The Governor of the Central Bank, Yemi Cardoso says the measures taken so far by the apex bank to stabilize foreign exchange rates have started yielding positive results. He noted that these measures would...

In a move to reduce the pressure on the naira, the Economic and Financial Crimes Commission has raised a 7,000-man special task force across its 14 zonal commands to clamp down on dollar racketeers....

The Nigerian National Petroleum Company Limited has explained the cause of the long queues in some filling stations in Lagos State. The NNPCL said the “tightness” was a result of what it called a...

Federal Account Allocation Committee’s statutory allocations to the 36 states and 774 local government areas between July and December 2023 rose to N3.34tn in the post-fuel subsidy era, according to figures obtained from the...

Power generation on the national grid crashed to 59.9 megawatts around 12 pm on Sunday as the country’s grid witnessed a nationwide collapse. Data obtained from the Federal Ministry of Power showed that electricity...

There are strong indications that the Federal Government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which...

Fuji maestro, Wasiu Ayinde Marshal, popularly known by his stage name, K1 De Ultimate, has told President Bola Tinubu that Nigerians are suffering and angry with his government due to the current poor state...

The Central Bank of Nigeria (CBN) has concluded the payment of all verified claims by airlines with an additional $64.44 million to the affected airlines. The Ag. Director of Corporate Communications of CBN disclosed...