Finance

Naira depreciates further as dollar sales to BDCs wobble

The declining fortunes of the Naira persisted yesterday with further depreciation in the parallel and official markets due to the re-emergence of speculation and hoarding, even as some Bureaux De Change, BDCs…

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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

More Pressure On Naira Ahead Possible Interest Rate Hike

Financial experts have said there are concerns that the Central Bank of Nigeria (CBN) low net FX reserves and the…

CBN withdraws circular on cybersecurity levy

The Central Bank of Nigeria has retracted its directive asking banks and payment service providers to collect and remit the…

Crypto exchanges begin delisting Naira from P2P platforms, says SEC

The Securities and Exchange Commission, SEC, yesterday, disclosed that crypto exchanges have commenced delisting of the Naira from Peer-to-Peer (P2P) trading…

Terrorists using unsuspecting cryptocurrency traders – Olukoyede

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that unbeknownst to young cryptocurrency traders in…

Experts counter FG’s plan to access N20tr from pension fund

Experts in the pension sector have countered the plan by the federal government (FG) to tap about N20 trillion from pension…

Senate approves Tinubu’s request of $500m loan for BPE

THE Senate has approved President Bola Tinubu ‘s loan request amounting $500 million in favour of the Bureau of Public Enterprises,…

Naira depreciates to N1,530/$ at parallel market

The Naira further depreciated to N1,530 per dollar at the parallel market on Wednesday, May 16th, 2024 in contrast to…

Forex Crisis: SEC Pledges To Cooperate With EFCC

The Securities and Exchange Commission has pledged to work with the Economic and Financial Crimes Commission in a bid to…

Nigeria records 133 investment commitments in 3 projects — World Bank

The World Bank yesterday said Nigeria recorded 133 private sector investment commitments in three projects in 2023. The World Bank disclosed…

Foreign missions using third parties for dollar transactions – EFCC

The Economic and Financial Crimes Commission on Tuesday revealed that some foreign missions in Nigeria were using third parties to…