Meet the top 10 wealthy Nigerians in 2024
Nigeria consistently produced some of the wealthiest individuals in Africa, with Forbes recently ranking Aliko Dangote as the richest black man in 2024. Here are the top 10 wealthy Nigerians…
Naira depreciates against US dollar despite CBN intervention
After three days of respite, the Naira depreciated on Tuesday against the US dollar at the foreign exchange market despite the Central Bank of Nigeria’s recent interventions. Data from FMDQ…
Federal Account Allocation to States and LGAs Increased to N3.34tn During Jul-Dec 2023
Figures obtained from the National Bureau of Statistics indicate an increase of N545bn or 19.5 per cent from the N2.79trn distributed to states and local government areas in the first…
The Cardoso Naira vs Dollar Chess Game: A Fight to the Finish -By Michael Chibuzo
I have watched very keenly the flurry of activities in Nigeria’s foreign exchange market in the past couple of days. The Central Bank of Nigeria under the leadership of Dr.…
Breaking News: NAHCON announces 2024 Hajj fare
The National Hajj Commission, NAHCON, has announced the final fare for this year, 2024. The Chairman of the Commission, Malam Jalal Arabi said that intending pilgrims from Nigeria’s Southern centre…
Flash: Naira appreciates significantly amid CBN intervention
The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that…
Unlocking Economic Stability: Central Bank of Nigeria Directs Banks to Sell Excess Dollars by February 1, 2024
The new circular would force banks to sell off excess dollar liquidity exceeding $5bn. The CBN, which disclosed in a new circular released on Wednesday, also warned lenders against hoarding…
Big changes at the Central Bank of Nigeria as 1,500 staff members relocate to the bustling Lagos office
“Yes, the plan is still on and they will resume work by February 2, which is the first week of next month,” an official said. The latest development comes on…
Oyetola Inaugurates SMSEs Conditional Grant Scheme in Osun.
.. Lauds President Tinubtinubu’stive approach to economic rejuvenation Minister of Marine and Blue Economy, Adegboyega Oyetola on Monday inaugurated Federal Government-funded and executed infrastructures in Osogbo, the Osun state capital.…
Nigeria and Morocco Collaborate to Unlock Potential: Accelerating the $30bn Gas Pipeline Project
Both nations held discussions about the deal on the sidelines of a meeting between the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, and the Moroccan Minister of Energy…