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Buhari administration’s subsidy spending to hit N11 trillion in 2023
The administration of the President Muhammadu Buhari could spend not less than N10.976 trillion as subsidy on Premium Motor Spirit, ...UAE suspends visa approval for Nigerians over diplomatic row
The United Arab Emirates immigration authorities have announced a ban on visa applications from Nigerians. The Dubai authorities, in a ...Babangida’s in-law new owner of Polaris Bank
More details about the N50 billion acquisition of Polaris Bank have been uncovered as the identity of the new owner ...It’s official! CBN, AMCON announce sale of Polaris Bank to SCIL for N50 billion
The Central Bank of Nigeria and the Asset Management Company of Nigeria have formally announced the completion of a Share ...Demand pressure pushes Naira to N751 per Dollar at parallel market
The Nigerian currency, the naira, has weakened even more against the dollar. The naira, on Thursday, weakened to N751 ...FG reverses 10% tariff increases on data, calls
The Nigerian Communications has ordered the reversal of the implementation of the newly approved 10 per cent hike in tariff ...Nigerian Railway Corporation worth only N20m despite gulping over $7.1bn since 2011, Finance Ministry says
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the Nigerian Railway Corporation is still valued ...FRSC bars auto dealers from selling BMW motorcycles
The Federal Road Safety Corps, FRSC, has barred dealers from selling BMW motorcycles due to faulty Shock Absorbers. A ...‘Nigeria’s inflation at a punishing 35%,’ American economist disagrees with NBS inflation figures
Nigeria’s inflation figures by the National Bureau of Statistics (NBS) has been called into question by Steve Hanke, a ...Naira may devalue by 20% in 2023, says BoA
The Bank of America has said Nigeria’s local currency unit will weaken further next year as its current exchange rate ...
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