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It Makes No Sense, Former Statistician General Fault NBS Data That Says Unemployment Has Reduced

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A former Statistician-General of Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has criticised the methodology used in calculating...

Price Increase: After Return Of Fuel Queues In Abuja, Lagos, Nigerians Angry, Apprehensive — IPMAN

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Following long fuel queues that have resurfaced in the Federal Capital Territory (FCT) and other states across the country, the Independent Petroleum Marketers Association...

FG not planning to borrow N2trn pension fund for infrastructure – Finance Minister

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Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, on Friday, dispelled the report that the Federal Government was planning to borrow N2trillion...

No More Loans For FG, CBN Declares

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Economic Reforms Aim To Close Forex Gap As Oil Prices Decline

The Central Bank of Nigeria (CBN) says it has discontinued granting loans through its Ways and Means advances to the federal government. The CBN Governor,...

Nigerian Stock Exchange Suspends 6 Firms

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The Nigerian Stock Exchange (NSE) has suspended trading in six companies over their inability to comply with extant corporate governance rules and best practices...

Festus Keyamo Speaks On Possible Date For Resumption Of UAE Flight To Nigeria

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The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has revealed that the United Arab Emirates (UAE) airlines could resume flight operations to...

CBN Wraps Up Recapitalisation As 33 Banks Raise N4.65trn

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Strengthen Governance Or Face Regulatory Action, CBN Warns Banks’ Directors

The Central Bank of Nigeria (CBN) has announced the completion of its banking sector recapitalisation programme, revealing that 33 deposit money banks collectively raised...

Reps Probe Petrol Subsidy Under President Buhari, Allege $7 Billion Diversion

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Fuel Price Hike, Scarcity Trail Tinubu’s Subsidy Removal Announcement

The House of Representatives has set up an ad-hoc committee to investigate the petroleum products subsidy regime under President Muhammadu Buhari. The lawmakers asked the committee to carry out the probe from 2017 to 2021. This followed the adoption ...

Why Strengthening Nigeria’s Banks Matters

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CBN Unveils New FX Guidelines, Approves Cash Movement Of $50,000

 “The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to...

Naira Drops On Parallel Market To N2,000/1£

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Naira Drops On Parallel Market To N2,000/1£

The local currency in Nigeria (Naira) is currently trading at over 2,000 Naira against the British pound in the parallel market Malam Ibrahim, a Bureau...

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