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Elijah Laolu of Ibadan. Nigerians have been urged to exercise patience by the Central Bank of Nigeria, as the central bank’s administration is making every effort to fortify the Naira.

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He made this statement yesterday at the Nigerian Economic Society’s (NES) 2024 public lecture, “Recent Developments in the Nigerian Foreign Exchange Market: Issues, Options and Way Forward,” which was held in the CBN Centre of Excellence Hall at the University of Ibadan. Elijah Laolu of IbadanNigerians have been urged to exercise patience by the Central […]

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Elijah Laolu of Ibadan. Nigerians have been urged to exercise patience by the Central Bank of Nigeria, as the central bank’s administration is making every effort to fortify the Naira. Read More »

Many Nigerians Struggle to Afford Beer, Says NB CEO

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Many Nigerians Struggle to Afford Beer, Says NB CEO The economic strain in Nigeria has reached a point where many citizens can no longer afford to purchase beer, according to Hans Essaadi, the Chief Executive Officer of Nigerian Breweries Plc. Essaadi made this assertion during the company’s investor call on Monday following the release of

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Lagos State Bans Use of “Take-away

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“The Lagos State Government has taken a significant step towards environmental sustainability by announcing an immediate ban on single-use plastics and Styrofoam packs, colloquially known as ‘takeaways. ‘ This decision, aimed at curbing environmental degradation, was disclosed by the Commissioner for the Ministry of Environment and Water Resources, Tokunbo Wahab, in a statement released on

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BREAKING:Glo subscribers to be barred from calling MTN lines

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BREAKING:Glo subscribers to be barred from calling MTN lines Globacom subscribers may be unable to make calls to MTN lines soon, due to the non-settlement of interconnect charges. The Nigerian Communications Commission disclosed this on Monday, 8th January 2024 in a public notice signed by the Director, Public Affairs Department, Reuben Muoka.It stated that the

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CBN Approves Naira Stablecoin, Set to Launch on February 27

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CBN Approves Naira Stablecoin, Set to Launch on February 27 The Central Bank of Nigeria (CBN) has given its nod for the launch of the Nigerian naira (cNGN) stablecoin. This digital currency, set to debut on February 27, 2024, is backed by the Africa Stablecoin Consortium (ASC), a collaboration of Nigerian financial institutions, fintechs, and

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More traders replace USD with other currencies for oil transactions.

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More traders replace USD with other currencies for oil transactions In the midst of the Russia-Ukraine conflict, a significant shift away from the long-standing reliance on the petrodollar has been observed, with more than a fifth of global oil transactions in 2023 being conducted in currencies other than the U.S. dollar. As Nigeria explores avenues

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Cell phones to be banned in New Zealand schools

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New Zealand’s Prime Minister, Christopher Luxon, announced on Friday that cell phones will be banned in schools across the country. This decision is part of the government’s efforts to address declining literacy rates. Luxon, who leads a conservative government, plans to implement this ban within his first 100 days in office, following a policy tested

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The Federal Housing Authority (FHA) and the Lagos State Building Control Agency (LSBCA) were ordered yesterday by a Lagos State High Court sitting in Ikeja to.

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The Federal Housing Authority (FHA) and the Lagos State Building Control Agency (LSBCA) were ordered yesterday by a Lagos State High Court sitting in Ikeja to stop demolishing residential homes located on 6th Avenue in Festac Town, Amuwo Odofin Local Government Area, Lagos State. Following a lawsuit filed by Samuel Ahmed, Taoheed Amusa, R. Balogun,

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The Federal Housing Authority (FHA) and the Lagos State Building Control Agency (LSBCA) were ordered yesterday by a Lagos State High Court sitting in Ikeja to. Read More »

Enugu traders protest eviction Enugu businessmen,

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Enugu traders protest eviction Enugu businessmen, operating along Red Cross Railway Crossing, Market Road, and Osisatech Polytechnic, protested their eviction after receiving a quit notice from the state government. They’re urging the government to reconsider its decision to ease tensions and prevent backlash. The state government aimed to alleviate traffic along Main Market-Old Park-Chris Chemist

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Plane crash lands inside Abuja airport

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Plane crash lands inside Abuja airport The incident featured a Boeing 737 with the Nationality and Registration Marks 5N-BYQ. The aircraft, arriving from Lagos, landed in Abuja. While attempting to exit via A4, its nose wheel got stuck in the grass verge, with the fuselage on the runway. The Nigerian Safety Investigation Bureau stated that

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