Nigeria’s Inflation Rate Drops To 21.34% In Dec 2022
THE National Bureau of Statistics (NBS) in its latest inflation report showed a decline of 0.13% between November and December. “In December 2022,.
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Bank Borrowing From CBN Rises By 260% To N21.87trn
DEPOSIT Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window and Repurchase Lending.
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Emefiele Is Back In Office, CBN Confirms
THE governor of Central Bank Of Nigeria, Godwin Emefiele has returned to Nigeria and is back at work in his office, Abuja. Emefiele.
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DSS Invades CBN, Traps Emefiele In Office
OPERATIVES of the Department of State Security (DSS) on Monday afternoon, invaded and laid siege on the embattled Governor of the Central Bank.
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Max Air Appoints Abubakar Dahiru Mangal As CEO
MANAGEMENT of Max Air Limited has approved the appointment of Alhaji Abubakar Dahiru Mangal as the new Chief Executive Officer (CEO) of the.
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Nasarawa Oil Well Drill Starts In March – NNPC GMD
THE Nigeria National Petroleum Company Limited (NNPCL) has announced plans to drill the first oil well in Nassarawa State in March 2023 in.
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Nigeria Records Highest Oil Production In December- Report
IN December 2022, Nigeria recorded her highest oil production since April 2022, the latest Platts survey by S&P Global Commodity Insights has revealed..
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Dangote Cement Empowers 40 Women In Kogi
DANGOTE Cement Plc has graduated no fewer than 40 women in fashion design in Kogi State. Speaking at the graduation ceremony of the.
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New Naira Notes: CBN Takes Campaign To Kano Traders
THE Central Bank of Nigeria CBN has called on traders and business communities in Kano to ensure that they meet the deadline of.
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Kerosene Price Increases By 146% – NBS
LATEST data from the Nigerian Bureau of Statistics for November has indicated that the price of household Kerosene, also known as cooking kerosene.
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UK Shuts Obi’s Company Over Account Questions – Report
FOR failing to submit its annual accounts, authorities in the United Kingdom, have struck off Next International (UK) Limited, a company largely owned.
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Money Laundering: UK Slams N4.1bn Fine On GTbank
A UNITED Kingdom-based financial watchdog, Financial Conduct Authority (FCA), has fined the British subsidiary of Nigeria’s Guaranty Trust Bank N4.1 Billion (£7.6 million/$9.3.
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Lagos, Kaduna, Rivers Top List Of States With Highest Foreign Debts
LAGOS State with a foreign debt of $1.27bn (Domestic debt – N877.04bn), Kaduna with $586.78m (Domestic – N86.86bn) and Rivers with $240.18m (Domestic.
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I Wouldn’t Mind Buying Fuel For N300/Litre – Minister
THE Minister of State for Petroleum Resources, Timipre Sylva, has said that he will not feel bad to buy petroleum at N300 per.
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CBN’s Withdrawal Limits Begin Amid Concerns Over New Naira Notes
THE cash withdrawal limits set by the Central Bank of Nigeria (CBN) become effective today, January 9, 2023 amid concerns over the slow.
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Tony Elumelu Foundation Announces Somachi Chris-Asoluka As CEO
THE Board of Trustees of the Tony Elumelu Foundation, the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced.
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23 Days To Deadline: CBN Insists Old Naira Notes Will Cease To Be Legal Tender In February
AMID concerns about the scarcity of new naira notes, the Central Bank of Nigeria (CBN) has insisted that January 31, 2023 remains the.
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Azman Air Set To Launch Additional Aircraft For 2023 Umrah, Hajj Operations
THE management of Azman Air, under the leadership of Alhaji Faisal Abdulmunaf has revealed that it will launch additional aircraft to its fleet.
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Minister Denies Knowledge Of Electricity Tariffs Increase
NIGERIA’s Minister of State for Power, Goddy Jedy-Agba, has denied being aware of an indiscriminate increase in electricity tariffs by the Nigerian Electricity.
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Cooperative Set To Salvage Teachers From Unwarranted Loans
IN a bid to protect the entire primary school teachers from Tarauni LEA totally from the shackles of excessive loans with high interest.