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Article 'EFCC, INTERPOL Hunt Down CBEX Fraudsters After ₦1.3 Trillion Ponzi Collapse'- Nigeria News
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Akinwumi Adesina, AfDB President, has hinted at a possible 2027 presidential bid, stating he is "available to serve." In a recent interview, he reaffirmed his dedication to national service and economic transformation. His remarks have fueled speculation about his political future as Nigeria's...
President Bola Tinubu, former President Olusegun Obasanjo, and Lagos Governor Babajide Sanwo-Olu paid tribute to late banker Herbert Wigwe on the first anniversary of his passing. Remembered for his leadership in finance and philanthropy, Wigwe’s legacy continues to inspire. A memorial was held...
The Federal Airports Authority of Nigeria (FAAN) has resumed collecting access gate fees at Abuja’s Nnamdi Azikiwe International Airport after a temporary suspension due to road construction. The move aligns with the government’s directive to enforce toll payments for all users, including top...
The Nigerian National Petroleum Company Limited (NNPCL) has denied reports of an explosion at Warri Refinery, clarifying that the facility is undergoing routine maintenance. The company assured stakeholders of a steady petroleum supply and urged the public to disregard misinformation, as full...
The Nigeria Civil Aviation Authority (NCAA) is set to penalize Kenya Airways for multiple consumer protection violations, including failing to compensate passengers and mishandling flight delays. The airline also failed to meet regulatory deadlines for addressing complaints. The NCAA has...
Nigeria retains its position as Africa’s largest economy, despite low FDI inflows. The World Bank highlights the need for targeted reforms in ICT, agribusiness, solar, and pharmaceuticals to unlock investment and job creation. However, concerns remain over poverty, infrastructure, and economic...
The NNPC Limited has shut down the Warri Refinery for scheduled maintenance, dismissing reports of an explosion. The intervention aims to enhance operational efficiency and ensure a steady fuel supply. The refinery, restarted in late 2024 after a decade of dormancy, is expected to resume full...
Nigerians in Europe, the UK, and Ireland can now renew passports from home as Nigeria launches a contactless application system. Spearheaded by Minister Olubunmi Tunji-Ojo, this initiative enhances efficiency, security, and convenience, aligning with the Renewed Hope Agenda. The process...
![Today's Naira Rate [06-02-2025]: Naira Strengthens to N1,585/$1 in Black Market, Official Rate Declines](/data/attachments/213/213180-debe80245df63b887c2f9633a469b0c8.jpg?hash=bRaHhFf4n0)
Nigeria
Today's Naira Rate [06-02-2025]: Naira Strengthens to N1,585/$1 in Black Market, Official Rate Declines
The Nigerian naira strengthened in the parallel market, appreciating to N1,585/$1, while it slightly depreciated to N1,499.76/$1 at the official market. Traders attributed the shift to declining dollar demand and new CBN policies. Meanwhile, global currency markets remain volatile amid U.S...
UAC of Nigeria Plc reported a 109% surge in profit before tax to N25.8 billion for 2024, driven by strong growth in key sectors. Revenue increased by 64% to N197.6 billion. The company attributes its success to innovation, cost efficiency, and strategic expansion, positioning itself for...
The Nigeria Customs Service (NCS) has introduced a 4% levy on the Free-on-Board (FOB) value of imports, in line with the Nigeria Customs Service Act (NCSA) 2023. The levy covers goods' costs and transportation expenses. Stakeholder consultations and ongoing talks with the Ministry of Finance aim...
The Nigerian government has approved an increase in the 2025 budget from N49.7 trillion to N54.2 trillion, citing enhanced revenue streams through FIRS, Customs, and government enterprises. This increase will be allocated to critical sectors like agriculture, infrastructure, and security...
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