Dangote Signs $400m Equipment Deal To Fast-Track Refinery Expansion
Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery,...
Naira Value Drop: EFCC Storms Abuja Bureau De Change Hub
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday stormed Wuse Zone 4, Abuja, home to most bureau de change operators in the Federal Capital Territory, A source said the raid was a covert operation to dislodge currency specu...
Only A Budget Size Of N7trn Can Tackle Lagos Infrastructural Needs — Sanwo-Olu
The governor of Lagos State, Babajide Sanwo-Olu, says the state requires about a N7 trillion budget size to meet up with infrastructural and basic...
End Payment Of “Scandalous” Pension To Ex-Governors, Falana Urges States
Human rights lawyer, Femi Falana (SAN) has called on states to abolish pension payment to former governors, noting that Nigeria can no longer afford...
Reps Probe Petrol Subsidy Under President Buhari, Allege $7 Billion Diversion
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 ...
Banks Struggle As Bad Loans Hit ₦21.2 Trillion: FX Shocks, Soaring Interest Rates, And End Of COVID Forbearance Fuel Defaults
Nigeria’s banking sector is grappling with a surge in bad loans as rising interest rates, foreign exchange volatility, and the withdrawal of COVID-era loan...
After Repeated Complains Over Salaries, Staff Of Public Complaint Commission Lock Up Commissioner In Office
Staff of the Public Complaints Commission, on Wednesday, locked the Chief Commissioner, Abimbola Ayo Yusuf, in the office during a protest over the non-payment...
Tinubu In Meeting With World Bank Chief Says Audit Of CBN Commencing Soon
President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is...
Tinubu Sacks Tukur As NFIU Boss, Appoints Bakari
President Bola Tinubu has fired Moddibo Tukur as the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), naming Ms Hafsat Abubakar Bakari...
CBN: Nigeria’s Fintechs Raised $520m In 2024, Remain Africa’s Innovation Leader — Calls For More Local Funding To Sustain Growth
Nigeria’s fintech sector maintained its position as Africa’s leading innovation hub in 2024, attracting over $520 million in equity funding despite rising global interest...
