Finance

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Gospel Music Icon Toun Soetan, Composer of ‘Darling Jesus’, Dies at 73

Veteran Nigerian gospel singer and songwriter Toun Soetan, popularly known as Evangelist Shouet, has passed…

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Tinubu Urges Media to Scrutinise States, LGs as Financial Autonomy Expands

President Bola Tinubu has called on media executives to extend the same level of scrutiny…

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Oyo Teachers Hold Solemn Assembly, Pray for Peace, Security

Teachers in Oyo State have been urged to be steadfast in prayers for the State…

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US Defense Chief Says Iran’s New Leader Khamenei Wounded After Strikes

US Defence secretary Pete Hegseth says Iran’s new Supreme Leader, Mojtaba Khamenei, was wounded and…

Nigerian Students Urged To Uphold Credibility as Ondo School Holds Annual Press Day  

Students of Oyemekun Grammar School have been urged to uphold credibility and responsible communication as…

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Lagos Government Warns Residents Ahead of Heavy Rain Fall From Month End

  The Commissioner for Environment and Water Resources, Tokunbo Wahab has urged residents to brace…

Just for You

Adamimogo 105.1FM Marks Second Anniversary in Ibadan

Ibadan-based radio station Adamimogo 105.1FM has celebrated two years of broadcasting, as attained a new…

Olu-Alo Backs INEC’s 2027 Election Date Despite Ramadan Clash

Founder of Christ Apostolic Church, Grace and Mercy Prayer Mountain Worldwide, Prophet Sam Olu-Alo, has…

Power Crisis Grounds Surgeries as UCH Workers Begin Five-Day Strike

Healthcare services at the University College Hospital (UCH), Ibadan, were thrown into disarray yesterday as…

INEC to Review Electoral Act, Promises Revised Timetable for 2027 Polls

The Independent National Electoral Commission (INEC) has indicated that it will reassess the Electoral Act…

Lasted Finance

Foreign education forex allocation tumbles 83% — CBN

Nigerians spent $38.17m on foreign education between January and March 2024, according to data from the Central Bank of Nigeria’s…

Reconsider 70% forex windfall tax, stakeholders tell FG

Opposition to the imposition of a 70 per cent foreign exchange windfall tax on commercial banks rose yesterday with stakeholders…

FG’s deficit spending falls 29% to N2.83trn in Q1’24

The Federal Government  recorded a   29 percent year-on-year (YoY) decline in deficit spending to N2.83 trillion deficit in the first quarter…

NACCIMA, others kick as CBN hikes interest rate to 26.75%

The Central Bank of Nigeria, CBN yesterday intensified its efforts to curb rising inflation as it announced further hike in its…

CBN resumes dollar sales to BDCs, halts Naira depreciation

The Central Bank of Nigeria, CBN yesterday, announced the resumption of dollar sales to bureaux de change, BDCs, a development that reversed…

Illicit financial outflows cost Nigeria, others $50bn annually – Shippers’ Council

Nigeria and other African nations are losing $50 billion a year to illegal financial outflows, according to the Nigerian Shippers’…

Insurers’ assets hit N3.3trn as premium income rises by 51%

Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per…

Global growth remains unchanged at 3% in 2024 – IMF

The International Monetary Fund (IMF) says global growth is projected to remain unchanged at 3.2 per cent in 2024 and…

Poverty alleviation: Court orders Buhari’s minister to explain N729bn disbursement

Justice Dehinde Dipeolu of the Federal High Court in Lagos has directed the former Minister of Humanitarian Affairs, Disasters Management…

Banks recapitalization will increase loans, advances — Proshare

Analysts at Proshare Nigeria, an online news media, have projected increased bank loans and advances among other things following banks’ recapitalization.…