FG borrows additional N3.8trn from CBN in six months
The Federal Government of Nigeria acquired an additional N3.8 trillion through what appears to be fresh Ways and Means Borrowing within the last six months of 2023. This is according…
FG borrows additional N3.8trn from CBN in six months
The Federal Government in what appears to be Ways and Means has received an additional N3.8 trillion in the last six months. This is based on preliminary data published in…
Meta CEO Zuckerberg loses $18bn as stock decline
The latest quarterly earnings call for Meta, led by CEO Mark Zuckerberg, resulted in a seismic shift in the tech mogul's net worth. A jaw-dropping loss of $18 billion ensued…
Forex shortage delays crude supplies to Dangote refinery
The Chinese state energy giant PetroChina has been holding a cargo of US crude oil in Nigeria's biggest new refinery for almost a month because of foreign exchange problems, according…
One in five Nigerians trust Bitcoin than banks – Report
One in five Nigerian consumers are using Bitcoin for daily transactions, with 67% expressing more trust in Bitcoin than traditional services like banks, local governments, and cash for safeguarding their…
FG approves Air Peace Abuja-London route – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that the federal government has approved the commencement of the Abuja-London route for Nigeria's Air Peace airline. This was…
Threads tests new feature as monthly users pass 150m
The founder of Meta, Mark Zuckerberg, has said that Threads, a social networking app that is competing with X, formerly Twitter, has reached 150 million monthly active users, up from…
Scarcity: Fuel supply shortage resolved, says NNPCL
The Nigerian National Petroleum Company Limited has clarified that the shortage in the supply of Premium Motor Spirit also known as PMS recently being experienced in some parts of the…
Kenyan official denies fleeing Binance executive’s arrest
Kenyan officials have reportedly denied the arrest of the Binance executive, Nadeem Anjarwalla facing tax evasion charges in Nigeria. Nigerian authorities asked the Kenyan government to arrest and extradite Anjarwalla…
Fire incident forces terminal closure at Murtala Muhammad Airport
The Federal Airports Authority of Nigeria has diverted all flight operations from the E wing of the Murtala Muhammad International Airport, MMIA due to a fire incident on Thursday. It…
Ibom Air confirms ‘averted disaster’ on faulty Abuja-bound plane
Popular domestic airline, Ibom Air, has confirmed the report of an 'averted disaster' on Thursday after a heroic flight engineer intervened just in time to prevent a potentially catastrophic incident…
FG may merge CBN’s NIRSAL, Bank of Agric
The National Council on Privatization announced its contemplation of merging the Bank of Agriculture with the Central Bank of Nigeria's NIRSAL Microfinance Ltd. Additionally, the council intends to infuse fresh…
