Finance

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 in December 2023. The Central Bank of Nigeria, CBN, disclosed…

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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

Bank customers pay N119bn charges for e-banking services

Customers of eight commercial banks paid N119.3 billion as service charges for electronic business (e-biz) transactions in the first quarter of…

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…