FX crisis
8 Nov
The new chairman of WEMABOD Limited, Nureni Adisa, has unveiled what he called a five-strategic development plan for the company
1 Nov
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday revealed a new government policy that would permit Nigerians who currently hold dollars outside the formal banking system to return those funds into the financial system.
1 Nov
Though MTN Nigeria Plc recorded N4.1 billion profit in quarter three (Q3), the firm still posted N514 billion loss.
21 Aug
Chairman of the Manufacturers Association of Nigeria (MAN), Apapa Branch, Raphael Danilola, has expressed worry over the fate of existing industries, saying that if the problems of FX scarcity, raging insecurity and the harsh
26 Jul
High production costs, excessive taxes, inconsistent policies, lack of capital, inflation and limited access to foreign
27 May
The spike in the forex market that snowballed into unending instability is reverberating in key sectors of the economy.
24 May
All manufacturing indicators recorded negative changes in the first quarter majorly due to the prolonged foreign exchange (FX) crisis, escala
8 May
The adoption and usage of Nigeria’s .ng rose by 16.5 per cent in the last one year. According to data obtained from April 2023 and April 2024, adoption rose by 31,605, from 191, 215 to 222,820.
6 May
Manufacturing companies, especially those under the Fast-Moving Consumer Goods (FMCG) sector, have extended last year's losses into the first quarter (Q1) with financial reports of four firms in the sector reporting combined foreign exchange (FX) losses of about N300 billion.
30 Apr
A Federal High Court, Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts belonging to individuals and companies over allegations bordering on unauthorised dealing in foreign exchange, among others.
29 Apr
A Federal High Court, Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1, 146 bank accounts belonging to individuals and companies over allegations bordering on unauthorised dealing in foreign exchange, among others.
Latest
29 mins ago
Gov. Babajide Sanwo-Olu of Lagos State, has assured indigenes of the state of his administration’s resolve to ensure enrolment of more youths into the various military formations. Sanwo-Olu, who gave the assurance on Monday at the departure ceremony of the 88 Regular Recruit Intakes (RRI) from Lagos State, said enrolment of more youths…
37 mins ago
The Jigawa State House of Assembly, on Monday, passed the 2025 Appropriation Bill of N698 billion. The passage followed the adoption of the report of the House Standing Committee on Appropriation at plenary in Dutse. Presenting the report, the Chairman of the Committee, Ibrahim Hamza, (APC-Malam Madori), said the budget comprised N90.73 billion personnel cost,…
39 mins ago
Francis Nwifuru of Ebonyi says that God used the Minister of Works, Sen. David Umahi to make him the state’s governor in 2023. Nwifuru said this on Monday when both attended mpowerment programme by member representing Ohaoazara/Onicha/ Ivo Federal Constituency in the House of Representatives, Hon. Nkemkanma Kama, at Ishiagu, Ivo Local Government Area of…
42 mins ago
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has expressed satisfaction with the progress recorded so far in infrastructure development in the FCT in the last 12 months. Wike stated this after inspection of an ongoing road construction in Gishiri and construction of Judges’ Quarters in Abuja on Monday. The minister, who…
46 mins ago
A Federal High Court in Abuja on Monday, ordered the temporary forfeiture of the sum of 49, 700. 00 US dollars allegedly recovered from Dr Nura Ali, former Resident Electoral Commissioner (REC), Independent National Electoral Commission (INEC), for Sokoto State in the 2023 general elections. Justice Emeka Nwite gave the order after Osuobeni Akponimisingha, counsel…
49 mins ago
Gov. Ademola Adeleke of Osun, on Monday, assented to the N427,746, 925,170 budget passed by the legislature for year 2025 into law. Adeleke after signing the budget directed the state’s Ministries, Departments and Agencies (MDAs) to ensure its full implementation for the benefits of the people. “We are here to further demonstrate our readiness to…
51 mins ago
The Federal Government has announced plans to collaborate with the Nigerian Navy to achieve its target of 3 million barrels per day (bpd)
53 mins ago
Gov. Monday Okpebholo of Edo has approved the change of name of the Edo State University, Uzairue to Edo University, Iyamho. This is contained in a statement on Monday in Benin, by the Secretary to the State Government, Mr Umar Ikhilor. According to Ikhilor, the change of name takes immediate effect. READ ALSO:Rescue…
57 mins ago
The Police Command in Benue has nabbed no fewer than 273 persons for alleged capital offences and charged 250 of them to court within eight
58 mins ago
Two persons died while five others sustained injuries in an accident on the Lagos-Abeokuta Expressway on Dec. 26, the Ogun Traffic Compliance and Enforcement Corps (TRACE) has said. Mr Adekunle Ajibade, South-West Zonal Commander of TRACE, in a statement issued on Monday in Ota, attributed the accident to brake failure. Ajibade explained that a truck…