Navy Impounds N1.05bn Worth of Crude Oil in One Week
The Nigerian Navy (NN) says the troops of Operation Delta Sanity have intercepted 4,036.7 barrels of crude oil and 270,600…
Protests over High Prices: No Food Shortage in Nigeria —FG
The Chief of Staff to the President, Mr. Femi Gbajabiamila, met behind closed doors with the National Security Adviser, NSA,…
Nigerians Seek Relief As States Get N3.3tn Allocations
Statutory allocations from the Federal Account Allocation Committee to the 36 states and 774 local government areas from July to…
Illegal Refineries Should Be Licensed Not Destroyed – NULGE
The Nigeria Union of Local Government Employees has appealed to the Federal Government to stop the Navy from destroying refining…
CBN Orders Banks to Sell Excess Dollars in 24 Hours
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money…
N200,000 Minimum Wage No Longer Realistic – Labour
The Nigerian Labour Congress said on Tuesday that the N200,000 minimum wage it earlier proposed to the Federal Government was…
Forex Scandal: EFCC Probes $347bn Funds, Summons Foreign Firms
The Economic and Financial Crimes Commission is investigating at least $347bn allocated to companies in Nigeria between January 2014 and…
CBN May Raise Banks Capital Base to N900bn – Report
A new report has emerged with a projection that the Central Bank of Nigeria may ask commercial banks with international…
Banks Borrow N19.8tn from CBN, Says Report
Commercial and merchant banks increasingly depended on liquidity from the Central Bank of Nigeria in 2023 as their borrowing from…
10 industries in Nigeria that pay the highest tax
A significant source of revenue for Nigeria’s government comes from taxes, the continent’s largest market. The Nigerian tax system is…