Petrol hits N2000 per litre as marketers down tools over truck seizure in Akwa Ibom
The price of Premium Motor Spirit (PMS) popularly known as petrol has hit N2000 per litre in Akwa Ibom as petroleum marketers down tools over alleged confiscation of their trucks loaded by Joint Task Force officials.…
I disagree with Dangote on complete subsidy removal — Okupe
A former Presidential spokesperson, Dr Doyin Okupe, on Tuesday said he was not in agreement with Alhaji Aliko…
Yahaya Bello, “Nothing Do You”
This would have been laughable if it was not embarrassing; if it didn’t make Nigeria look, well, how does one put it…
MPC Decisions Detrimental To Investment, Economic Growth – CPPE
Stakeholders have reacted to the decisions of the MPC raised concerns over the 27.25 per cent increase in benchmark interest rate.…
Blame Buhari For Current Economic Hardship – CBN
Central Bank of Nigeria Governor (CBN) Olayemi Cardoso has blamed the current economic hardship on the poor handling of the nation’s economy…
Active bank accounts in Nigeria rise to 231.1 million in July 2024 – NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank accounts in Nigeria rose to 231.1 million in July 2024. Previous NIBSS data showed that active bank accounts in the…
Avoid divorce, stay with cheating husbands – Actress Toyin Tomato advises women
Seasoned Nollywood actress, Toyin Adegbola, popularly known as Toyin Tomato, has urged women to not leave their…
Edo: Desist from constituting a parallel agency – APC tells Yiaga Africa
The All Progressives Congress on Tuesday in Abuja, charged Yiaga Africa to desist from constituting itself…
Gov. Lawal, Gen. Gusau know about banditry in Zamfara — Matawalle
The Minister of State for Defence, Bello Matawalle, has said that the Governor of Zamfara State, Dauda Lawal, and…
Five police officers dead, 11 others injured in auto crash
The Kano State Police Command has confirmed the death of five police officers in a ghastly motor accident at Karfi town in…
CBN to sanction banks for not dispensing cash via ATMs, plans N1.4 trillion for circulation
The Central Bank of Nigeria (CBN) has announced that it will sanction banks failing to dispense cash through their automated teller machine (ATMs), as part of efforts to ensure sufficient cash in circulation. CBN…
Africa’s richest man, Aliko Dangote, to establish family fffice in Dubai
Aliko Dangote, Africa’s wealthiest individual, is preparing to open a family office in Dubai, joining a growing number of high-net-worth individuals leveraging the city’s status as a global financial centre.…
Lifting of refined petroleum from Dangote Refinery expected to cut transport costs, curb inflation –…
The Central Bank of Nigeria (CBN) has projected that the lifting of refined petroleum products from the Dangote Refinery will lower transportation costs, curb inflation, and strengthen the country’s foreign reserves.…
Alleged £1m Fraud: How suspects were apprehended — Police
The Prosecution Witness 3 in the ongoing trial of seven suspects over an alleged £1 million fraud, Giwa Wasiu, who is an Assistant Superintendent of the Police, has…
Why the CBN shocked the world by raising interest rates to 27.25%
Nigeria’s Central Bank stunned the global financial community on Tuesday when its Monetary Policy Committee (MPC) voted unanimously to raise the Monetary Policy Rate (MPR) by 50 basis points, bringing it to 27.25%. In…
Bayelsa Hotelier Threatens To Sue IGP Over N625m Lodging Debt
Owner of the popular Bayelsa-based Euphemie Motel in Opu-Nembe in Nembe Bassambiri community of Nembe Local Government Area of the State has threatened to drag the Inspector-General of Police, Kayode Egbetokun,…
BUA Donates N2bn To Borno Flood Victims
The Chairman of BUA Group, Alhaji Abdul Samad Rabiu, has announced the donation of N2 billion to flood victims in Maiduguri and Jere in Borno State. The Executive Director of the group, Kabiru Rabiu, who represented…
Abdulsalami, Others To Meet In Abuja Over Challenges
The National Peace Committee (NPC) with a former head of state, Gen. Abdulsalami Abubakar (rtd) as chairman and Bishop Matthew Hassan Kukah as convener has said it would convene a national stakeholders meeting in…
Suspension of market levies, produce sale tax… highlights of Oyedele committee’s proposals
Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, has given an overview of the economic stabilisation bills (ESBs). Oyedele announced in a post on X…
Multiple interest rate hikes have helped to restore confidence in naira – Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the multiple interest rate hikes have restored confidence in the naira.…
EFCC invites Bobrisky, VeryDarkMan over N15m bribery allegation against its officials
The Economic and Financial Crimes Commission (EFCC) has invited VeryDarkMan, the activist, and Bobrisky, the Instagram celebrity, over bribery allegations…
Nigeria’s external reserves hit $39.07 billion – Cardoso
Nigeria’s external reserves have increased yet again, reaching $39.07 billion as of September 19, 2024. This is according to the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, at a press briefing at the…
Borno state begins flood relief distribution with 5,238 Maiduguri households
The Borno State Government has commenced the distribution of relief materials to victims of the recent Maiduguri flood, which affected nearly two million people, starting with 5,238 households in the capital city.…
CBN confirms FAAC allocations impacting exchange rate stability
The Central Bank of Nigeria (CBN) has alluded that there is a correlation between monthly disbursement from the Federation Account Allocation Committee (FAAC) and liquidity in the banking system stating that it impacts…