Business

Christ Embassy enters vehicle market, unveils electric cars

  • 19th August 2026

Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

NSDC mobilises $1bn for sugar self-sufficiency

  • 18th August 2026

NAFEM turnover hits $1.41bn, highest in weeks

  • 18th August 2026

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Christ Embassy enters vehicle market, unveils electric cars

Business

BudgIT urges FG not to dismiss US transparency report

Opinion

Naira holds steady at ₦1,350/$ in official FX market

Finance

Federal, states, LGs share ₦3.007trn July FAAC

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Blog

FG moves to restrict Binance, other crypto platforms
News

Binance’s bribery allegation could halt foreign investment inflow – SBM Intelligence

SBM Intelligence, a risk consultancy firm, has claimed that the alleged bribery request made by Binance’s CEO Richard Teng against government officials in Nigeria could jeopardise investor interest in the country. According to SBM Intelligence, the circumstances leading to the detention of Binance officials in Nigeria have also been a negative signal to foreign investors […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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World Bank may approve FG’s $2.25bn loan in June

The Federal Government is in the process of receiving a new loan from the World Bank, with loans amounting to $2.25 billion scheduled for approval on June 13, 2024. The funding will be received via two major development projects, according to The Punch. The first project, which is expected to receive $1.5 billion, is the […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu orders CBN to suspend implementation of cybersecurity levy

President Bola Tinubu has directed the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This follows the decision of the House of Representatives, which last Thursday called on the CBN to withdraw its circular ordering all banks in the country to start charging a 0.5 […]

News

FG’s Tax reforms not to frustrate Nigerians — Shettima

The Vice President, Kashim Shettima said that the reform of the Nigerian tax system under the administration of President Bola Tinubu is aimed at improving the system for the overall benefit of all Nigerians. This was disclosed by the vice president srepresented by the Special Adviser to the President on General Duties (Office of The […]

News

Stop illegal naira trade with PoS operators, EFCC warns banks

The Economic and Financial Crimes Commission has accused banks of colluding with Point-of-Sale operators to limit cash availability at Automated Teller Machines. According to EFCC, it is a financial crime for POS operators to have huge cash from banks at ATM’s expense. This was disclosed by the EFCC, via its official X handle on Saturday. […]

Financial institutions lost $12bn to cyberattacks in 20 years–IMF
News

FG’s planned domestic dollar bond may pressure naira – IMF

The International Monetary Fund has raised concern about the Nigerian government’s policy of issuing domestic dollar-denominated bonds, according to the recently published IMF staff country report for Nigeria. The Fund is concerned that such a move could aggravate the pressure on the naira and increase the cost of naira securities, according to Nairametrics. The report […]

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EFCC bans dollar transactions in embassies

Alex Omenye The Economic and Financial Crimes Commission has taken a decisive step to halt the dollarization of Nigeria’s economy and safeguard the value of the Naira by prohibiting foreign missions from conducting transactions in foreign currencies. In a letter addressed to the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, titled “EFCC Advisory to Foreign […]

Aviation

Aircraft skids off Lagos airport runway

A plane belonging to Xejet Airlines slid off the runway at the Murtala Muhammed International Airport, Lagos on Saturday. The Federal Airports Authority of Nigeria shut down runway 18L at Murtala Muhammed International Airport Lagos after the aircraft landed on a grass field. It is gathered that the aircraft with registration number 5NBZZ and type […]

Banking

Banks halt collection of processing deposit fees

Some of the major banks have stopped the collection of processing fees on deposits in line with the Central Bank of Nigeria’s directive on the suspension. The CBN on Wednesday announced in a circular the suspension of the collection of processing fees on deposits to September 30, 2024. This followed the initial activation of the […]

Aviation

Dana Air lays off staff amid regulatory audit

Alex Omenye In response to an ongoing operational audit by the nation’s regulatory authorities, Dana Air announced the temporary disengagement of some staff members, as disclosed by the airline’s Head of Corporate Communications, Mr Kingsley Ezenwa. The audit, a joint effort between Dana Air and regulatory bodies, aims to ensure compliance with industry standards and […]

Aviation

VistaJet unveils flexible charter services

VistaJet, an international aviation company, with a fleet of over 300 jets, has expanded its services to Nigeria, offering customised private jet services. This was recently launched at the Nnamdi Azikiwe International Airport, Abuja, according to The Punch. The aviation company sees Nigeria as a major aviation with so many opportunities to explore. The company’s […]

Maritime

Maritime stakeholders reveal Nigeria loses trillions annually

Maritime stakeholders have said that the country loses N1 trillion annually due to the lack of cash disbursed from the Cabotage Vessels Financing Fund. This was disclosed by stakeholders in the maritime sector during a recent meeting with the new Director General of the Maritime Administration and Safety Agency, Dr. Dayo Mobereola in Lagos, according […]

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