Naira falls to N1,530 at parallel market, surpasses official window rate
The naira, on Wednesday, crossed the N1,500 mark at the parallel section of the foreign exchange (FX) market. The value of the naira fell to N1,530 against the dollar…
EFCC investigating Nigeria Air deal, says Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo says the Economic and Financial Crimes Commission (EFCC) is investigating the controversial Nigeria Air deal The Nigeria Air deal was sealed…
Otedola appointed FBN Holdings chairman
Billionaire businessman, Femi Otedola has been appointed as chairman of the board of directors of FBN Holdings Plc, parent company of First Bank and related companies. Otedola’s appointment takes…
CBN issues new forex risk management guidelines for banks
The Central Bank of Nigeria (CBN) has released new measures for banks to manage foreign exchange (FX) risks and prevent losses. The guidelines, published on CBN’s website on Wednesday,…
EFCC uncovers religious sect laundering money for terrorists – Chairman
The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that the anti-graft agency uncovered how a religious sect in Nigeria is laundering money for terrorists.…
Most governors on FG tripartite committee are not paying minimum wage – Ajaero
Joe Ajaero, president of the Nigeria Labour Congress (NLC), says “most” of the governors on federal government’s tripartite committee are not paying minimum wage. On Tuesday, Vice-President Kashim Shettima…
Pakistan ex-PM Imran Khan sentenced to 14 years in prison for corruption
Imran Khan, former Pakistan prime minister, has been sentenced to 14 years in prison for selling state gifts. Khan was convicted alongside Bushra Bibi, his wife, by an anti-corruption…
Airline funds: IATA says $700m remains trapped in Nigeria
The International Air Transport Association (IATA) says it is consulting with foreign member airlines operating in Nigeria to verify the release of $136.73 million by the country’s central bank,…
Supreme Court dismisses Binani’s appeal, affirms Fintiri as Adamawa governor
The Supreme Court has affirmed Ahmadu Fintiri as the duly elected governor of Adamawa state. A five-member panel of the apex court, led by John Okoro, on Wednesday, dismissed…
Internet subscription rose to 160m in 2023 as telephone connections drop – NCC
The Nigerian Communications Commission (NCC) says the country’s teledensity dropped from 115.63 percent in August 2023 to 102.97 percent in November 2023. Teledensity is an index prescribed by the…
