The Nigerian naira appreciated against the dollar on Wednesday, 29th November 2023, closing at N831.47/$1 at the official market. The positive trajectory aligns with expectations among experts, who anticipated that the Central Bank of Nigeria’s (CBN) recent initiative to clear…
By Matthew Denis, Abuja The Nigeria Deposit Insurance Corporation (NDIC) has said it is recovering over N400 billion from debtors of liquidated banks, who are unwilling to repay their debts. The Managing Director and Chief Executive Officer of the Corporation,…
With so much expectations from investors for the OPEC+ meeting holding today, Oil prices rose more than $1 a barrel on Wednesday as investors focused their attention on expectations of fresh supply cuts from OPEC+ and looked past a jump…
The Ogun State Government and the Organised Private Sector (OPS) have concluded plans to sign a Memorandum of Understanding (MoU) on the construction of the Olokola Deep Seaport located in Ogun Waterside Local Government Area of the state. Gov. Dapo…
…Says inflation expected to moderate to 21.4% …Pledges to implement business-friendly measures for sustainable growth …Finance Minister applauds Tinubu on 2024 budget, says N27.5trn budget will be financed with N8trn of borrowing By Sodiq Adelakun In his first budget presentation…
By Sodiq Adelakun The Nigeria Customs Service (NCS), Ogun Area one Command, has successfully intercepted a cache of live ammunition. The Acting Customs Area Controller, Ahmadu Shuaibu, announced the seizure of 975 rounds of red star live cartridges. These were…
By Seun Ibiyemi Leading financial institution, Fidelity Bank Plc, has restated its determination to help businesses run profitably as it recently partnered with the Lagos Chamber of Commerce and Industry (LCCI) to host a conference to discuss solutions to challenges…
Following a string of negative market closing since Monday, the Stock Market made a rebound on Wednesday with investors gaining N132.4billion. Market findings by Nigerian NewsDirect on the Nigerian Exchange Limited revealed that Nigerian equities market closed positively, gaining 243.51…
Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has called for closer working relationship with the Federal Inland Revenue Service, FIRS in tackling tax evasion and fraud in the extractive industry. He made this call on…
…Street beggars to be declared illegal persons By Moses Adeniyi Towards ensuring an enduring solution is proferred to the menace of street begging on the streets of Lagos metropolis, the State Government has commenced stakeholders engagement on how to curb…
