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Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement

Fuel scarcity hits Abuja, five other states as queues return

There were Long queues as many filling stations were closed in Abuja and about five...

25th April 2024

FG suspends Dana Air after Lagos airport incident

The Nigerian Civil Aviation Authority has issued a suspension on the operations of Dana Air....

24th April 2024

FG recovers N57bn from N5.2trn debt owed by MDAs

The Federal Ministry of Finance has made significant strides in the recovery of outstanding debts...

24th April 2024

EFCC arrests Buhari ex-minister over alleged N8bn Nigeria Air fraud

The Economic and Financial Crimes Commission has arrested the former Minister of Aviation, Hadi Sirika,...

23rd April 2024

Dana Air plane skids off Lagos runway

A Dana Air aircraft carrying passengers from Abuja to Lagos has reportedly crash-landed at the...

23rd April 2024

FCCPC shuts Abuja Chinese store for rejecting Nigerian shoppers

The Federal Competition and Consumer Protection Commission has sealed the Abuja-based Chinese supermarket located within...

22nd April 2024

NEXIM Bank affirm support for Nigeria’s export sector

Nigerian Export-Import Bank has affirmed its support for Nigeria’s export sector. This disclosure was made...

22nd April 2024

Cooking gas price rises 42.97% – NBS

Alex Omenye The National Bureau of Statistics reported a significant 42.97% increase in the average...

20th April 2024

Tinubu orders NNPC to sell Crude to Dangote in Naira

FG to criminalise fiber cable damage – Report

Nigeria is initiating a move to criminalise the destruction of broadband fiber cables in response...

19th April 2024

10 facts about CBN governor-nominee Cardoso The President, Bola Tinubu, on Friday named Olayemi Michael Cardoso as the substantive Governor of the Central Bank of Nigeria. He is expected to replace the Acting Governor of the CBN Folashodun Shonubu if confirmed by the Senate. Below are 10 facts about him. i. Dr. Olayemi Cardoso hails from Lagos State, a city renowned for its vibrant economic and cultural diversity. ii.His parents were descendants of Brazilian returnees who belonged to prominent families in Popo Aguda, adding a rich cultural heritage to his background. iii. Dr. Cardoso's father, Felix Bankole Cardoso, made history as Nigeria's first indigenous Accountant-General of the Federation in 1963, setting a high bar for public service. iv. His academic journey began at Corona School Ikoyi, where he received his primary education, followed by St. Gregory's College in Lagos for his secondary education. v. Dr. Cardoso's pursuit of knowledge took him to Aston University, where he earned a Bachelor's degree (B.Sc.) in Managerial and Administrative Studies in 1980. vi. He continued his academic journey, earning a Master's degree in Public Administration in 2005 as a Mason Fellow, showcasing his commitment to continuous learning and growth. vii. Dr. Cardoso's career in finance included serving as the former chairman of Citibank Nigeria, where he undoubtedly honed his financial acumen. viii. His commitment to public service led him to serve as the Commissioner for Economic Planning and Budget in Lagos State during President Tinubu's tenure as the governor. ix. Dr. Cardoso is not just a participant in Lagos's economic development but also an architect. He is the founding chairman and co-chair of the Ehingbeti Summit, the Lagos State economic summit. x. Behind the impressive resume, Dr. Cardoso is a family man. He is married with five children and three grandchildren, embodying the values of responsibility and dedication.

Nigeria’s FX reserves shrink linked to debt repayments – CBN

The Central Bank of Nigeria has thrown more light on the reasons for the notable...

18th April 2024

Nigeria’s inflation rate will drop to 23% next year -IMF

The Global Economic Outlook has projected a decline in Nigeria’s inflation to 23 per cent...

17th April 2024

NCAA suspends three private jet operators for illegal commercial flights

The Nigerian Civil Aviation Authority has announced the suspension of the permit of three private...

16th April 2024

Hundreds of Nigerians stranded in South Africa as

Amazon engineers under internal probe after criticising AI

Only 6% of Nigerians access formal credit despite

OPEC rejects IEA forecast of oil oversupply

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