SERAP SLAMS CBN, SEEKS REVERSAL OF ATM TRANSACTION FEES HIKE WITHIN 48-HOUR
The Socio-Economic Rights and Accountability Project has given the Central Bank of Nigeria a 48-hour ultimatum to reverse the newly announced hike in Automated Teller...
FG TO SET UP ‘POWER RANGERS’ TO STOP VANDALISM OF ELECTRICITY ASSETS – TUNJI-OJO
Nigeria has made the decision to assemble a specialised security force to guard its infrastructure and power plants. “We have decided now with the Minister...
LAGOS GOVT SIGNS MoU WITH SUMMA GROUP TO CONSTRUCT LEKKI-EPE INT’L AIRPORT
The Lagos State Government has signed a Memorandum of Understanding (MoU) with construction company, Summa Group, for the development of an international airport in the...
JUST IN: TINUBU INCREASES 2025 BUDGET FROM N49.7TRN TO N54.2TRN
President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, attributing the increase to additional revenues generated by key government...
BREAKING: EXCHANGE RATE APPRECIATES TO N1,610/$1 IN PARALLEL MARKET
The Nigerian naira strengthened against the U.S. dollar on the parallel market on Friday, closing at N1,610/$1, representing a N20 advance in a single day....
JUST IN: CBN CLEARS OUTSTANDING $7BN FX BACKLOG
Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Wednesday, announced that the Federal Government has cleared the outstanding $7bn foreign exchange following a...
FG ISSUES 25-YEAR GAS DISTRIBUTION LICENSE TO 10 COMPANIES
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has issued a 25-year gas distribution licence to 10 companies for the establishment,...
CBN SET TO COMMENCE PAYMENT OF FOREX BACKLOG
The Governor of the Central Bank, Olayemi Cardoso has announced that forensic verification to clear all pending foreign exchange backlogs is now completed and payments...
NIMC UNVEILS NEW MULTI-PURPOSE BIOMETRIC ID CARD TO BOOST SOCIAL, ECONOMIC INCLUSION
The National Identity Management Commission (NIMC) has said it will roll out an improved multi-purpose biometric identity card, soon. The Director General and Chief Executive...
BUSINESS NEWS: CBN APPROVES RELEASE OF FX CODE
The Central Bank of Nigeria (CBN) has said it has approved the release of the Nigerian Foreign Exchange (FX) Code. The apex bank also announced...