Business & Economy
CBN confirms completion of settlement of all outstanding verified FX claims by foreign Airlines
In continuation of its effort to clear the backlog of foreign exchange in key sectors of the economy, the Central...
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UPDATED: ALSCON: Implications of the Supreme Court’s ruling and the way forward
By Bassey Udo On Friday, January 26, 2024, the Supreme Court sent the former Director-General of the Bureau of Public...
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FX market distortion: CBN warns against reporting inaccurate, misleading data
The Central Bank of Nigeria (CBN) on Monday warned authorised dealers in foreign e, change and their customers against reporting...
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CBN injects $500m to settle confirmed cumulative FX liabilities in key sectors
To offset cumulative foreign exchange liabilities weighing down growth in the country’s economy, the Central Bank of Nigeria (CBN) on...
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Reconstructing the truth in NNPC Ltd’s 2022 Audited Accounts
By Waziri Adio NNPC Limited, Nigeria’s national oil company, released its 2022 audited financial statement late Thursday. The audited statement...
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Despite declaring N2.52trn profit in 2022, NNPC spent over 76% of income on petrol imports, other costs, report reveals
Despite declaring a profit after tax of N2.52trillion, the Nigerian National Petroleum Company Limited, and its affiliates as a Group...
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Supreme Court sends former DG BPE, Okoh to jail for 30 days over ALSCON
The embattled former Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, was on Friday sentenced by the Supreme...
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Kashimbilla power 40MW output to facilitate SMEs development in Taraba, Benue – Minister
Additional 40 megawatts of electricity generation from the Kashimbilla hydro power plant would facilitate the development of small and medium...
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Uwaleke named Special Adviser to Chairman Senate Committee On Banking
Renowned Professor of Finance and Capital Markets, who is also a former Commissioner of Finance in Imo State, Uche Uwaleke...
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Partners meet to expedite final investment decision on Nigeria-Morocco Gas Pipeline
Partners in the multi-billion Naira Nigeria-Morocco Gas Pipeline are in crucial meeting to fast-track the process towards achieving the Final...
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