Nigerians spend $221m on overseas education in three months –CBN report
An analysis of data obtained from the Central Bank of Nigeria showed that Nigerians spent at least $220.86 million on foreign education between December 2021 and February 2022. This is…
Lagos vows to prosecute developer of collapsed building
The Lagos State Government has vowed to prosecute the missing developer, identified as Fumble, who was said to be in charge of the three-storey building that collapsed and killed four…
Why accounts of 50 firms operating loan apps are frozen –FCCPC
Babatunde Irukera is the Executive Vice-Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection Commission, formerly known as the Consumer Protection Council. A lawyer by training, Irukera became the…
Manufacturers suffer scarcity as politicians buy dollars for primaries
As the naira continues its free fall against the dollar, manufacturers in the country have lamented the worsening scarcity of the United States currency, saying their inability to get the…
IMF warns Nigeria to fix weak labour market
The International Monetary Fund has warned Nigeria and other emerging economies to promptly repair their weak labour markets and severe schooling disruptions to prevent plunging their economies into further damage.…
NPA plans crackdown, to levy barge operators
The Nigerian Port Authority has disclosed that barge operators have operated on free tickets for so long and need to start paying tariffs. Speaking in Lagos, the Managing Director, NPA,…
Digital currency won’t eliminate naira notes – CBN
The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes from circulation and replace it with the digital…
Forex inflow falls by 37% in one month -CBN
The foreign exchange inflows into the country fell by 36.7 per cent in one month to $4.36bn in January, figures obtained from the Central Bank of Nigeria have shown. The…
Money Laundering Act: Banks, firms to pay N1m daily for suspicious transactions
As part of its fresh move against money laundering, the Federal Government has enforced a fine of N1m per day for any financial institution or non-financial business and profession that…
FG suspends train’s resumption, families seek abductees’ rescue
The Nigerian Railway Corporation has announced that it is postponing the resumption date for the Abuja Kaduna train services. This came as families of the abductees welcomed the development and…
NGX demands full disclosure from companies
The Chief Executive Officer, NGX Regulation Limited, Ms Tinuade Awe, has said there is need for corporate bodies to adopt sound procedures in the reporting on their environmental and social…
Paper currency will soon be out of circulation -CBN official
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch…
