The governor of Kaduna State, Mallam Nasir El-Rufai, has called for the immediate removal of petrol subsidy. He made the call, yesterday, at the “State-of-the-State” session at the on-going NESG, in Abuja. When the governor who was on panel during session was asked what should be the priority of the government, he said, “remove […]
The Federal Government on Monday lamented that the country’s exchange rate regime has remained a thing of concern to the administration. The government also noted with concern that Nigeria is buffeted with local security and economic challenges as well as global turbulence on the political, economic and social fronts. Vice President Yemi Osinbajo, who […]
The Naira on Thursday exchanged at 446.10 to the dollar at the Investors and Exporters window, a depreciation of 0.10 per cent, compared with the 445.67 it exchanged on Wednesday. The open indicative rate closed at N444.42 to the dollar on Thursday. An exchange rate of N447 to the dollar was the highest rate […]
President Muhammadu Buhari says there is no going back on the planned redesign of the N1,000, N500 and N200 bank notes, adding that politicians won’t be allowed to mobilise resources and thugs to intimidate voters in the 2023 general elections. The President made this known on Wednesday in an interview in the United Kingdom […]
President Muhammadu Buhari has been told to as a matter of urgency sack the Central Bank of Nigeria (CBN) Governor, Mr .Godwin Emefiele. The Human Rights, Liberty Access, and Peace Defenders’Foundation (HURIDE) and Campaign for Democracy (CD) South East zone made the call yesterday when they addressed the press in Enugu, Enugu State. Speaking […]
The cost of Premium Motor Spirit, popularly called petrol, has risen to as high as N200/litre at depots, which means that motorists should brace up to buy PMS above N200/litre at filling stations. It was learnt on Monday that PMS cost, which was about N178 to N185/litre recently, had been jerked up by private […]
The naira continued its free fall on Saturday as it exchanged for N900 for $1 according to a cross-section of dealers that claimed to have traded on 5th November 2022. This is more than double the official NAFEX exchange rate of N440/$1 reported by the central bank on its website for November 4, 2022. […]
Foreign currency dealers have complained to the Inspector-General of Police, Usman Baba, about their ordeals in the hands of operatives of the Economic and Financial Crimes Commission following the arrest of some of them. The dealers will also send a copy of their petition to the Senate even as members of the Association of […]
The Nigerian Navy says it is conducting an investigation into the activities of MV HEROIC IDUN, a supertanker, arrested by Equatorial Guinea forces over alleged crude oil theft in Nigeria. The vessel and its crew were arrested on August 7 by the Central African country after it fled from Nigeria’s AKPO oilfield when its […]
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, on Friday, criticised the planned redesign of the N200, N500, and N1,000 banknotes by the Central Bank of Nigeria (CBN). The revered cleric expressed displeasure that the Federal Government is concerned with the redesigning of naira notes despite the falling […]
