FG backtracks, admits powerful Nigerians behind illegal mining, terrorism
Despite consistently blaming foreign illegal miners for sponsoring banditry and terrorism in the country, the Federal Government yesterday made a U-turn when it accused some…
Business
Investors gain N130bn amid moderation in trade volume, deals
Trading activities on the Nigerian Exchange Limited moderated on Tuesday even as the investors gained N130bn at the close of trading. Both the All-Share Index…
Sanusi carpets NNPCL, doubts dollar remittance after subsidy removal
•Ex-emir entitled to his opinion, NNPCL remains focused, says spokesman A former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has advised President…
FG budgets N138m to tackle fake news, print calendars
The Federal Government, through the Federal Ministry of Information and National Orientation, will be spending N138,066,187 to combat fake news and print calendars. Part of…
Uproar over Nigeria’s 1,411-man delegation to COP-28
LAGOS — Criticisims yesterday, greeted the high number of delegates Nigeria sent to the ongoing Conference of the Parties, COP28 climate summit in Dubai, United…
South African billionaire family buys Nigeria’s top can-maker firm
A South African billionaire family popularly known as Oppenheimer has acquired a controlling stake in one of Nigeria’s prominent can makers, GZ. The acquisition was…
US judge halts pending TikTok ban
A federal judge on Thursday temporarily blocked a ban on TikTok set to come into effect next year in Montana, saying the popular video sharing…
Nations urged to phase out fossil fuels at UN climate talks
The United Nations climate conference opens in Dubai on Thursday with nations urged to increase the pace of action on global warming and phase out…
AFC presents 2024 Draft Budget before ECOWAS Parliament for consideration
The Chairman of the Administration and Finance Committee (AFC) of the Economic Community of West African States (ECOWAS), Yakubu A. Dadu, has presented a draft…
Banking consolidation: Mega banks boast N10tn capital base, others seek fresh investors
As the Central Bank of Nigeria’s proposal to initiate a new banking sector consolidation raises concerns among some industry operators, findings indicate that major banks…
Naira drops to N956/$ as dollar supply falls by 46%
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is…
Naira scarcity hits Kano, Sokoto, Edo, others
Despite recent assurances by the Central Bank of Nigeria that there is enough naira in circulation, reports of scarcity have emerged across the country.A survey…