The Federal Ministry of Agriculture and Food Security has commenced the 2023/24 dry season farming to boost production and enhance national food security. The irrigation project targets 200,000 to 250, 000 hectares of arable land, which is projected to produce …

Skyway Aviation Handling Company Plc says it has won the contract to take over the ground handling services to Ethiopian Airlines at the Murtala Muhammed International Airport. In a statement on Monday, it would be providing ramp handling services, cargo …

Dangote Refinery Company The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited. A statement from tne $20bn firm stated that the oil …

President Bola Tinubu The National Assembly has raised its 2024 budgetary allocation by 74.23 per cent to N344.85bn. This will be the highest-ever budgetary allocation to the National Assembly whose initial allocation in the 2024 budget proposal was pegged at …

Former Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema The Nigerian Exchange Group has announced the appointment of Temi Popoola as the Group Managing Director/Chief Executive Officer-designate of the group ahead of the retirement of …

The Federal Government has grown its non oil revenue by 67 per cent to approximately N4tn quarter-on-quarter, according to the Central Bank of Nigeria’s third quarter report. The report also showed that the Federal Government’s collected revenue increased by 50.1 …

Despite the skyrocketing cost of rice and the recent halt on the ban of foreign exchange for its imports, the crop is still a restricted commodity, the Nigeria Customs Service has declared. Rice, a staple food widely consumed in Nigeria, …

Nigeria is apparently launching its first regulated Naira stablecoin called cNGN following the lifting of a two-year ban on cryptocurrency trading through official channels. The new stablecoin cNGN is being developed by a consortium of Nigerian banks, fintechs, and blockchain …

• More Nigerian operators seek naira adoption Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as over a fifth of global oil trade in 2023 were completed in currencies different from the U.S. dollar. Coming at …

The volume of eNaira in circulation rose by 284.6 per cent to N9.78bn in August, according to the Central Bank of Nigeria. This is as the volume of notes and coins declined by 14 per cent to N2.65tn in August …

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that Nigeria can easily earn N10tn annually through efficient management of its non-oil assets. Oyedele stated this recently in Lagos at a stakeholders’ forum …

The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore advised the public to continue with their regular banking activities without succumbing to the …

The Home Finance Department of the Ministry of Finance, Budget and National Planning has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles. The approvals …

Tunde Lemo The Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the acquisition of Union Bank of Nigeria Plc by TTB. The TTB chairman, a former deputy governor of the …

Godwin Emefiele Embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele, has faulted allegations of stolen funds against him in the recently released report of the Special Investigator on the CBN and Related Entities. He explained his stance …

Oil worker Nigeria lost about N289.6bn crude oil revenue in November 2023 following a plunge in the country’s oil output last month, when compared to what it pumped in the preceding month of October. An analysis of the country’s latest …

Godwin Emefiele …says ex-CBN gov sold banks without payment evidence, recommends lenders’ forfeiture to FG Report reveals how former apex bank boss approved interest-free loans for cronies The report of the special investigation into the activities of the Central Bank …

The Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban on crypto transactions. This is according to a circular dated December 22, 2023, with reference number FPR/DIR/PUB/CIR/002/003, …

Godwin Emefiele, Former CBN Governor The Special Investigator probing the Central Bank of Nigeria (CBN), Jim Obazee, has discovered 593 bank accounts located in the United States, United Kingdom and China in which the Central Bank of Nigeria (CBN), under …

Yuan The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation. The resolution was sequel to the adoption …