Court convicts Bank PHB’s Francis Atuche, Ugo Anyanwu of ₦25.7 bilion theft
A Lagos State High Court sitting in Ikeja on Wednesday sentenced the former Managing Director of defunct Bank PHB, Francis Atuche and a former Chief…
Gunmen kidnap 4 Chinese railway workers in Ogun, kill policeman
No fewer than four people have been kidnapped by some gunmen suspected to be kidnappers in Alaagba village in Ogun State. Daily Post reports, that…
Nigeria’s reserves drops by $1.4bn in two months
Nigeria’s external reserves drop by $1.4bn in two months, falling from $35.25bn as of April 16, to $34.23bn as of May 31 and $33.85bn as…
World Bank advises CBN to adopt clear forex policy
The World Bank on Tuesday advised the Central Bank of Nigeria (CBN) to provide a clearer and more predictable foreign exchange (forex) management policy for…
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Nigeria’s Central Bank to print Gambian Currency
The Central Bank of Nigeria, CBN, says it is ready to mint the Gambian Dalasi at the Nigerian Security Printing and Minting PLC (NSPMC) facility…
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Adamu Garba’s Instagram account suspended
Adamu Garba loses his Crowee app Instagram account. Ceo of IPI solutions and the owner of the dysfunctional Crowee app’s Instagram account has been suspended…
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MTN warns of service disruption in Nigeria
MTN has warned that its service in Nigeria could be disrupted as a result of rising insecurity in different parts of the country. The South…
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2nd Niger Bridge opens for traffic February 2022 – FG
The Managing Director and Chief Executive of National Inland Waterways, NIWA, Chief George Moghalu, has said the 2nd Niger Bridge would be opened to traffic…
CBN to introduce digital currency in Nigeria
The Central Bank of Nigeria (CBN) has revealed plans to introduce digital currency before the end of 2021.
Buhari to inaugurate Lagos-Ibadan rail service
President Muhammadu Buhari is expected in Lagos today (Thursday) for a presidential visit to inaugurate the Mobolaji Junction Railway Station at Ebutte Meta. Governor Babbajide…
Importers, agents groan as Customs adopt N404.97/$1 as new import duty rate
Importers in the country are to pay more, as the Federal Government, through the Central Bank of Nigeria (CBN) adopts a higher exchange rate band…
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President Buhari receives first ever Made-in-Nigeria Mobile Phone (Photos)
Nigeria’s President, Muhammadu Buhari on Wednesday received the first ever Made-in-Nigeria Mobile Phone. The President received the mobile device at a virtual Federal Executive Council…
Twitter ban should be reversed immediately – US Mission Nigeria
The United States is increasing the pressure on the President Muhammadu Buhari-led administration after the suspension of Twitter in Nigeria. On Wednesday, the US Mission…
Northern traders threaten to cut off food supply nationwide
The Amalgamated Union of Foodstuffs and Cattle Dealers in Nigeria (AUFCDN) has threatened to resume its strike and cut off food supply nationwide to protest…
UK businesses in Nigeria ask FG to provide more forex
United Kingdom companies operating in Nigeria on Thursday asked the federal government to provide more foreign exchange (forex) for them to meet their financial obligations.
One dollar now N499, Euro N605, British pounds N703
The pressure on the Nigerian currency continues to mount, as it is currently one step away from entering the N500/$1 mark on the parallel market…
Gunmen kidnap Igbo trader in Kano – Police
Gunmen kidnapped a businessman, Emmanuel Eze, in Kore town in Danbatta Local Government Area of Kano State on Thursday. Police spokesman in the state, DSP…
Nigeria has 9,100 dollar-millionaires, worth $207bn
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million dollars and a combined total wealth of approximately $207 billion, as at December 2020.