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The presidency has disclosed that President Ahmed Bola Tinubu’s administration is working on policies that will strengthen the Naira. A Special Adviser to the President on Economic Matters, Dr Tope Fasua, disclosed this at the “Cowries to Cash” lecture and lunch in Abuja on Tuesday. There has been a steady rise in the value of […]

The Inspector-General of Police, Kayode Egbetokun, on Tuesday announced that there will be no vehicular movement as well as movement of canoe, ships and other means of transportation via waterways in Imo, Kogi and Bayelsa starting from Friday. Egbetokun, who said the decision was in line with measures put in place to ensure free, fair […]

PFAs Pump 65% of Pension Assets in FG Securities Pension Fund Administrators (PFAs) staked about 65.2% of Nigeria’s total pension assets in the Federal government’s borrowing instruments, a review of a report posted by the pension commission showed. The latest data sourced from the Nigerian Pension Commission (PenCom) website reveals that the assets under management […]

Effective Transformation in Nigeria Begins with Strategic Leadership -TEXEM UK The United Kingdom-based leadership development organisation TEXEM UK has urged business and political leaders in Nigeria to be strategic to transform their society effectively. In a statement on TEXEM’s website (www.texem.co.uk), Caroline Lucas, Director of Special Projects, says in today’s swiftly evolving glocal (global and […]Read More

Oil Prices Increase on Saudi, Russia Production Cuts Oil prices increased as Saudi Arabia and Russia tightened supply with voluntary production cuts. ICE Brent price rose 0.86% on Monday to $85.62 per barrel from the closing price of $84.89 a barrel in the previous trading session on Friday. The American benchmark West Texas Intermediate (WTI) […]

CBN Will Prioritise Core Mandate of Price Stability, Cardoso Says The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability. According to a statement from the CBN, Cardoso disclosed this recently, while playing host to the Impact Investing […]

PPDC Gives Nigerian Detainees Hope, Provides Legal Representation The Public and Private Development Centre (PPDC), a non – non-governmental organisation has expressed concern over the delays in detainee trials in the Nigerian judiciary system. Mr Kenechukwu Agwu, the Senior Programme Manager, Access to Justice, PPDC, expressed the concern in an interview with the News Agency […]

Chipper Cash, Visa Strengthen Partnership Amid Card Funding Glitches Amidst card funding glitches experienced by its customers, Chipper Cash, a financial services company has announced a strategic partnership with Visa to drive growth and financial inclusion across the African continent. Its US Dollar virtual card has suffered setbacks in recent times as customers have been […]

TAJBank Wins Businessday Islamic Bank of The Year Award TAJBank Limited, one of Nigeria’s fastest-growing non-interest banks, has won the BusinessDay “Islamic Bank of the Year Award” for the third consecutive time. This is according to a statement by TAJBank’s Managing Director, Mr Hamid Joda. The award was presented to the Bank’s management, represented by […]

NDDC MD Hails Tinubu for Appointing Competent Members to Drive N’delta Devt. Managing Director of Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, has applauded President Bola Tinubu for insisting on competence in the composition of the commission’s board. Ogbuku gave the commendation during a reception, organised in his honour by the people of the […]

Expert Wants Govt to Enhance SMEs to Boost Nation’s Economy An expert, Enobong Umoessien, has called for more deliberate action by the government and relevant stakeholders toward promoting Small and Medium Enterprises (SMEs) to ensure the growth of the country’s economy. Umoessien, Head of Division Business and Enterprise Promotion, Private Sector Directorate, ECOWAS Commission, said […]

Why Naira Regained Strength at FX Market – ABCON The Association of Bureau De Change Operators of Nigeria (ABCON), has revealed why the Naira is regaining strength against the dollar. “The development stems from the ‘double-edged sword dollar liquidity injection and the mopping up of the naira through interest rate hikes,” its President, Alhaji Aminu […]