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Economy
Suez Canal revenues down 40-50% amid Red Sea tensions – Al-Sisi
Egyptian President Abdel-Fattah Al-Sisi said yesterday that Suez Canal revenues have dropped 40-50 per cent amid tensions in the Red Sea, Anadolu news agency reported.
“The Suez Canal…
How Binance P2P contributes to plummeting Naira value
If you go to Binance P2P, there is heavy manipulation going on there. And from my deductions, most of the big Binance P2P merchants are united in carrying out this manipulation. Some of…
Hardship: Tinubu opens probe into Emefiele, Buhari’s N22.7trillion loan
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the President Bola Tinubu administration is auditing the 22.7 trillion naira Ways and Means loans approved by…
FG to create 300 direct jobs, boost Internet access
The Ministry of Communications, Innovation, and Digital Economy has unveiled a strategy called ‘Project 774 LG Connectivity’, to create no less than 300 direct jobs as the Federal…
FCCPC Takes Action Against Price Fixing, Seals Sahad Stores in Abuja
The Federal Competition and Consumers Protection Commission (FCCPC) made a bold move by sealing off the prominent Sahad Stores Limited situated in Area 11, Garki, Abuja.
This action was…
Airlines lament as aviation fuel price hits N1,300 per litre
The Airline Operators of Nigeria have expressed deep concern regarding the escalating cost of operations, amidst the surge in aviation fuel prices exceeding N1300.
This was disclosed in…
International money transfer operators to pay in naira
International money transfer operators to pay in naira
Following the recent directive by the Central Bank of Nigeria, restricting the operations of International Money Transfer Operators…
World Bank promises more support for Nigeria, lauds Tinubu’s reforms
The World Bank has promised to step up financial support for Nigeria in priority needs of the nation’s economy, just as it lauded the economic reforms under the Bola Tinubu…
Forex crisis: EFCC 7,000-man task force goes after dollar racketeers
In a move to reduce the pressure on the naira, the Economic and Financial Crimes Commission has raised a 7,000-man special task force across its 14 zonal commands to clamp down on dollar…
NNPCL differs as marketers fear fuel queues spread
Oil marketers have expressed fears that there might be a scarcity of petrol if the Nigerian National Petroleum Company Limited fails to make the product available to depot owners and other…