Finance
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...
CBN’s Recent Effort to Stabilize Nigeria’s Volatile Exchange Rate: a Policy Overload?
“CBN bans banks and Fintechs from International Money Transfers” “CBN mulls the conversion of 30bn domiciliary accounts to Naira” “CBN hikes import duty...
“Some Clowns are Celebrating on Twitter over Naira’s Fall” – Shettima
Vice President Kashim Shettima has voiced his dismay towards Nigerians who derive joy from the naira’s decline against the dollar, labelling them as...
Femi Otedola Assumes Chairmanship of FBN Holdings Board
Femi Otedola has taken over as Chairman of the Board of FBN Holdings Plc, the parent company of First Bank. This transition occurred...
“Women’s thirst for lace wigs devalue the naira”- AriseTV’s Rotus
Rotus, a broadcaster, has alleged that Nigerian women are partly responsible for the devaluation of the naira due to their thirst for lace...
F. Otedola’s Return to Forbes List
The billionaire entrepreneur Femi Otedola has returned to the Forbes list after an eight-year break. He shared the announcement on Instagram with a...
How Crisis in Mangu, Plateau Will Cause Nationwide Food Shortage – Kalu Aja
Mangu, Bokkos, and Barkin Ladi Local Government Areas (LGAs) in Plateau State are grappling with relentless attacks that have left residents either injured,...