Tinubu Addresses WEF: Nigeria’s Subsidy Removal to Prevent Economic Collapse
President Bola Tinubu delivered a keynote address at the World Economic Forum (WEF) in Riyadh, Saudi Arabia, on Sunday, highlighting...
Naira Records 10% Surge Against Dollar Amid EFCC’s Crackdown on Speculators
The naira experienced a significant turnaround over the weekend, marking a notable gain of 10% against the US dollar. The...
CBN Sells Discounted Dollars to BDCs, Sets New Exchange Rate
The Central Bank of Nigeria (CBN) has once again intervened in the foreign exchange market by selling discounted dollars to...
First Bank Appoints Olusegun Alebiosu as Acting CEO
First Bank of Nigeria Limited has named Mr. Olusegun Alebiosu as its Acting Chief Executive Officer, effective immediately, following the...
IPMAN Foresees Further Drop in Diesel Price to N700/Litre Following Dangote Refinery’s Price Cut
The Independent Petroleum Marketers Association of Nigeria (IPMAN) anticipates a potential reduction in the price of diesel to approximately N700...
FG Engages Neighboring Countries on Border Reopening Amid Decline in Commodity Prices
The Federal Government has provided an update on its consultations regarding the potential reopening of Nigeria's land borders. This announcement...
IMF Projects Nigeria’s Inflation Rate to Decline to 23% by 2025
In a significant revelation at the International Monetary Fund/World Bank Spring Meetings held in Washington D.C., the IMF has unveiled...
WEMA Bank Fraud Hits ₦685 Million in 2023
In response to a significant fraud and forgery loss of ₦685 million ($594,943) in 2023, Wema Bank, a prominent Nigerian...
Ten Banks’ Restricted Deposit with CBN Hits N17.1tn
The restricted deposit held by ten banks with the Central Bank of Nigeria (CBN) surged to N17.1 trillion in 2023,...
UBA Confident in Meeting N500bn Capital Base
United Bank for Africa (UBA) Plc has assured its investors of its capability to meet the new capital base set...
