Aliko Dangote, Africa’s richest man, believes Nigerians may expect lower inflation as diesel pump prices fall. He disclosed this on Wednesday during an interview with journalists after paying Eid-el-Fitr tribute to President Bola Tinubu at his Lagos mansion. “I believe that we are on the right track. I believe Nigerians have been patient and I … Read more
The Special Investigator of the Central Bank of Nigeria (CBN) and other related entities, Jim Obazee, has concluded his assignment. Reacting to the development on Friday, President Bola Tinubu thanked the former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for his services as the special investigator. A statement signed by spokesman … Read more
The Federal Government, FG, has asked cryptocurrency trading firm, Binance, for information on its top 100 users in Nigeria as well as all transaction history for the past six months. According to the Financial Times, the request was made to establish the negotiations between Binance and Nigeria. In the report, the Office of the National … Read more
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), claims that he and his team are not to blame for the country’s current economic troubles. He made this statement on Tuesday in Abuja during the apex bank’s first Monetary Policy Committee (MPC) meeting since taking office in September 2023. The governor of the … Read more
The naira fell below N1,600 per dollar on Thursday, as Nigeria’s economy continues to suffer under President Bola Tinubu’s leadership. According to Aboki Forex, the naira fell to N1,600 to $1, despite efforts by the Central Bank of Nigeria to stem the naira’s wild decline. Though the naira had been falling against the dollar before … Read more
The seven biggest oil marketers in Nigeria have registered with the Dangote Petroleum Refinery to lift and distribute refined petroleum products generated by the $20 billion plant. Dealers affiliated with the Major Oil Marketers Association of Nigeria said on Sunday that with the registration, they will begin distributing fuel produced at the plant once the … Read more
The Central Bank of Nigeria, CBN, sacked the boards of Titan Trust, Union Bank, Keystone Bank and Polaris Bank on Wednesday. Platinumpost reports that President Bola Tinubu has started the implementation of the report of the Special Investigator on Central Bank of Nigeria (CBN) and Related entities, Jim Obazee with the dissolution of the board … Read more