Finance

Defense Headquarters Debunks Rumoured Capture Of Terrorist, Bello Turji

The Defence Headquarters (DHQ) has debunked reports claiming notorious bandit leader, Bello Turji has been arrested. Director of Defence Media Operations, Major General Edward Buba, clarified that the widely circulated…

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Obidient Movement Announces Alignment With Nigeria Democratic Congress (NDC)

The Obidient Movement has announced the next phase of its political engagement, declaring alignment with…

Lagos Court Clears EFCC Statement for Use in Emefiele Case

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on Monday ruled…

AGF Fagbemi Declines to Intervene in ‘Justice Crack’ Bail Appeal

The Minister of Justice and Attorney General of the federation, Lateef Fagbemi SAN has reportedly…

LATSMA Meet Dispatch Riders In Bid To Curb Rampant Road Crashes

The Lagos State Traffic Management Authority, LASTMA, has intensified efforts to address the rising incidence…

Nomadic Politicians – A Poem by Bolutife Oluwadele

Ọ̀ga mi ṣojú mi wáí 🎼🎼🎷🎹 Ẹ̀rù rẹ é le bànìyàn 🎼🎼🎷🎹 Ọ̀ga mi pojú…

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PDP NEC Inaugurates Interim Committee Amid Leadership Dispute

Oyo State Governor, Seyi Makinde, has called on the Independent National Electoral Commission, INEC, to…

Just for You

Nigerian Government Cast Aside U.S Security Worries

The Federal Government has assured citizens and the international community that Nigeria remains safe, following…

Federal Government’s New Terror List Spark Calls for Prompt Action

The publication of 48 individuals and 12 entities allegedly linked to terrorism financing has renewed…

Artemis II Crew Returns Safely After Historic Lunar Mission

Astronauts on Artemis II have safely returned to Earth, bringing their landmark 10-day journey to…

Oyo Govt Warns Residents Against Blocking Drainages as Rains Intensify

The Oyo State government has issued a strong warning to residents on the need to…

Lasted Finance

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.…

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…