News
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Tax Credit Scheme: FIRS, NNPC To Terminate Non-performing Road Contracts
The Federal Inland Revenue Service (FIRS) says it has collaborated with the Nigerian National Petroleum Company (NNPC) Limited and the…
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Cement price, cost of building materials, others force developers to abandon projects nationwide
Estate developers are increasingly facing challenges in meeting their project delivery timelines due to surging exchange rates. This situation is…
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CBN forex policies failing to work as exchange rate approaches N1,700/$1
The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official…
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Cadbury Intercompany Loan Conversion – Capital Rebalancing or FX Response?
Shareholders of Cadbury Nigeria Plc have approved the conversion of an outstanding intercompany loan totaling $7.718 million (₦7,036 billion) owed…
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EKITI STATE POLICE COMMAND ARRESTED KIDNAPPING SUSPECTS ON 16TH FEBRUARY, 2024
I welcome you all on behalf of the Officers and Men of Ekiti State Police Command to today’s press briefing…
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Inflationary Pressures are Expected to Decline in 2024 Due to CBN’s Inflation-Targeting Policy – CBN
Being an Economic Briefing at the joint Senate Committee on Finance, Banking, Insurance and Other Financial Institutions and National Planning by…
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On Speculations about Banks and Bankers: When Silence is Worth Its Weight in Gold
Speculation seldom shows wisdom, knowledge or understanding; like a virus, it spreads to destroy both good and bad narratives. When…
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Nigeria’s inflation hits 29.90% in January 2024
In the latest inflation report released by the National Bureau of Statistics (NBS), Nigeria’s inflation rate for January 2024 has…
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“Incessant hike in prices of cement, building materials not acceptable” – Housing Minister
The Minister of Housing and Urban Development, Arc. Musa Dangiwa, has decried the incessant rise in the cost of cement…
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INTERPOL Arrests Fleeing Briton In Italy Over $9.6bn P&ID Scam
A British national, James Nolan, who reportedly jumped bail in 2022 in a $9.6 billion P&ID fraud in Nigeria has…
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