Military task force discovers 50 illegal oil mining sites
The Joint Military Task Force, Operation Delta Safe, has uncovered a revelation in the fight against illegal oil activities, as they revealed the existence of 50 oil refining sites nestled…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
