Finance

N7.5bn fraud: EFCC grills 20 NSCDC contractors, 10 officers

The Economic and Financial Crimes Commission is probing 10 senior officers of the Nigeria Security and Civil Defence Corps over an alleged N7.5bn fraud. The anti-graft agency has also invited…

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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

Naira depreciates to N1, 520/$ in parallel market

The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday. Similarly, the…

CBN to sanction banks for rejecting old, small Dollar denominations

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of…

Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24

The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent to $22.88 billion in…

CBN’s Interest Rate Hike Hindering Growth, Job Creation – Dangote

The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, yesterday faulted the hike of interest rate to…

CBN will support Eurobond issue, measures to boost external reserves – Cardoso

Governor, Central Bank of Nigeria, Olayemi Cardoso yesterday said that the apex bank will support measures to boost the nation’s external…

Nigeria’s terms of trade falls 0.12%

All commodity terms of  trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the…

Foreign loans drive up capital importation by 19% to $330m

Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million…

Net forex inflow into economy falls 39% to $2.37bn

Net foreign exchange inflow into the economy fell by 39 per cent Month-on-Month, MoM, to $2.37 billion in January from $3.91…

No plan to revoke Wema, Polaris, Unity, Fidelity licences — CBN

The Central Bank of Nigeria yesterday said there are no plans to revoke the operating licenses of Fidelity Bank, Wema…

Stock investors gain N619bn in May despite rates hike

The equities market defied the persistent hike in interest rate by the Central Bank of Nigeria, CBN, at the end of…