Economy
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FG warns international airlines of penalties for maintaining high ticket prices
Rhe Federal government is considering imposing penalties as international airlines continue to maintain expensive ticket prices. The Federal Government has…
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CBN Revokes Operational Licences of 4,173 BDCs
The Central Bank of Nigeria has revoked licenses of 4,173 Bureaux De Change Operators for non-compliance with regulatory provisions, including…
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Nigeria spends N1trillion monthly on petrol subsidy…. MD, Pinnacle Oil
The Managing Director of Pinnacle Oil,Robert Dickerman has revealed that FG currently pays one trillion naira every month for petrol…
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LAGOS INAUGURATES SECOND INTRA-CITY RAIL LINE, SET TO MOVE 250,000 PASSENGERS DAILY
•Tinubu opens Red Line, says ‘Lagos an example of how vision exalts democracy’ •‘Rail accomplishments, results of our painstaking reforms’…
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House of Reps urges Pres Tinubu to review outdated Oronsaye Report
Rhe House of Representatives on Thursday expressed concerns about the outdated nature of the 2012 Steve Oronsaye Report. They urged…
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Senator Tokunbo Abiru’s Bill On Amendment of Nigeria Deposit Insurance Corporation, NDIC Act Scales Second Reading
The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, *Senator Mukhail Adetokunbo Abiru, FCA (Lagos East)*, today on…
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Nigeria imposes annual levy on expatriate workers
Nigeria has imposed a mandatory annual levy for organisations employing expatriate workers, requiring them to pay $15,000 (£12,000) for a…
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Deep Freezer Ltd, Rice and Beans Ltd’ — abnormal names of CBN-approved BDC operators
Nigeria’s bureau de change (BDC) market has grown significantly since 2005. Within that period (2005 to 2006) there were less…
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Binance could seriously harm Nigeria’s economy if we don’t take action to stop it – Presidency
The Presidency has warned that Binance’s unchecked actions could harm Nigeria’s economy, criticizing their influence on exchange rates.Binance is one…
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Tinubu to Commission Red line train project on Thursday in Lagos
President Bola Ahmed Tinubu (GCFR), will on Thursday, 29th February, 2024 commission the Red Line train project The train is…
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