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Category: Business
Naira crashes massively against dollar 24 hours after Tinubu’s anniversary
The Naira recorded its first massive depreciation against the dollar at the foreign exchange market 24 hours after President Bola Ahmed Tinubu’s first anniversary.FMDQ data…
Nigeria’s money supply dropped to N92.3trn in March – CBN
Nigeria’s money supply dropped marginally to N92.3 trillion in March 2024 from N93.9 trillion in February.This is according to recent data from the Central Bank…
Forex Crisis: Naira appreciates twice, drops thrice in seven days
The Naira recorded two appreciations and three depreciations in the last week amid the foreign exchange crisis.The development comes as the Naira closed on Friday…
It’s safe – Nigerian govt allays fear on N20tn pension fund
The Nigerian government has said the country’s N20 trillion pension fund is safe and secure.The Minister of Finance, Wale Edun, disclosed this in a statement…
Tinubu okays payment of N3.3tn power sector debts
*Gencos, gas producers to get N1.3tn, $1.3bn via cash, promissory notes, royalties As part of the measures to tackle incessant power outages in the country,…
CNG pumps: FG may fund installation as marketers lament high cost
The Federal Government may consider assisting independent fuel marketers with funding to install Compressed Natural Gas sales pumps at filling stations across the country, Saturday…
Tinubu, Shettima, other VIPs to pay airport, parking fees
President Bola Tinubu and the Vice President, Senator Kashim Shettima, will now pay airport access toll and parking fees at any of the nation’s airports.This…
CNG: Presidential committee to commence nationwide deployment May 29
The Presidential Compressed Natural Gas Initiative, PCNGI, has announced a series of activities leading to a nationwide deployment on May 29.This is sequel to the…
Nigeria’s Dangote Refinery returns to US for 24m barrels of crude
Nigeria’s $20 billion Dangote Refinery has reportedly issued a term tender to buy two million barrels of US crude oil monthly.This is according to a…
Flutterwave blocks network breach attempt, reports perpetrators to authorities
Payment company giant, Flutterwave has blocked attempted network intrusion and reported offenders to law enforcement agenciesThe company detected unusual activities in April and carried out…