CBN Pegs A Minimum Capital Base Of N500 Billion For Banks
The Central Bank of Nigeria (CBN) has introduced revised minimum capital requirements for banks, mandating commercial banks with international authorization to maintain a minimum...
Prices Of Cement Crash In Abuja
The prices of cement in the Federal Capital Territory (FCT), Abuja have decreased between 22 per cent and 26 per cent for a 50kg...
NNPCL Refutes Rumors of Fuel Price Adjustment
The Nigerian National Petroleum Company Limited (NNPCL) has quashed rumors circulating on social media regarding a potential decrease in the pump prices of Premium...
FG, States, LGs Share N1.15 Trillion From February Allocation
In the latest meeting chaired by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, the Federation Account Allocation Committee (FAAC)...
Presidency Advises Forex Speculators to Dump Dollars
Amidst recent fluctuations in the exchange rate of the Nigerian naira against major currencies like the dollar, the presidency has expressed optimism about the...
NNPCL Vows To Use Gas To Trigger Nigeria’s Industrialisation, Economic Development
The Nigerian National Petroleum Company (NNPC) Ltd has stressed its commitment towards utilizing the abundant gas resources to trigger Nigeria’s industrialisation and economic development.
The...
How We’re Stabilizing Exchange Rate, Curbing “Imported Inflation” – CBN Spokesperson
Spokesperson of the Central Bank of Nigeria (CBN), Mrs Hakama Sidi Ali has identified the clearing of the foreign exchange transactions backlog as part...
CBN Urges Vigilance Against Fraud
The Central Bank of Nigeria (CBN) has urged Nigerians to educate themselves and their children about the tactics of fraudsters and scammers to safeguard...
We’re Still Battling Fuel Subsidy Beneficiaries – President Tinubu
President Bola Tinubu has given a strong indication that his government is still battling with beneficiaries of the fuel subsidy which he removed on...
Nigeria’s Inflation Climbs To 31.7%, Highest In 28 Years
The National Bureau of Statistics (NBS) has announced a significant year-on-year increase in Nigeria's headline inflation rate, soaring to 31.7% in February 2024 from...
