Business

Federal Government said it will take possession of two banks that were allegedly bought at a major discount by former Central Bank Governor Godwin Emefiele, according to a report by a special investigator appointed by President Bola…
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The naira, on Friday, November 3, 2023, continued its rebound against the dollar as it exchanged at N950 in the parallel market. This represents a N170 gain or a 15.18 per cent appreciation of the local currency compared to the N1,120…
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Ekiti State Governor, Biodun Oyebanji has presented a budget estimate of N159,572,482,915.61 Billion Naira, christened “Budget of Sustainable Growth and Development” to the State House of Assembly for the 2024 fiscal year. The 2024…
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The national grid has suffered a new total system collapse. Electricity distribution companies (DisCos), in different notices to customers, stated that the national grid collapsed at about 12.40 a.m. on Thursday, September 14, 2023. …
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Visa ban on Nigerian travellers to the United Arab Emirates (UAE) has been lifted with immediate effect. The development is the product of engagement between President Bola Tinubu and President of the UAE, Mohamed bin Zayed Al Nahyan. …
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The National Commission for the Coordination and Control of Proliferation of Small Arms and Light Weapons has said it plans to employ and train about 300,000 personnel across the federation to tackle illegal arms proliferation. The…
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The suspended Central Bank of Nigeria Governor, Godwin Emefiele, is expected to be arraigned at the Federal High Court in Lagos on Tuesday, July 25, 2023 on charges of illegal possession of firearms and ammunition. Justice Nicholas…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the country’s petrol daily consumption figure stands at 46.38 million litres due to subsidy removal by the Federal Government. The NMDPRA said the figure…
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By Malik Dauda The Senate has amended the 2022 Supplementary Appropriation Act to extend the implementation year from the 30th of June to the 31st of December, 2023. The National Assembly extended the implementation of the 2022…
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By James Olayinka MTN Nigeria has paid N62.91 billion to the Nigerian Communications Commission (NCC) for the renewal of its licence and the lease of Natcom Development and Investment Limited’s (NTEL) spectrum. MTN Nigeria said the…
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