President Tinubu Seeks Senate Approval for 2022-2024 Borrowing Plan
President Bola Tinubu has asked the Senate to approve the sums of 7.8 billion dollars and 100 million euros in his administration’s proposed 2022–2024 borrowing plan. Tinubu’s request was made in a...
View ArticleNaira Rebounds As CBN Clears Forex Debt Backlog
The naira has risen to one thousand one hundred and twenty naira against the dollar as the foreign exchange market reacted to news that the Central Bank of Nigeria has begun to clear some of its...
View ArticleReduce inflation, economic hardship on Nigerians – Sanusi tells CB
Former Governor of the Central Bank of Nigeria, Lamido Sanusi has tasked the incumbent governor, Olayemi Cardoso, to implement monetary policies to help reduce inflation and the hardships Nigerians...
View ArticleStay off or risk punishment – ABCON warns currency speculators as Naira gains...
The Association of Bureau de Change Operators of Nigeria has issued a stern warning to currency speculators amid the Naira rebound against the Dollar in the foreign exchange market. President of ABCON,...
View ArticleUnstable Naira Opens At One Thousand Twenty Naira Per Dollar On Monday
As rally pauses on the parallel market, also known as the black market, the foreign exchange market opened on Monday with the naira/dollar exchange rate quoting at one thousand twenty naira per dollar....
View ArticleNigeria signs $116 million deal with French government to support startups in...
The French government has committed one hundred and sixteen million dollars to support startups in Nigeria through the Investment in Digital and Creative Enterprises (I-DICE) program. The agreement was...
View ArticleUnited States says Nigeria’s creative industry revenue to hit one hundred...
The Assistant Secretary for United States Economic and Business Affairs, Ramnin Toloui has said that Nigeria’s creative industry is poised to hit a projected revenue of one hundred billion dollars by...
View ArticleNIMC Director-General insists National Identification Number is free
The National Identity Management Commission (NIMC) has advised Nigerians to report incidents of extortion or harassment in the course of enrolment for National Identification Number (NIN) to its...
View ArticleFederal Government Unveils e-Passport Offices in Italy, Spain, Three Others
The Federal Government has inaugurated enhanced e-passport facilities at selected Nigerian Embassies in Italy, Greece, Austria and Switzerland. This was revealed by the Minister of Interior, Olubunmi...
View ArticleNigeria Port Authority Plans One Billion Dollar Port Rehabilitation
In a bid to fortify Nigeria’s trade competitiveness, the Nigeria Port Authority has said it is launching a whopping one point one billion dollars for the rehabilitation plan of all the ports in Nigeria...
View ArticleFG saves N1.45tn resulting from subsidy removal
The federal government has so far saved over one trillion naira from earnings generated from the removal of subsidy on Premium Motor Spirit, popularly called petrol between June and September. This is...
View ArticleFormer Senate President To Train Kwara Women Entrepreneurs
In a bid to equip women in Kwara, the former Senate President, Dr. Bukola Saraki has concluded plans to train women entrepreneurs in the state. The one-day women entrepreneurial training, according to...
View Article10th Trade Fair: KWACCIMA To Showcase Local Governments Resources, Woos...
In preparation for the tenth Kwara Trade Fair, the Kwara State Chambers of Commerce, Industry, Mines and Agriculture (KWACCIMA) has disclosed plans to showcase the mineral resources in each local...
View ArticleEconomy: Kwara Traders Lament Naira Devaluation Impact on Inflation
Traders in Nigerian markets have decried the devealuation of the naira, blaming the removal of fuel subsidy as the cause. The removal of the fuel subsidy by the Federal Government has hit Nigerians...
View ArticleNigerian Council Of Registered Insurance Brokers Pledges To Promote...
The Nigerian National Petroleum Company Limited is seeking to squeeze the crude oil out of domestic producers, which are now raising the alarm as such a strategy could risk further driving investors...
View ArticleNCRIB vows to promote professionalism
The Nigerian Council of Registered Insurance Brokers says it will boost professionalism in the industry. The newly elected President of the NCRIB, Babatunde Oguntade who gave the assurance while making...
View ArticleNLC, TUC Defies Court Order, To Commence Nationwide Strike Tuesday Midnight
The Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC, have declared a nationwide strike. NLC ordered its members to commence a nationwide strike over the assault on its...
View ArticleCBN Extends Use Of Old N200, N500, N1000 Notes Indefinitely
The Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. The CBN had introduced the redesign of N200, N500 and N1,000 denominations in October 2022 and...
View ArticleUSSD Debts Hit Two Hundred Billion Naira As Telcos Plan Cut-Off
Telecommunications operators on Thursday disclosed that the Unstructured Supplementary Service Data (USSD) debts owed them by Deposit Money Banks (DMBs) have now hit two hundred billion naira. Speaking...
View ArticleCbn Assures Stakeholders on Monetary Reforms
In a bid to restore stakeholders’ confidence in Nigeria’s financial system, the Central Bank of Nigeria disclosed that its monetary policy reforms are beginning to have positive effects on the...
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