NIGERIA’S TRANSPORT INSTITUTE SIGNS MOU WITH MALAYSIAN UNIVERSITY
By Adeola Abdullah Nigerian Institute of Transport Technology (NITT) and the Universiti Teknologi Malaysia (UTM) have signed a Memorandum of Understanding (MoU) in support of...
ACCIDENTED VEHICLES FLOOD NATION’S MARKET AS COST OF ‘TOKUNBO’ RISE BY 100%
Importers of used vehicles also known as Tokunbo have now resorted to the importation of accidented cars following the astronomical rise in the cost of...
FG SPENDS N18.39BN ON PETROL SUBSIDY DAILY – MINISTER OF FINANCE SAYS
The Minister of Finance Budget and National Planning, Zainab Ahmed, has said that the Federal Government is spending N18.39bn daily on fuel subsidy which is...
NIGERIAN STOCKS SHED 0.29% AS INVESTORS, REACT TO NEWS OF EMIRATES’ INABILITY TO MOVE FUNDS
Investors at the Nigerian Stock Exchange {NGX} Limited, and partially; foreign portfolio investors {FPIs} have reacted negatively to the shocking announcement that Emirates Airlines would...
EMIRATES SUSPENDS ALL NIGERIAN FLIGHTS OVER $85M BLOCKED FUNDS
Emirates Airlines has announced their suspension of flights from Nigeria with effect from September 1 2022. The decision was due to inability of the airline...
CBN INCREASES INTEREST RATE ON SAVINGS DEPOSIT TO 4.2%
The minimum interest rate on savings deposits has been increased by the Central Bank of Nigeria (CBN) to 4.2 percent from 0.15 percent, which is...
JUST IN: SENATE TO SUMMON CBN GOVERNOR EMEFIELE OVER DEVALUATION OF NAIRA
The Senate announced on Wednesday that it would call on Godwin Emefiele, the governor of the Central Bank of Nigeria, in response to the inflation...
RT200: SANWO-OLU ADVOCATES ECONOMIC DIVERSIFICATION, NON-OIL EXPORTS
By Adeola Abdullah Lagos State Governor, Mr. Babajide Sanwo-Olu, has reiterated the call for economic diversification in Nigeria, saying that the country should shift from...
LAGOS STATE SERVES ALABA RAGO OCCUPANTS EVICTION NOTICE, GIVES 14-DAYS ULTIMATUM
After months of negotiations between the Lagos State Government and representatives of Alaba Rago market occupiers over the market's modernisation, the government has given the...
NIGERIANS BEGIN PAYMENT ON CASH DEPOSITS TODAY
Joseph Omoniyi In a bid to further promote the cashless economy and to enhance the collection of applicable government revenues, the Central Bank of Nigeria,...