic challenges prevailing…
India To Ease Farmer Protests with Support Prices for Pulse, Corn, Others
In a bid to resolve tensions with protesting farmers, India has announced guaranteed support prices for pulses, corn, and cotton,…
Analysis of Nvidia’s Earnings Report and Impact on the Market
Wednesday’s earnings report from chipmaker Nvidia (.NVDA) is anticipated to serve as a critical assessment for one of the market’s…
House Committee Urges Urgent Reconstruction of Nigerian Ports
The House of Representatives Committee on Ports and Harbours, led by Chairman Nnolim Nnaji, has called upon the Federal Government…
Power Outages Affect 14 Communities in Ogun State
Over 14 communities in Ogun State are grappling with power outages attributed to technical faults in power installations, according to…
FG Plans to Raise N2.5 Trillion Through Bonds- DMO
the Federal Government, through the Debt Management Office (DMO), aims to raise N2.5 trillion in its second FGN bonds auction…
Oil Marketers Ready to Lower Fuel Prices
Independent oil marketers in Nigeria have expressed their willingness to sell premium motor spirit (PMS), commonly known as fuel, at…
FMBN Set for N500 Billion Recapitalization
The Federal Mortgage Bank of Nigeria (FMBN) anticipates a promising future as the federal government pledges legislative amendments to relevant…
FG to Address Food Shortage with Grain Distribution
The federal government has expressed concern over the persistent food shortage in Nigeria and has announced plans to distribute 42,000…
Forex Crisis May Delay Foreign Investment, Says Report
A recent report titled “Finding Rain in Drought.” by Comercio Partners, a prominent research and investment firm, suggests that foreign…
First Bank to Reward Customers with N36m Cash Promo
First Bank of Nigeria has introduced the second season of its Cash Out promo aimed at rewarding users of FirstMobile,…
Prof. Okereke Appointed as Special Adviser- Enugu Gov.
Enugu State Governor, Peter Mbah, has appointed Prof. Chukwumerije Okereke as a special adviser on Climate Policy and Sustainable Development.…
NSIA Announces Offers $220, 000 for Innovation
The Nigeria Sovereign Investment Authority (NSIA) has unveiled the second edition of the NSIA Prize for Innovation (NPI 2.0), offering…
Nigeria’s Oil Output Increases to 1.43m Barrels in 2024
Nigeria’s oil production experienced a notable increase in January 2024, rising to 1.43 million barrels per day (bpd) from 1.34…