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Business & Economy
CBN revokes licenses of 4,173 BDC operators
Joseph Irikefe
The Central Bank of Nigeria (CBN), has announced revocation of operational licences of 4,173 Bureau De Change (BDCs) operators for failure to observe some regulatory provisions.
The CBN’s Acting…
How Otti ensured take off of Geometric Power
‘In 2010, Prof. Barth Nnaji came to see me in First Bank, Lagos, where I served as an ED. He needed the support of the bank to complete the project, the funding of which had been unfortunately stopped two years before, by the bank…
Over $26bn vanished through Binance without trace – Cardoso
Joseph Irikefe
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed that more than $26 billion was channelled through a cryptocurrency platform, Binance, in the last four years.
Cardoso disclosed…
BREAKING: CBN begins sale of dollars to BDCs CBN at N1, 301
Maureen Aguta
The Central Bank of Nigeria (CBN) has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operators across the country.
This is coming more than two years…
Sagay to Tinubu: Reverse Naira float to save economy
Maureen Aguta
Itse Sagay, a senior advocate of Nigeria (SAN), says President Bola Tinubu must “urgently” stop the floating of the naira as a way of addressing the economic challenges in the country.
The naira…
Arewa Economic Forum seeks fuel subsidy reversal
Arewa Economic Forum (AEF) has called President Bola Ahmed Tinubu to consider reversing the fuel subsidy removal policy.
Additionally, the AEF, which is an economic think-tank of intellectuals and business entrepreneurs of…
Makinde tackles Akpabio, denies states got additional N30bn each to fight hardship
Maureen Aguta
As the food inflation in the country hits 34 per cent, occasioned by the rising cost food and other basic needs, the Governor of Oyo State, Engr. Seyi Makinde has rebutted the claims by the President of…
N88trn debt profile: Group tasks NASS to probe spending of $3.4bn IMF loan
As Nigeria’s rapidly rising debt profile sets to hit N107trn this year, group has urged the National Assembly to probe the spending of $3.4 billion IMF loan.
Tinubu government benefiting from dollar rise against naira — Ndume
Joseph Irikefe
The Chief Whip of the Senate, Senator Ali Ndume, has alleged that the Tinubu-led government is benefiting from the naira depreciation against the dollar.
Ndume was speaking on why the naira…
Hardship: Federal, state governments legally empowered to control price of commodities, services –…
Joseph Irikefe
Human rights lawyer Femi Falana (SAN) maintains that the federal and state governments are empowered by several laws to control the prices of goods and services.
Falana spoke on the heels of the rising…