Featured Archives

Nigeria’s external debt servicing gulps $2.86b in eight months – CBN

Nigeria spent $2.86 billion on servicing its external debt in the first eight months of 2025, according to new data from the Central Bank of Nigeria. This represented 69.1 per cent of the country’s total foreign payments of $4.14 billion during the period. In comparison, Nigeria’s external debt servicing for the same period in 2024 […]

monwubukepdnlimited-com
2nd October 2025
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203 Views

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Court freezes four bank accounts tied to ex-NNPC boss Kyari

The Federal High Court in Abuja has ordered the temporary freezing of four Jaiz Bank accounts linked to Mele Kyari, the immediate past Group Managing Director of the Nigerian National Petroleum Company Limited, over alleged fraud. Justice Emeka Nwite issued the order following an ex-parte application filed by the Economic and Financial Crimes Commission through […]

monwubukepdnlimited-com
20th August 2025
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190 Views

featured

Female passenger charged, remanded for assaulting Ibom Air officials

Comfort Emmanson, the passenger who assaulted airline officials on an Ibom Air flight from Uyo to Lagos, has reportedly been charged in court. The special adviser on media and communications to the Minister of Aviation and Aerospace Development, Tunde Moshood, stated that Emmanson is currently remanded at Kirikiri Correctional Facility. Moshood made the statement in […]

monwubukepdnlimited-com
11th August 2025
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74 Views

Court adjourns fraud trial of ex-AMCON MD Ahmed Kuru, four others

The Lagos State Special Offences Court in Ikeja has adjourned the fraud trial of former Managing Director of the Asset Management Corporation of Nigeria, Ahmed Kuru, and four others to March 19, 2025. Kuru is standing trial alongside Kamilu Omokide, a former receiver manager of Arik Air Ltd; Captain Roy Ilegbodu, the airline’s CEO; Union […]

aomenyepdnlimited-com
18th March 2025
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180 Views

Economy featured

Long queues resurface at filling stations as marketers blame supply hitch

Long queues at gas stations in Lagos and Ogun began to form again, causing concern about the imminent scarcity of fuel. Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is a result of a shortage in supply. Also, Similarly, the Nigerian National Petroleum Company Limited […]

monwubukepdnlimited-com
6th April 2024
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132 Views

CBN clears $64.44m forex backlog for airlines

JUST IN: CBN revokes operational licenses of 4,173 BDCs

The Central Bank of Nigeria, in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015 (the Guidelines), has revoked the licenses of 4,173 Bureaux De Change Operators. This was disclosed on Friday in a […]

aadelekepdnlimited-com
1st March 2024
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150 Views

Telcos to receive $1bn network equipment in July — Minister

featured Technology

Nigeria to surpass India in technology talents export — Minister

The Minister of Communication, Innovation and Digital Economy, Bosun Tijani, said Nigeria will overcome India as the net global exporter of technology talents. Tijani said this in an interview on Channels Television’s Sunrise Daily on Monday. He said the overall target of one of the flagship programmes of his ministry is to create […]

aadelekepdnlimited-com
19th February 2024
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140 Views

Economy

Naira strengthens at official window, weakens on black market

The naira appreciated in the official window on Monday following a statement by the governor of the Central Bank of Nigeria, Olayemi Cardoso. According to The PUNCH, in the statement, he assured the public that the central bank was working to address the currency’s volatility. Based on information from the FMDQ, the local currency increased by […]

bfatoyepdnlimited-com
5th February 2024
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99 Views

Business featured

2023: Companies that exited Nigeria amid economic challenges

Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes and policy directions led investors to adopt a cautious stance, influencing significant long-term investment decisions. The year kicked off with artificial cash scarcity and a botched currency note redesign, initially hampering consumer spending. […]

bfatoyepdnlimited-com
28th December 2023
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285 Views

Business featured

Loan apps: FCCPC to address rising debt with new policy

The Federal Competition and Consumer Protection Commission announced plans to create a new regulatory framework to address Nigerians’ growing reliance on digital money lenders, often known as loan apps. The Commission’s Chief Executive Officer, Mr. Babatunde Irukera, revealed this on Monday while appearing on a TVC live program. Irukera stated that debt to DMLs has become […]

bfatoyepdnlimited-com
26th December 2023
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153 Views

FG's 10-man panel to investigate airlines over fare hike

Aviation

Airlines that cause flight delays must provide refreshments — NCAA

The Nigeria Civil Aviation Authority has ordered airlines to provide refreshments and other alternative measures in accordance with Nigeria Civil Aviation Regulations 2023 Part 19. According to a statement signed by the Director Public Affairs & Consumer Protection, Michael Achimugu, Michael Achimugu, the NCAA is aware of recent flight disruptions that have inconvenienced air passengers and sympathizes […]

bfatoyepdnlimited-com
25th December 2023
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107 Views

Emefiele denies CBN corruption charges, slams private investigator

The former Governor of the Central Bank of Nigeria, Godwin Emefiele, has dismissed the allegations of corruption and theft levelled against him by a special investigation panel on CBN and other entities. The panel, headed by a private investigator, Jim Obazee, submitted its report to President Bola Tinubu after probing the CBN’s activities under […]

aadelekepdnlimited-com
24th December 2023
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91 Views

UK sets £40bn target for education exports by

Cashew industry generates over $400m from export –

Nestlé ‘recovers all plastic’ placed on Nigerian market

Tinubu approves commercial oil exploration at Tongeji Island,

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