CBN’s Interest Rate Hike Raises Concerns of Growing Non-Performing Loans – Financial Analysts Warn. Financial analysts are expressing apprehensions over the recent decision by the Central Bank of Nigeria (CBN) to raise the interest rate by 22.75%, citing potential…
IMF to Nigerian Government: Implement cash transfer programme before addressing fuel, electricity subsidies. The International Monetary Fund (IMF) stresses the importance of expediting the full implementation of Nigeria’s cash transfer program to support vulnerable households, advising that this should…
Impact of Bandit Extortion on Farming Communities in Northern Nigeria: Insights from SB Morgan Intelligence Report. In a recent study conducted by SB Morgan Intelligence, startling revelations emerge regarding the plight of farmers in Northern Nigeria. The report sheds…
Shehu Sani Criticizes Spread of False Information on UAE Visa Ban Reversal. Former Nigerian senator, Shehu Sani, criticizes the dissemination of false information regarding the alleged lifting of the UAE visa ban on Nigeria. Learn more about the controversy…
Protecting Food Supply Chain: Truck Drivers Threaten Strike Over Rising Attacks. Truck drivers across the nation are on the brink of a potential strike due to the escalating attacks they endure while transporting essential food items. These attacks, predominantly…
Oprah Winfrey Resigns from Weight Watchers: A Significant Shift in the Company’s Direction. Oprah Winfrey, renowned as the world’s wealthiest black woman with a staggering net worth of $2.8 billion according to Forbes, is bidding farewell to her nearly…
U.S. Dollar Sees First Weekly Dip in 2024, Naira Gains Momentum. In the latest currency market movements, the U.S. dollar index is poised for its inaugural weekly decline of the year, while the Nigerian naira exhibits strength in both…
Nigeria Anticipates $22.82 Billion Investment from 1068 Approved Oil Projects. The Nigerian government has unveiled plans for an estimated $22.82 billion investment across 1,068 oil and gas projects greenlit between 2022 and 2023. These projects, spanning the nation, signal…
Federal Government Initiates $120 Million Payment to Gas Suppliers to Boost Production. The Federal Government has taken significant steps towards stimulating gas production in Nigeria by making a payment exceeding $120 million to gas suppliers. This payment is part…
Central Bank of Nigeria (CBN) Revokes Licenses of 4,173 BDCs: Regulatory Update. In a significant regulatory move, the Central Bank of Nigeria (CBN) has announced the revocation of operational licenses for over 4,000 Bureau De Change (BDC) operators under…
