Tinubu Considers Suspension of Import Duties on Essential Goods to Combat Inflation
The Federal Government of Nigeria is preparing to implement a temporary suspension of import duties on essential goods such as...
Naira Stable as Dollar Sales Surge by 94.46% in FX Market
The Nigerian naira demonstrated stability across various foreign exchange (FX) markets on Tuesday, despite a significant surge in dollar sales...
First Bank Recovers N456 Billion Loan from Heritage Bank Before License Revocation
In a significant financial development, First Bank has successfully recovered a substantial N456 billion loan from Heritage Bank. This repayment...
FG to Reduce Petrol Imports by $4.4 Billion Annually with Compressed Natural Gas Initiative
The Nigerian government announced plans to significantly reduce the importation of Premium Motor Spirit (PMS), commonly known as petrol, by...
Fitch Ratings Projects Naira to Settle at 1,450/$ by December
International credit rating agency Fitch Ratings has forecasted that the Nigerian currency, the naira, will end the year at 1,450...
Top Story: NLC and TUC Suspend Nationwide Strike for Five Days
In a significant development, the National Labour Congress (NLC) and the Trade Union Congress (TUC) have suspended their nationwide strike...
NDIC Assures Heritage Bank Depositors: How to Reclaim Insured Funds
The Nigeria Deposit Insurance Corporation (NDIC) has taken decisive action by initiating the liquidation process for Heritage Bank Plc. This...
NDIC begins refund, highest depositors to get N5m
On the 4th of June 2024, the Nigerian Deposit Insurance Commission (NDIC) has initiated the refund process for the failed...
FX Turnover Plummets by 42.92% on the Inaugural Trading Day of June
In a surprising turn of events, the Nigerian official foreign exchange (FX) market experienced a substantial downturn in turnover, plummeting...
Nationwide Strike Paralyzes Nigeria as NLC and TUC Protest Over Electricity Tariff Hike and Wage Disputes
Workers across Nigeria have downed tools as the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) commenced an...
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