Uproar as CBN announces Abuja office decongestion affecting 1,533 staff

There is a growing concern among workers as the Central Bank of Nigeria, CBN, commenced the decongestion of its head office in Abuja, affecting 1,533 staff. A circular dated January 12, 2024,... Read more »

BREAKING: Shell Exits Nigeria Onshore Oil, Sell Aset At  $1.3 Billion

Shell Plc has reached an agreement to sell its Nigerian onshore oil assets to a local consortium for over $1.3 billion, pending government approval. Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich,... Read more »
Vodafone, Microsoft

Vodafone, Microsoft signs $1.5 billion deal to boost AI, cloud adoption in Africa

Telecommunications Group, Vodafone, has signed a deal with Microsoft involving a $1.5 billion investment in AI and cloud services to boost adoption in Africa. In the deal announced on Tuesday, Vodafone will... Read more »
Dollar To Naira Exchange Rate Today

Dollar To Naira Exchange Rate Today

The naira yesterday fell to N1,350 per dollar in the parallel market from N1,295 per dollar on Tuesday.However, the naira depreciated to N931.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM).... Read more »

CBN Initiates Legal Actions Against Forex Defaulters

The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters nationwide following an independent forensic review conducted by a reputable firm to investigate forex exchange issues in the... Read more »

Dissconnection put on hold as NCC Resolves MTN / GLO Tariff Imbroglio

Regulations Agency NCC have resolved the tariff imbroglio between MTN and Globacom  This was a statement issued by the NCC on the matter Re: PRE-DISCONNECTION NOTICE 1. On January 8, 2024 the... Read more »
Naira and Dollar 768x432 1

Naira in Peril: Manufacturers Brace for Storm as Prices Rises

In the wake of Nigeria’s persistently turbulent forex crisis, manufacturers are projecting imminent price hikes for commodities in response to the Naira’s continuous decline against the US dollar. Francis Meshioye, the President... Read more »

Fuel Subsidy Removal: ‘We’ll Reduce Cost Of Transportation By 50%’ – FG

The Federal Government of Nigeria said it is working towards reducing the cost of transportation by over 50 per cent. The Minister of Information and National Orientation, Mohammed Idris said this when... Read more »

NACCIMA to CBN: Prosecute those behind $2.4b fake FX claims

The President of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA), Otunba Oye, has called on the Central Bank of Nigeria (CBN), to immediately investigate and prosecute those... Read more »

Herbert Wigwe: Board will announce acting CEO soon — Access Bank

The board of Access Holdings Plc is set to announce an acting Group Chief Executive Officer to succeed the late CEO, Herbert Wigwe, in the wake of his tragic passing. In a... Read more »