The federal government has revoked an additional 924 dormant mineral licences with immediate effect. According to Dele Alake, minister of solid minerals development, the affected titles include five hundred and…
Business & Economy
The Central Bank of Nigeria has resumed the sales of dollars to Bureau De Change operators.
In a circular uploaded to its website on Tuesday and signed by its Director, Trade and Exchange Department Dr Hassan Mahmud, the apex bank said it is set to sell…
Nigeria to Launch Mortgage Scheme for Diaspora by July
The Nigerians in Diaspora Commission, NiDCOM, and the Federal Mortgage Bank of Nigeria, FMBN, are set to roll out a new mortgage scheme targeting citizens living abroad. The initiative, expected…
International Monetary Fund Reviews Nigeria’s Economic Growth To Three Point Three Percent
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to three point three per cent. This revision was announced in the IMF’s…
Bureau De Change Operators Back Central Bank of Nigeria’s Directive to Stop Use of Domiciliary Accounts as Collateral for Loans
The Association of Bureau de Change Operators of Nigeria has expressed support for the Central Bank of Nigeria’s directive to banks to stop the use of domiciliary accounts as collateral…
Nigerian Electricity Regulatory Commission Fines Abuja Electricity Distribution 200 Million Naira For Electricity Tariff Violation
The Nigerian Electricity Regulatory Commission, NERC, has fined Abuja Electricity Distribution Plc, AEDC, 200 million naira over tariff violations. NERC’s on Friday in a statement via its X handle said…