Nigeria’s grave fiscal position for the 2022 financial year became clearer yesterday, as latest data showed that of N4.26 trillion total revenue available for financing the 2022 budget in the first three quarters of last year, a colossal sum of N4.23 trillion went…
Dissatisfied with the arrest and prolonged detention of the suspended governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, a group of human rights lawyers yesterday initiated contempt action against the Director General of the Department of State Services, DSS, Mr. Yusuf…
From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira.
A circular to banks, IMTOs and the public by CBN Director, Trade and Exchange Department, O.S Nnaji,…
President Bola Ahmed Tinubu yesterday began concerted moves to attract foreign investors.
He rekindled their confidence in Nigeria’s vast economic potential and opportunities, saying that his administration has removed obstacles to growth.
Tinubu spoke in Paris, the capital of France, where he had joined…
The economic reforms of the Federal Government are attracting more global attention.
At least, three world leaders and some global financial institutions have indicated interest in discussing partnership with President Bola Tinubu in France.
The president arrived in the French capital, Paris, on…
President Bola Tinubu has arrived at the Palais Brongniart in Paris, the venue of New Global Financing Pact summit.
Upon his arrival in the company of his Aide-de-Camp, Nurudeen Yusuf, the Nigerian leader was received by the French Minister of Foreign Affairs and…
The naira appreciated by 1.79 per cent against the United States dollar on the Investor & Exporter forex window on Tuesday, closing at N756.61/$.
On Monday, local currency slumped to 770.38/$ at the close of trading on the I&E window on Monday, from…
There has been a war of words between the Arik Air management and its shareholders over alleged N120 billion fraud and attendant investigation by the Economic and Financial Crimes Commission (EFCC).
While the management insisted that nothing was amiss and that the fraud…
Leadership and Governance Canada (LGC) lnc, a Nigerian professional organisation centred on training and organising business seminars at home and abroad, has congratulated Asiwaju Bola Ahmed Tinubu on his successful inauguration as the president of the Federal Republic of Nigeria.
The group in…
The Chair of the International Air Transport Association (IATA) Board of Governors (BoG), who is also the CEO of Rwand Air, Yvonne Manzi Makolo, yesterday, said the cost of running airlines in Africa was highest in the world due to high taxes, high…