FG not responsible for Dangote pipeline abandonment – Minister
The Ministry of Petroleum Resources (Gas), Ekperikpe Ekpo has addressed media reports regarding the Dangote Group's abandonment of a proposed 1,200km subsea gas pipeline, stating that government policies were not…
Naira falls to N1,656/$1 amid Inflation slowdown
The exchange rate of the naira against the US dollar fell to N1,656.49 at the official Investor and Exporter (I&E) window, reflecting a 7.12% decline from N1,639.20 on September 13.…
PenCom to integrate 60 million informal workers into pension scheme
The National Pension Commission has announced its initiative to integrate over 60 million informal workers into the national pension scheme. This strategic move aims to expand pension coverage and provide…
Mobile, PoS systems lead fraud cases in Q2 – Report
Fraud cases involving computer, mobile, and point-of-sale systems dominated the fraudulent activities reported in Nigeria during the second quarter of 2024. According to the latest fraud report from the Financial…
Shettima pledges to resolve Air Peace landing right challenges
Vice President Kashim Shettima has pledged to engage with key stakeholders to address the bureaucratic challenges preventing Nigerian airline, Air Peace from securing landing rights at Heathrow Airport, one of…
CBN caps BDC forex sales at $5,000
The Central Bank of Nigeria has implemented a new policy limiting bureau de change operators to a maximum cash sale of $5,000 for foreign exchange transactions. This directive, part of…
Enugu seals N40bn deal to revitalize Sunrise Flour Mills
The Enugu State Government has secured a significant agreement worth N40 billion with Jelfah Nigeria Limited to revitalize the long-abandoned Sunrise Flour Mills in Emene. This landmark deal aims to…
NNPCL petrol pricing decisions illegal – Falana
Senior Advocate of Nigeria and human rights activist, Femi Falana has declared that it is "illegal" for the Nigerian National Petroleum Company Limited to set the prices of Premium Motor…
CBN to expand eNaira use for govt payments, MDAs transactions
The Central Bank of Nigeria plans to broaden the use of its digital currency, eNaira, to streamline payments into government accounts and enable Ministries, Departments, and Agencies to process vendor…
eNaira: Nigeria among top countries leading digital currency adoption
Nigeria has been recognized as one of the top three countries globally where Central Bank Digital Currency has gained significant traction. According to a report released by the U.S.-based Atlantic…
Akwa Ibom allocates N60bn to acquire CRJ900 aircrafts
Akwa Ibom State Governor Pastor Umo Eno has announced a significant financial investment of N60 billion to Ibom Air for the purchase of two new Bombardier CRJ900 aircraft. This strategic…
CBN maintains 5% threshold for Ways and Means advances
The Central Bank of Nigeria has confirmed that it will maintain the Ways and Means Advances to the federal government at a 5% threshold for the fiscal years 2024-2025. This…
