The Senate, on Wednesday, summoned Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso,…
Category: Business/Economy
$700m of foreign airlines’ cash still trapped in Nigeria, IATA tells CBN
* Bemoans Naira devaluation The International Air Transport Association (IATA) has lauded the Central Bank of…
Lagos govt issues quit notice to churches, mosques, clubhouses in residential areas
The Lagos State government has issued a 30-day quit notice to owners and occupants of residential…
Naira hits record low of N1,482.57/$1 in official window
*Higher than black market rate The freefall of the Naira continued on Tuesday, January 30, 2024…
Labour demands $300 equivalent as ‘living wage’ for Nigerian workers
Ahead of negotiation on the new national minimum wage, the organized labour has proposed a Living…
NASCON, AXA others drag down equities market as investors lose N856bn
The Nigerian equities market reversed 13 consecutive days of profit-making as investors lost N856 billion at…
Court orders Sen Victor Umeh to pay AMCON N136m debt owed defunct Skye Bank
A Federal High Court sitting in Abuja has ordered Senator Victor Umeh to pay about N136…
CBN concludes payment of verified FX backlog of foreign airlines
The Central Bank of Nigeria (CBN) said it has fulfilled its pledge to clear the backlog…
Dangote Refinery turns to US for crude oil supply
There are indications that Dangote Refinery may turn to the United States in the forthcoming months…
Tinubu orders CBN to take control of crude oil sales revenue from NNPC
President Bola Tinubu has ordered the Central Bank of Nigeria (CBN) to take over the responsibility…