Finance

Cybersecurity levy’ll further pauperise Nigerians —TUC, Obi, northern coalition

THE Trade Union Congress, TUC, of Nigeria, presidential candidate of the Labour Party in the 2023 elections, Mr Peter Obi, and the Coalition of Northern Group, CNG, have condemned the cybersecurity levy…

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Oyo PDP Seeks Security Probe of Ex-Governor’s Wife Over “War” Remarks

The Oyo State chapter of the Peoples Democratic Party has called on security agencies to…

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Churches Lack Capacity to Detect Fake Anointing Oil, Clerics Tell Regulators

A coalition of senior clergy has called for stronger regulatory oversight of anointing oils, acknowledging…

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UFC Fighter Themba Gorimbo Cuts Ties with Family, Disavows Zimbabwean Identity

Zimbabwe-born UFC fighter Themba Gorimbo, the first from his country to win a fight in…

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UK PM, European Leaders Condemn Trump’s Remarks on NATO Afghanistan Sacrifices

U.K. Prime Minister Keir Starmer has denounced U.S. President Donald Trump’s recent comments dismissing the…

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NNPP Denounces Kano Governor’s Resignation as “Betrayal of Mandate

The New Nigeria Peoples Party (NNPP) has condemned the resignation of Kano State Governor Abba…

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University of Ibadan Reclaims Top Spot in Global Rankings

The University of Ibadan has been ranked Nigeria’s leading higher institution in the latest Times…

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Just for You

“New Tax Law Targets Nigeria’s Richest, Protects the Poor” – Policy Expert

A leading policy expert has moved decisively to quell widespread public anxiety, declaring Nigeria's forthcoming…

Prophet Sam Olu-Alo Urges Unity as Key to Nigeria’s Prosperity in New Year

In a departure from his annual tradition, the Planter of Christ Apostolic Church (CAC), Adamimogo…

NLC Threatens Revolt Over New Tax Laws, Citing Lack of Consultation

The Nigeria Labour Congress has issued a strong warning against the planned implementation of the…

Trump Announces U.S. Military Strikes Against ISIS in Northwest Nigeria

American forces have conducted a “powerful and deadly” strikes against Islamic State (ISIS) militants in…

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…