News
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FAAC: FG, States, LGAs share N1.13 trillion December 2023 revenue
The Federation Account Allocation Committee (FAAC) says it shared N1.13 trillion among the three tiers of government as revenue from…
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Foreign debt service gulps 50% of Nigeria’s official dollar outflows in 2023
Nigeria spent about 50% of its dollar payments to service external debts between January and October 2023, a significant portion…
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EXCLUSIVE: Tinubu Under Pressure As Chief Of Staff, Gbajabiamila Is Indicted In Corruption Probe Of Ex-Central Bank Gov., Emefiele, AMCON Boss, Kuru
Sources told SaharaReporters on Monday that Gbajabiamila was fingered as one of the beneficiaries of the largesse of corruption uncovered…
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BREAKING: Ogun Assembly Speaker, Kunle Oluomo, Impeached
Written by Agency Report 5 seconds agoOgun assemblyThe Speaker of the Ogun State House of Assembly, Kunle Oluomo, has been…
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Nigeria’s Naira Falls to Record Low in Parallel Market
Nigeria’s Naira Falls to Record Low in Parallel Market Drop fueled by increased demand for dollars “While we’re still fine-tuning…
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Nigeria Braces for Jumbo Rate Hike at First Meeting Since July
Rate increase of up to 500 bps seen at Feb. 26-27 gathering Cardoso expected to clarify central bank’s position on…
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Retired general reveals shocking details of plane crash that killed Nigeria’s ex-army chief
, a major general and former GOC, also speaks on how he was arrested and compulsorily retired for allegedly exposing…
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Suspended Minister, Betta Edu Disowns Prayer Groups Holding Protests To Demand Reinstatement, Says She’s Cooperating With Investigators
The suspended minister added that she did not sponsor any public activity and urged those behind the planned actions to…
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FX: LCCI Tasks CBN On Building Market Confidence Around Free Pricing
The Lagos Chamber of Commerce and Industry, LCCI, has tasked the Central Bank of Nigeria, CBN, to build market confidence…
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Addressing Nigeria’s Forex Liquidity Challenge
Postscript by Waziri Adio Nigeria has a foreign exchange liquidity challenge crying for urgent, nuanced and sustainable solutions. To be…
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