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Economy

It’s always about the economy, stupid…

Economy

Nigeria Imposes Staggering $10 Billion Fine on Binance over ‘Impact on Forex Crisis’

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - The Nigerian federal government has levied a staggering $10 billion fine against the cryptocurrency trading platform Binance, accusing it of exacerbating...
Business

CBN Clears Entire Foreign Exchange Backlog for Foreign Airlines

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - The Central Bank of Nigeria, CBN, has achieved a significant milestone in its financial operations by completely settling the foreign exchange...
Economy

‘We Can’t Just Fix Nigeria’s Economic Woes’ – CBN Governor Cardoso Declares 

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - In a candid acknowledgement of the Central Bank of Nigeria's (CBN) limitations, Governor Yemi Cardoso has admitted the bank's inability to...
Business

Dangote, Kaduna, BUA Refineries to Depend on Imported Crude as Oil Theft Continues

Manny Akpan | Business & Economy Editor -
ABUJA, Nigeria - The Nigerian National Petroleum Company Limited, NNPCL, is poised to begin the importation of approximately 110,000 barrels of crude oil daily...
Economy

Nigeria Awaits Energy Independence: Oil Marketers Hold Off Imports in Anticipation of Local Refining

Manny Akpan | Business & Economy Editor -
PORT HARCOURT, Nigeria - Nigerian oil marketers are suspending plans to import Premium Motor Spirit, PMS, commonly known as petrol, as they eagerly await...
Economy

Aviation Sector: Beyond Tinubu’s Abu Dhabi Diplomatic Stop-Over, By Reuben Abati [MUST READ]

Reuben Abati | Op-Ed Contributor -
Next week, he goes off to New York, United States for the United Nations General Assembly (UNGA). When Tinubu returns to Nigeria, before he...
Economy

University of Lagos Stands Firm on 400% Fee Hike, Citing Quality and Rising Costs

Doyin Ajayi | Sub-Editor -
LAGOS, Nigeria - The University of Lagos, UNILAG, embroiled in a crisis over a substantial fee hike, is not backing down. Vice-Chancellor Prof. Folashade Ogunsola...
Economy

All Aboard Nigeria’s Booming Rail Renaissance: Q2 2023 Report Shows Double-Digit Growth in Passengers and Revenue

Wires Editor | The Trent -
ABUJA, Nigeria — Nigeria's rail sector is riding the fast track to recovery, with the latest National Bureau of Statistics report on Thursday, September...
Economy

NERC Approves Increase in Pre-Paid Electricity Meter Prices, Citing Economic Realities

Wires Editor | The Trent -
ABUJA, Nigeria - The Nigerian Electricity Regulatory Commission, NERC, has announced an increase in the prices of pre-paid electricity meters across the country. This was...
Economy

Tony Elumelu Denies Speculation He’s Being Tipped as Next Central Bank Governor

Ima Matthew | Sub Editor -
LAGOS, Nigeria — Tony Elumelu, the chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, has publicly denied rumors that he is...
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