Buhari Approved Release of $6.2m For Payment Of Election Observers- CBN Director
Michael Onyeka Ogbu, a senior officer at the Central Bank of Nigeria (CBN), has provided an explanation for why, before to the most recent general elections, the top bank disbursed $6,230,000 to cover the cost of paying some foreign poll observers Read More
N3.5bn Revenue: LP In Fresh Crisis As Treasurer Accuses Abure Of Blocking Audit Of Party’s Account
One of Nigeria’s main opposition party, Labour Party has been hit with a fresh crisis as the National Treasurer of the party, Mrs Oluchi Oparah, on Monday accused the National Chairman, Julius Abure of blocking all attempt to block audit of the party funds of over N3.5bn being proceeds of sale of forms and sundry fundraisers for the 2023 general elections. Read More
$6 Billion Mambilla Project: Agunloye’s Preliminary Objection Not Heard By Court
Olu Agunloye, who is connected to the purported $6 billion Mambilla Hydroelectric Power Station scam, filed a preliminary objection, which was denied a hearing on Monday at the Federal Capital Territory High Court in Apo, Abuja. Read More
Anxiety As Fresh Attack Rocks Plateau Villages, Four Killed
A fresh attack by suspected herdsmen on two villages of Miango district of Bassa Local Government Area of Plateau State has left at least four people dead. Read More
CBN Hikes Customs Duty Rate Twice In 3 Days
The Central Bank of Nigeria (CBN) has increased the currency rate used to calculate customs taxes at the country’s seaports for the second time in three days. Read More
Indian Investors $25 Million Green Light
Indian businessmen have been given permission to invest $25 million in the Nigerian economy, a historic decision that may completely alter the country’s financial scene. Read More
Why IMF Advised CBN To Raise N2 Trillion Through OMO Bills In The Next 12months
The Central Bank of Nigeria has been recommended by the International Monetary Fund (IMF) to increase its OMO bill by up to N2 trillion over the course of the next year in order to absorb excess liquidity in the economy and control inflation. Read More
Nigeria Gets About 105 New Drug Manufacturing Facilities Amidst Multinational Exits
In the midst of international pharmaceutical corporations leaving Nigeria, the National Agency for Food and Drug Administration and Control (NAFDAC) has revealed that 105 applications for the development of drug manufacturing facilities around the nation have been approved. Read More
Shell Supplies Port-Harcourt Refinery 475,000 Barrels Of Crude Oil
From Bonny Oil & Gas Terminal (BOGT), Shell Petroleum Development Company of Nigeria (SPDC) Limited reports that it has finished supplying the Port Harcourt Refining Company Limited (PHRC) with approximately 475,000 barrels of crude oil. Read More
FIRS Not Going After Taaoma, Mr Macaroni, Other Skit Makers And Influencers Over Tax Payment
Skitmakers, influencers, and other creators of digital material are not going to be subject to taxes, according to the Federal Inland Revenue Service (FIRS). Read More
