The naira has risen to one thousand one hundred and twenty naira against the dollar as the foreign exchange market reacted to news that the Central Bank of Nigeria has…
Business & Economy
President Tinubu Seeks Senate Approval for 2022-2024 Borrowing Plan
President Bola Tinubu has asked the Senate to approve the sums of 7.8 billion dollars and 100 million euros in his administration’s proposed 2022–2024 borrowing plan. Tinubu’s request was made…
Passport applicants accuse NIS officials in Abuja of extortion
Some Nigerians who applied for international passports have accused personnel of the Nigerian Immigration Service (NIS) Abuja passport office, of massive extortion. The passport applicants said nothing much has changed…
Investments in Oil Sector Uncertain despite PIA – Operators
Operators in Nigeria’s oil and gas sector have said there was still uncertainty with respect to investments in the industry despite the enactment of the Petroleum Industry Bill about two…
Tinubu Calls For Two Trillion Naira Discos Recapitalization, Tariff Review
President Bola Tinubu has revealed that Nigeria’s power sector privatization had failed to meet its objectives, as the national grid was serving only about fifteen percent of the country’s electricity…
CBN Clarifies Plans to Restructure, Redenominate Naira
The Central Bank of Nigeria (CBN) has dismissed rumors suggesting any plans for the redenomination of the Naira, set to take effect from January 2024. The response from the CBN…