Finance
Nigeria’s Crude Oil Production Dropped in January 2024- OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria experienced a decline in crude oil production in January 2024. The intergovernmental...
Fuel Climbs to N700/L in Sokoto, Borno, Kano
Despite the Nigerian National Petroleum Company Limited (NNPCL) assuring that they won’t increase fuel prices, independent sellers have increased their prices to more...
Access Holdings Appoints Bolaji Agbede as Acting Group CEO
Access Holdings yesterday announced the appointment of Bolaji Agbede, as the Acting Group Chief Executive Officer, succeeding late Herbert Wigwe, pending approval from...
Auditor-General Asks CBN to Account for $4.5b Missing from Foreign Reserves
The Auditor-General of the Federation, Shaaka Kanyitor Chira, has queried the Central Bank of Nigeria (CBN) about a substantial $4.5 billion missing from...
NLC: “New Minimum Wage Should be N1 Million Due to Hardship”
Nigerian Labour Congress, NLC, has indicated it might push for a new minimum wage of up to N1 million for Nigerian workers. The...
EFCC Arrests 3 in Kaduna For Selling Naira Notes
The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) arrested three individuals for suspected racketeering involving N1,307,400. The arrested suspects,...
EFCC Forms Special Task Force to Fight Dollarization, Currency Mutilation
The Economic and Financial Crimes Commission (EFCC) has raised a dedicated task force across its zones to fight the dollarization of the economy...
China’s Stock Market has Lost $1 Trillion in Value
China’s stock market is reportedly facing a crisis as it lost $1 trillion in market capitalization in just 13 trading days. The market...
Senate Considers Raising Customs Revenue Target to Save Nigeria from Debt Crisis
The Senate has informed the Nigeria Customs Service that the agency’s 2024 revenue target will undergo an upward revision in the latter part...
EFCC Arrests Pastor for N1.3 Billion Fake Grants, Money Laundering Scheme
In a startling revelation, the Economic and Financial Crimes Commission (EFCC) has apprehended Apostle Theophilus Oloche Ebonyi, the General Overseer of Faith On...
Why it is Unwise for CBN to Convert Domiciliary Accounts to Naira- Kalu Aja
Over the past couple of days, there have been speculations that the Central Bank of Nigeria (CBN) has plans to convert foreign currencies...
CBN Discovers False 2.4 billion FX Backlog
In a recent interview with Arise Television, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso disclosed that 2.4 billion of the $7 billion...