BUSINESS
National Assembly Adjusts 2024 Budget From ₦28.7tn To ₦35.5tn
The Senate has approved the ₦6.2 trillion amendment to the 2024 Appropriation Act, raising this year’s national budget from ₦28.7 trillion to ₦35.055 trillion. The...
MTN Pays $253.86m Balance To NCC For 5G Licence
MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth-generation (5G) licence fee to the Federal Government before the February...
How Senate Confirmed Cardoso As CBN Governor, 4 Deputies
The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy governors of...
CBN Threatens Severe Sanctions Against Banks Hoarding Currency
The Central Bank of Nigeria (CBN) has announced severe penalties for any bank involved in currency hoarding or diversion as part of its commitment...
Emirates Airlines Suspends Air Flights To Nigeria
There are indications that the failure of Emirates Airlines to repatriate its trapped ticket sales fund in Nigeria back to its home country in...
Buhari Orders Incorporation Of NNPC, Appoints Board [FULL LIST]
President Muhammadu Buhari in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited. This is in...
UAE Extends Grace Period For Residency Visa Violators
Federal Authority for Identity and Citizenship extends the period of exemption for being fined until December 31 The UAE on Tuesday announced an extension to...
FG, IFC Sign Deal To Fast-Track Bankable Infrastructure Projects And Attract Private Investment
The Federal Government has entered into a strategic cooperation agreement with the International Finance Corporation (IFC) to accelerate the development of bankable infrastructure projects...
CBN Announces Fee Waiver For Bureau De Change License Renewal In 2025
The 2025 license renewal fee for all bureau de change (BDC) operators has been waived by the Central Bank of Nigeria (CBN). Jonah Onojah, the...
Nigeria’s Economy Expands By 3.13% In First Quarter Of 2025
The National Bureau of Statistics (NBS) yesterday announced that Nigeria’s economy grew by 3.13 percent in the first quarter of 2025, following the rebasing...
