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CBN discontinues ±2.5% cap spread on Interbank FX transactions
CBN in a circular dated February 8 has removed the ±2.5% cap spread on interbank FX transactions. The circular also notes that restrictions on the sale of interbank proceeds have also been removed. According to the…
Shell delivers 475,000 barrels oil to Port Harcourt refinery ahead of restart
In a significant development for Nigeria’s oil and gas industry, Shell Petroleum Development Company Limited (SPDC) has delivered 475,000 barrels of crude oil to the Port Harcourt Refinery, marking a crucial step towards…
We must moderate our forex demands, says CBN Governor
THE Governor of Central Bank of Nigeria, CBN, Olayemi Cardoso has called on Nigerians to moderate the demand for the forex, just as he warned that as a country, we must address the supply side of Forex as it has kept the…
Forex scarcity, high price of Jet-A1 threatening our operations – Airline operators
Airline Operators of Nigeria, AON, has lamented what it termed existential threats, saying scarcity of Forex, skyrocketing price of Jet-A1, now N1,300 per litre and difficulty in acquiring aircraft due to country risk,…
City Marathon: Lagos govt shuts road, releases travel advisory on Saturday
The Lagos State Government has issued a travel advisory ahead of the annual Access Bank Lagos City Marathon scheduled for tomorrow, Saturday, February 10, 2024. The state Commissioner for Transportation, Oluwaseun…
Oil theft: Lawmaker urges FG to renew expand Tantita security contract
Rep. Thomas Ereyitomi, a member representing Warri Federal Constituency, has urged the Federal Government to speed up contract renewal and expansion of Tantita Security Services Limited (TSSL). Ereyitomi, a House of…
‘We no longer trust unions,’ Nigerians react to Labour14-day strike ultimatum
Nigerians have reacted to the National Labour Congress and Trade Union Congress’ issuance of a 14-day strike ultimatum given to the Federal government saying they no longer trust the effectiveness of the Union. This…
Shun Protests, Tinubu Needs Time To Fix Inherited Problem – Arewa Group
An amalgamation of pro-democracy groups from the 19 Northern states under the aegis of Arewa Initiative for Defence and Promotion of Democracy, on Thursday, declared that Nigerians should ignore ‘sponsored protests’…
Moving NNPC Revenues To CBN Timely – GMD
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has said the decision to move revenues from crude oil sales to the Central Bank of Nigeria (CBN) was timely. He…
Plateau: Sacked PDP Lawmakers Ask Court To Set Aside Judgment
The 16 sacked lawmakers of the Plateau State House of Assembly, under the Peoples Democratic Party (PDP), have approached the Court of Appeal to set aside the court’s judgement that nullified their elections. It…
Ndigbo Plan Ezeife’s Funeral, Seek Return Of Peace To Region
Igbo leaders have constituted a national committee for the funeral ceremony of the former governor of Anambra State and ex-chairman of the Igbo Elders Forum, Okwadike Chukwuemeka Ezeife. The National Burial Committee with…
Naira Devaluation: How Neighbouring Countries, Others Feast On Nigeria’s Cheap Grains
Merchants from neighbouring countries and beyond are mopping up grains harvested by Nigerian farmers, investigation by Daily Trust Saturday has revealed. The merchants from the African sub-region and other places…
Tinubu Makes Recitation Of National Pledge Mandatory At Official Engagements
President Bola Tinubu has directed that the recitation of the National Pledge after the National Anthem at every official and public engagement be made mandatory. The decision, according to sources from the…
Nigeria plans new tax amnesty scheme for the wealthy
Nigeria will go after wealthy citizens evading tax yet again in a new amnesty scheme that will correct the failings of the Voluntary Assets and…
Tinubu approves release of 42,000 tons of grains to address ‘rising food cost’
President Bola Tinubu has directed the immediate release of 42,000 metric tons of assorted food items from both the strategic reserve and the Rice Millers Association of Nigeria as a short-term response to the rising…
Tax dispute: MultiChoice agrees to pay N35bn to FIRS
MultiChoice Group has agreed to pay N35.4 billion as part of its tax obligations to the Federal Inland Revenue Service (FIRS). Multichoice owns the satellite television services, DStv and GOtv — popular…
Why S/Court Justices Are Yet To Be Inaugurated 48 Days After Senate Clearance
Some insights have emerged about the delayed inauguration of the newly appointed 11 justices confirmed by the Senate in December last year despite the gap in the Supreme Court. Daily Trust gathered that some issues…
Fashola calls for review of tenancy laws to allow landlords collect rent monthly
Babatunde Fashola, former minister of power, works and housing, has called for the review of tenancy laws in states to compel landlords to collect rents monthly. Fashola spoke in Lagos on Thursday at the launch of his…
Lamido warns of disaster if Tinubu fails to act immediately
Former Governor of Jigawa State, Sule Lamido, has asked the All Progressives Congress (APC)-led administration of President…
Troops Rescue 18 Female Kidnapped Victims In Katsina
Troops of the Nigerian Army on Wednesday rescued 18 female kidnapped victims from their captors and handed them over to the Katsina State Government. The Brigade Commander, 17 Brigade of the Nigerian Army, Katsina,…
FAAC foreign exchange rate gain hits N2.84 trillion in 2023
The federal, state and local governments, last year, shared a total of N2.52 trillion as the Federal Accounts Allocation Committee…
Deal with insecurity urgently – Gowon tells Tinubu
Former Head of State, Yakubu Gowon, has advised President Bola Tinubu to listen to concerns about the security situation in the country and deal with the situation…
TotalEnergies to sell its Nigerian onshore oil business
French energy giant TotalEnergies is set to sell its onshore business in Nigeria, its CEO Patrick Pouyanne has said, noting that…
World Bank Promises More Support for Nigeria, Hails Tinubu’s Reforms
The World Bank has promised to step up financial support for Nigeria in priority needs of the nation’s economy, just as it lauded the economic reforms under the Bola Tinubu administration. World Bank’s Managing Director…