Nigeria's Central Bank Governor, Mr. Olayemi Cardoso, reaffirmed the bank's policy of non-intervention in the foreign exchange market on Wednesday. This reiterates the CBN's commitment to a system where exchange rates are primarily determined by market forces.
Governor Cardoso's statement...
Nigeria is taking action against private jets that are being used for commercial flights, like carrying passengers for money. This is against the rules for these jets.
The country's aviation minister ordered a review of all permits for private, non-commercial...
Dangote Petroleum Refinery announced a significant reduction in diesel prices on Tuesday. The company will now sell diesel for N1,000 per litre, down from N1,200 previously.
This N200 per litre cut has been described as "unprecedented" by industry analysts. It...
Nestled in the heart of Ogun State, Sagamu stands as a beacon of economic potential in Nigeria. Its strategic location along major transportation routes, including the bustling Lagos-Ibadan Expressway and the proposed Lagos-Ibadan railway, positions it as a prime...
Air Peace, Nigeria's leading airline, is accusing foreign carriers of deliberately lowering ticket prices on the lucrative Lagos-London route in an attempt to push them out of the market.
Allen Onyema, Chief Executive Officer of Air Peace, made the...
In a decisive move to stabilize the Nigerian naira, the Presidency has expressed its full support for the Central Bank of Nigeria (CBN), led by Yemi Cardoso, in its ongoing efforts to cleanse the nation's foreign exchange market of...
In a bold move to fortify the Nigerian currency, the Central Bank of Nigeria (CBN) has issued a new directive to all financial institutions within the country: the use of foreign currency-denominated collaterals for Naira loans is now strictly...
Mr. Abiola Alaba Peters AAP, the Founder and Executive Director of Leadership Excellence and Dignity Awards has announces the launch of Laurel Leaf Communications, a new company dedicated to elevating the program's events, media, and advertising strategies.
The ace journalist...
Members of the Nigerian community in the United Arab Emirates (UAE) have decried that the strained relationship between both countries is affecting their livelihoods.
Some of them living in Dubai, Abu Dhabi and Sharjah told Daily Trust that because of...
Electricity transformers and substations meant for the $2.3bn Siemens power project have arrived in the country as the project gains traction, Minister of Power, Adebayo Adelabu, said on Sunday.
The development came a few months after the Federal Government renewed...
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