News
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BREAKING: EFCC freezes N3b traced to former Aviation Minister, Hadi Sirika’s brother’s account.
According to the Nation, EFCC quizzed and arrested Abubakar Ahmad Sirika, brother of immediate-past Minister Hadi Sirika over an alleged…
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$2.45m Debt: Wind Up Dangote Farms, British Company Prays Nigerian Court
For failing to pay $431,233.41 arbitration ruling from June 22, 1998 with interest at the rate of 2% per annum…
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CBN uncovered $2.4b invalid FX claims, says Cardoso
The Central Bank of Nigeria (CBN) said it has uncovered a sum of $2.4 billion out of the previously reported…
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FG, states debts near N107tn, naira fall raises loans
Nigeria’s total debt (Federal Government and states’ loans) may hit at least N107.38tn soon following the approval of fresh borrowings…
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TCN to Unravel Reasons for Recurrent National Grid Collapse
The Transmission Company of Nigeria (TCN) has hinted the Organization intends to investigate the reasons behind the tripping of the…
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CBN Has Settled $2.3bn Verified FX Backlogs and Will Clear Outstanding $2.2bn Contracts Soon
The Central Bank of Nigeria has settled $2.3 billion foreign exchange contract backlogs, including that of the foreign airline funds…
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Exchange rate closes N1,419.86/$1 at official market as CBN plans ‘FCY Gateway Bank’
The Naira gained against the dollar on Monday, 5th February 2024 at the both official market and the black market. This…
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NGX continues bullish run as ASI hits 104,421.23 points
The NGX continued its bullish run as the All-Share Index appreciated by 1.57%, gaining 1,618.98 to close at 104,421.23 points. …
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2023 National budget foreclosed economic growth and jobs – Presidency
Mr. Bayo Onanuga, the Special Adviser to the President on Information and Strategy, has said that the 2023 national budget…
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CBN stops outbound IMTO transactions, also limits inflow payouts to Naira
The Central Bank of Nigeria (CBN) has restricted the operations of international money transfer operators (IMTOs) to only inbound transfers,…
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