Business

Emefiele printed ‘his own Naira’, ignored design approved by Buhari – Ex-CBN director

A former Central Bank of Nigeria, CBN, Director of Currency Operations, Ahmed Umar, has disclosed that the immediate past governor, Godwin Emefiele, printed his...

It’s false – NNPC clears air on N3.3trn subsidy inflation

The Nigerian National Petroleum Company Limited, NNPC Ltd, has expressed dismay over reports alleging that it inflated subsidy claims by N3.3 trillion. NNPC assured that...

NOSDRA DG, Woke vows to refocus agency on Tinubu’s Renewed Hope Agenda

Emeka Woke, the newly-appointed Director General and Chief Executive Officer of the National Oil Spillage, Detection and Response Agency (NOSDRA), has vowed to refocus...

Nigeria’s economy to hit $1.85tn in five years – IMF

Nigeria’s economy is expected to reach $1.85 trillion by 2029 in Purchasing Power Parity terms. The Washington-based International Monetary Fund made this forecast in recent...

Why cooking gas prices reducing in Nigeria – Marketers

Nigerian Association of Liquefied Petroleum Gas Marketers has said the federal government’s ban on the export of Liquefied Petroleum Gas has crashed the price...

Unpaid electricity bills: EEDC issues disconnection notice to five southeast states, Innoson, UNN, and others

A three-man panel of the Competition and Consumer Protection Tribunal has ordered Multichoice Nigeria to give subscribers on the DStv and GOtv platforms one...

Crude swap deal: Nigerian govt gets $925m Afrieximbank disbursement

The Nigerian government has received $925 million from Afrieximbank as the Naira appreciated against the Dollar on Thursday. Afreximbank announced an additional disbursement of $925m...

Minimum wage: Nigerian govt can pay N500,000 with active production economy – Moghalu

A former deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has said the Nigerian Government can pay N500,000 as minimum wage...

Labour Strike: Nigerian Airspace remains open – NAMA

The Nigerian Airspace Management Agency, NAMA has assured the general public and airline operators that the ongoing strike by the Nigerian Labour Congress, NLC...

Naira crisis: Nigeria’s forex transactions drop by 42.92%

Nigeria’s foreign exchange turnover transaction dropped by 42.92 percent amid the continued fluctuations of the Naira against the dollar. FMDQ data on Monday showed that...

Forex crisis: Nigeria’s foreign exchange reserves drop by $1.8bn in weeks

Nigeria’s foreign exchange reserves have dropped by $1.8bn in 10 weeks. This is according to recent data from the Central Bank of Nigeria. Accordingly, as of...

BudgIT expresses concerns as Nigeria backslides on Fiscal Transparency

BudgIT, a civic-tech organization, has expressed concern at the country’s performance in the 2023 Open Budget Survey (OBS) conducted by the International Budget Partnership...

Recent articles