Finance
SERAP Sues 36 Governors and FCT Minister Wike for Failing to Account for Trillions in FAAC Allocations
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s 36 governors and the Minister of the Federal Capital Territory...
Forbes Names Ronaldo, Messi, LeBron, Neymar Among Highest-Paid Athletes in 2024
Forbes has released its 2024 list of the top 10 highest-paid athletes, featuring global sports icons such as Cristiano Ronaldo, Lionel Messi, and...
Diaspora Remittances to Nigeria Drop by 6.28% in Q1 2024
In the first quarter of 2024, Nigeria recorded $282.61 million in direct foreign exchange (FX) remittances, marking a 6.28% decrease from the $301.57...
CBN Approves 14 New IMTOs in Bid to Double Forex Remittances
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs) as part of a strategy...
Binance’ Bribery Allegations is to Blackmail and Divert Attention – Reps
The House of Representatives has accused cryptocurrency company Binance of blackmail amidst bribery allegations brought against committee members by the company. Chairman of...
Breaking: Bank Transfers Facing Delays Across Nigeria Due to Technical Glitch
Bank Customers in Nigeria are experiencing delays in transferring funds to other banks as a technical issue disrupts services provided by various financial...
Melinda Gates Quits Gates Foundation, Gets $12.5bn To Pursue Own Charity
Melinda French Gates, the former wife of Microsoft co-founder Bill Gates, is quitting the charity organisation she co-founded with her ex-husband to establish...
Inflation Expected to Rise Further, Cardoso Pledges MPC Will Tackle That
Governor Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has reiterated that the Monetary Policy Committee (MPC) will address Nigeria’s persistent inflationary pressures....
”Remove fuel, electricity subsidy” – IMF urges FG
The International Monetary Fund (IMF) has issued a stern warning to the Nigerian government, urging the removal of what it termed “implicit fuel...
Garri, Dudu Osun, Sanitary Pads, and Other Consumer Items Priced High in Last One Year – SBM Intelligence
In Nigeria, the cost of living has reached an alarming level, causing widespread concern and hardship among ordinary citizens. The persistent rise in...
My Priority is Recovering Misappropriated N10bn Airport Funds, not Jailing anyone- Otti
Amidst the ongoing controversy surrounding the alleged misuse of N10 billion allocated for an airport project in Abia State, Governor Alex Otti has...
Zimbabwe Cracks Down on Businesses not Using Official Exchange Rate for New ZIG Currency
The Zimbabwean government is cracking down on businesses that has refused to use the official exchange rate for its new currency, Zimbabwe Gold...