HomeNews

News

Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

Nigerian Student Breaks Record for Longest Catwalk

Ololade Ayelabola sets a new world record for the longest catwalk, covering 130.62km to elevate Nigeria's fashion industry on the global stage.

Keep exploring

Nigeria Advances $1 Billion Sale of Five Power Plants

Nigeria is finalizing the sale of five key power plants in a $1.15 billion deal to enhance its energy sector and economic growth.

Dangote Accuses IOCs of Undermining Nigerian Refinery

Dangote accuses international oil firms of plotting against its Nigerian refinery, calling for government intervention.

Nigeria Faces Rising Engine Oil Costs Amid Forex Crisis

Nigeria's engine oil prices soar due to refinery absence and forex crisis, leading to an influx of fake products and endangering millions of vehicles.

Locally Sourced Gold Injects N6bn into Nigerian Economy

The National Gold Purchase Programme has injected N6 billion into Nigeria’s economy through locally sourced gold, strengthening foreign reserves and supporting local miners.

Lagos DPP Drops Charges Against Community Chief Owonla

Lagos DPP dismisses charges against Chief Moruf Owonla, a community leader, following the emergence of new evidence in a land dispute. The evidence confirms Owonla's rightful claim to the land.

 Tinubu Applauds $5M Boost in Foreign Reserves from Gold Transaction

President Tinubu celebrates a $5 million gold transaction, marking a significant milestone in Nigeria's economic diversification under the Renewed Hope Agenda.

US Lawmakers Push for Release of Detained Binance Executive

US lawmakers are pushing for the release of a detained Binance executive, emphasizing the need for fair treatment and transparency in the legal proceedings. The case highlights significant concerns over international regulatory compliance and due process.

Nigerians to Start Using Three-in-One ID Card in August

Nigeria will introduce a three-in-one identity card in August, integrating identity, financial, and social services into a single card, according to NIMC

Outcry Over Governors’ Remarks on Proposed N60,000 Minimum Wage

Nigerians criticize governors for dismissing proposed N60,000 minimum wage as unrealistic, calling the move insensitive amid economic hardships.

Police Defy Governor’s Orders on Deposed Emir

A tense standoff has emerged in Kano, Nigeria, between the police and the governor over the eviction of the deposed Emir. The Emir remains in his residence as the court date approaches.

Nigeria’s Minimum Wage Crisis Deepens: Strike Disrupts Economy

Nigeria's unresolved minimum wage crisis led to a two-day strike, causing significant economic disruptions. Urgent action is needed to prevent further damage.

Nigeria’s Debt Surges by N24.33 Trillion in First Quarter

In the first quarter of 2024, Nigeria's total debt stock rose sharply by N24.33 trillion, reaching N121.67 trillion.

Latest articles

Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

Nigerian Student Breaks Record for Longest Catwalk

Ololade Ayelabola sets a new world record for the longest catwalk, covering 130.62km to elevate Nigeria's fashion industry on the global stage.

Nigeria Pledges 25% Cut in Post-Harvest Losses for Food Security

Nigeria commits to reducing post-harvest losses by 25%, boosting food security and jobs through the Special Agro-Industrial Processing Zones initiative.

Dangote Refinery Set to Take 400,000 Barrels of Nigerian Crude Per Day

Dangote Refinery is set to process 400,000 barrels of Nigerian crude oil per day, marking a significant step toward reducing the country’s dependence on imported refined fuel and improving energy security.