CBN Clamps Down On Speculators, Restricts Diaspora Remittances As Naira Weakens Further
The Central Bank of Nigeria has started introducing foreign exchange intervention measures aimed at clamping down on currency speculators in the foreign exchange markets, following the tumbling of the naira…
FG withdraws gun case against Emefiele: files 20 new charges to circumvent valid court order to release ex-CBN chief
The federal government on Tuesday announced the filing of 20 new charges against Godwin Emefiele. The government also said it was withdrawing its previous case that alleged illegal gun possession…
Customs finds 1,245 live Ammunition concealed in Rice
The Ogun Area 1 Command of the Nigeria Customs Service has intercepted 1,245 live ammunitions allegedly concealed in 203 bags of foreign rice abandoned in a bush path at Tombolo…
Manufacturers Fear Shutdowns, Job Losses As Diesel Price Hits N950/litre
The foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel, has pushed up the cost…
No Plans To Increase Fuel Price- NNPCL
The Nigerian National Petroleum Company Limited has responded against the widespread concern of a possible hike in the pump price of Premium Motor Spirit, popularly called petrol.
