FX matching system will correct Naira’s true value – Cardoso
The Central Bank of Nigeria, Olayemi Cardoso announced that the upcoming electronic FX matching system will help align the naira-to-dollar exchange rate…
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FG’s debt to Egbin Power hits N1.6tn, Senate steps in
The Senate Committee on Privatisation has committed to addressing the ₦1.6 trillion debt owed to Egbin Power Plc by the Federal Government.…
Marketers to begin fuel lifting at P’Harcourt refinery soon
Petroleum marketers have stated that they are set to begin lifting fuel from the state-owned Port Harcourt refinery soon. They added that…
CBN raises Interest rate to 27.50%
The Central Bank of Nigeria has raised its Monetary Policy Rate by 25 basis points, bringing it to 27.50% from 27.25%. This…
Lawmakers questions FG’s foreign loans despite surpassed revenue targets
Lawmakers have raised concerns over the Tinubu administration’s $2.2 billion loan request, questioning the need for foreign borrowing despite exceeding revenue targets…
CBN extends BDC operators recapitalisation deadline by six months
The Association of Bureaux De Change Operators of Nigeria has announced that the Central Bank of Nigeria has extended the deadline for…
CBN to raise interest rate, analysts predict
The Monetary Policy Committee of the Central Bank of Nigeria is expected to maintain its hawkish stance in response to persistent inflationary…
Dangote refinery exports jet fuel to UK, Iceland, others
The Dangote Refinery has achieved a milestone by exporting jet fuel to international destinations, including airports in Iceland, Tenerife, and London. According…
EFCC faults fintech over fraud among unbanked and middle class
The Economic and Financial Crimes Commission has expressed growing concern about the surge in fraudulent activities within Nigeria’s financial sector, particularly targeting…
NNPCL delivering below agreed crude oil volume – Dangote refinery
The Dangote Petroleum Refinery has revealed that the Federal Government has not met its crude oil supply targets under the naira-for-crude initiative.…
Bitcoin sets new record, nears $100,000 as rally continues
Bitcoin surpassed the $99,000 mark for the first time on Thursday, driven by investor expectations of a potential second Donald Trump presidency.…
Expert raises the alarm on AI’s threats
Yoshua Bengio, a renowned computer scientist and AI pioneer, has raised concerns about the potential negative impacts of artificial intelligence on society.…