Economy
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Again, Naira slides back to its old ways, crashes to 1,030 per dollar
The naira crashed against the dollar yesterday, falling to 1,030/$ on the average in the parallel market, losing the momentum…
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Cooking gas scarcity hits Lagos, Delta, Kaduna 3 other states
Scarcity of Liquefied Petroleum Gas also known as cooking gas has hit Lagos and some other states in the country.…
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There’s nothing to worry about, we have enough Naira notes in circulation — CBN assures
The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy.…
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Huge volume withdrawals reason for Naira scarcity — CBN
The Central Bank of Nigeria (CBN), yesterday, assured Nigerians of sufficient stock of currency notes for economic activities in the…
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Amid red flag on domestic borrowings, Tinubu considers N30trn fresh loans
Many African governments are currently caught in the crisis of refining domestic debts at cut-throat costs even as they overstretch…
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NDIC refunds N1.2bn to 34,000 depositors of microfinance banks
The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has revealed that the agency has refunded over N1.2 billion…
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FG proposes gaming industry tax scheme, as ‘65m Nigerians spend $15 daily on betting’
Bello Maigari, Executive Secretary of the National Lottery Trust Fund (NLTF), says Nigerians spend billions of dollars on betting each…
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Naira to exchange for N650 to a dollar before December 2023 — FG
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing…
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NNPCL withheld N13.27trn crude oil sales from federation account, FAAC alleges
Nigerian National Petroleum Company Limited (NNPCL) sold crude oil valued at N26.496 trillion but only remitted N13.226 trillion into the…
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Nigeria’s foreign reserves dwindle by $3.8bn in 10 months
Nigeria’s foreign exchange reserves, a once-robust bulwark against economic shocks, have dwindled by $3.8 billion, which is around 10.2 percent…
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