Economic hardship: FG begins distribution of grains to states
President Bola Tinubu’s government has commenced the distribution of grains to states in order to cushion the hardship caused by the fuel subsidy removal and other…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Witness reveals shocking diversion of funds by FIRS official, Ita, to her private school
A prosecution witness for the Economic and Financial Crimes Commission, Ijeoma Maltida, has revealed how the Head of the Stakeholders Unit, Federal Inland Revenue Services, Emmanuella-Eteta…
2024 Budget: FCTA proposes N26.6bn for water and environment
The Federal Capital Territory Administration (FCTA) has proposed the sum of N26.6 billion to FCT Water Board and Abuja Environmental Protection Board (AEPB) to provide clean…
JUST IN: Billions of naira lost as fire guts Sokoto central market
The Sokoto Central market was gutted by fire earlier today, with the motorcycles and bicycle dealers mainly affected. An All Progressives Congress member, HB Mayana, shared…
Shortage of Nigerian passport booklets looms as FG incurs N16 billion production debt
There are strong indications that a potential problem of scarcity of e-passport booklets is looming. According to a report by Leadership, the situation is occasioned by…
BREAKING: Cardoso sacks eight directors who worked with Emefiele
Eight directors at the Central Bank of Nigeria (CBN) who worked closely with the former governor, Godwin Emefiele, have been served early retirement letters. The directors,…
JUST-IN: Nigeria’s Inflation Hits Record 31.70%
Inflationary pressure in Nigeria has continued on a rise with the National Bureau of Statistics (NBS) data showing that headline inflation rate increased to 31.70% relative…
FG Orders Binance To Provide Transaction Details Of 100 Top Users
The federal government has asked cryptocurrency trading firm, Binance, for information on its top 100 users in Nigeria as well as all transaction history for the…
JUST IN: House of Reps grills NNPC GMD over ‘missing’ $278 million
The House of Representatives Committee on Finance has raised concerns over the Nigerian National Petroleum Corporation Limited’s (NNPCL) failure to remit over $278 million. Dr Mele…
BREAKING: FG suspends student loan indefinitely
Barely 48-hours to its kickoff date, the Bola Tinubu-led government has postponed the launch of the Nigerian Students Loan Scheme indefinitely. Akintunde Sawyer, the Executive Secretary…