Finance
Naira Left Out Of IMF’s June Currency List
The Naira has been omitted from the International Monetary Fund’s (IMF) Representative Exchange Rates for Selected Currencies for June 2024. This exclusion shows...
CBN and NDIC Face Criticism Over Heritage Bank Liquidation as Depositors Demand Full Refund
The Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation (NDIC) have come under fire from Heritage Bank depositors following the revocation...
Access Bank Allegedly Loses Over N75M Of Customers Money To ‘Network Glitch’
On May 26, Uchechukwu Innocent, an Onitsha-based businessman, received a total inflow of $49,718 in his Access Bank domiciliary accounts through Access Bank...
Labour Party Advices Re-negotiation, Says ₦494,000 Minimum Wage Demand Unrealistic
The Labour Party has urged workers’ unions to reconsider their indefinite strike and re-negotiate with the government for a new minimum wage. This...
Strike: NLC, PASAN Cuts Water Supply To National Assembly
The water supply to the National Assembly complex has been cut by members of the Parliamentary Staff Association of Nigeria (PASAN), an affiliate...
CBN Revokes Heritage Bank Plc’s License Due to Financial Instability
The Central Bank of Nigeria (CBN) has announced the immediate revocation of the banking license of Heritage Bank Plc, citing breaches of financial...
Lagos Ends 25% Discount on Public Transport Fare
The Lagos Metropolitan Area Transport Authority (LAMATA) has announced that the 25% discount on fares for regulated public buses, ferries, and train services...
Pandemic Impact: Global Debt Reaches New Record High Of $315 Trillion
A recent report from the Institute of International Finance (IIF) reveals that global debt has reached $315 trillion, marking the most significant, quickest,...
Kenyan President Defends Cost of Private Jet for U.S. Trip
Kenyan President William Ruto defended the cost of hiring a private jet for his trip to the United States, stating it was $76,000,...
Pound Sterling Reaches 21-Month High Against Euro as UK Rate Cut Hopes Fade
The pound sterling has reached its highest level against the euro since August 2022, trading at £0.8482 per euro on Wednesday. This marks...
House Of Reps To Probe CBN Over Mass Dismissal Of 600 Staff
The House of Representatives is set to investigate the recent dismissal of about 600 employees by the Central Bank of Nigeria (CBN). This...
Decreased Dollar Demands: Naira Appreciates To N1,339.33/$1 On Official Market
The Nigerian Naira experienced a significant appreciation against the US Dollar in the official market, closing at N1,339.33/$1 on Monday. This marks a...