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New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

EFCC Probes $347bn Forex Allocation to Firms in 10 Years

The Economic and Financial Crimes Commission (EFCC) is investigating how at least $347bn was...
News

CBN Releases $61.64 Million to Settle FX Backlog for Foreign Airlines

CBN takes action by disbursing $61.64 million to foreign airlines, aiming to resolve the FX backlog and boost the Naira's value.
Business

CBN to Crack Down on Fintech Fraud With New Guidelines

The Central Bank of Nigeria (CBN) is planning to introduce corporate governance guidelines for...
News

Naira Surges as Nigeria’s Central Bank Unifies Exchange Rates

Nigeria's naira soared by more than 27 percent against the US dollar on Monday,...
News

CBN Mandates BVN, NIN Linking, Anticipates Customer Rush

CBN’s new BVN/NIN policy expected to cause a surge in bank and NIMC office visits across Nigeria.
News

Former CBN Governor Faces Human Rights Abuse in Nigeria, US Group Says

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is being subjected...
News

Former CBN Governor Faces Six Fraud Charges in Court

Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has been...
News

Nigerians Deposit More Money in Banks as CBN Boosts Lending and Devaluation Increases Dollar Value

Nigerian banks have witnessed a surge in customer deposits this year, as the Central...
News

Naira Plummets as Nigeria’s Forex Reserves Hit 18-Month Low

The Nigerian naira has continued to lose value against the US dollar, as the...
Business

Soaring Food Prices Hit Nigerian Diets Amid Inflation

With inflation hitting 30% and the Naira trading at 1000/$, over 90% of Nigerians...
News

How Nigeria’s Naira Lost 99.92% of Its Value in 50 Years 

Nigeria’s naira currency has depreciated significantly in the past five decades, losing 99.92% of...
Business

Crypto Transactions in Nigeria Skyrocket Amid Economic Struggles

Nigeria, the continent's leading economy and top oil exporter, has experienced a 9% annual...
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News

New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

NNPCL Challenges Dangote Refinery’s Import Licence Suit

NNPCL counters Dangote Refinery’s bid to monopolize petroleum imports, arguing the suit doesn’t hold water and could be ruinous to the economy.
News

Troops’ Welfare And Nigeria’s Protection My Top Priority, Acting COAS

The Lt. Gen Oluyede is rallying the Nigerian Army to remain focused in turning the tide regarding insecurity, as the handover to the Infantry Corps happens, with priority given to troop welfare and national security.

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