Lagos State Plans for a Brighter Future: New Investment Fund Coming
The Governor of Lagos State, Mr. Babajide Sanwo-Olu, shared some exciting news on Wednesday. The state is going to start something...
The Central Bank of Nigeria (CBN) has rolled out new rules. These rules make it easier for Deposit Money Banks (DMBs) to deposit extra foreign cash at its branches in Lagos and Abuja. This way,...
The President of Dangote Group Industries Ltd, Alhaji Aliko Dangote, said that economic growth won't happen unless the bank interest rates, currently at 30%, go down.
He said this during a speech at the Manufacturers Association of Nigeria (MAN) 2024...
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Nigeria’s exchange rate closed June 2024 at N1,503.3/$1, marking a 1.3% depreciation for the month.
Despite breaking the N1,500/$1 barrier, the exchange rate stayed pretty steady, moving between N1,470 and N1,503.
This is the...
A new report from Malaria No More UK has revealed that meeting the World Health Organisation (WHO) target of reducing malaria by 90 per cent by 2030 could add $126.9 billion to Africa's Gross Domestic Product (GDP).
The report was...
The Senate on Wednesday constituted a 15-member committee to unravel the circumstances surrounding the persistent importation of hazardous petroleum products by the Nigerian National Petroleum Corporation Limited (NNPCL).
Senate President Godswill Akpabio announced the composition of the committee during plenary.
He...
House of Representatives Investigates Anchor Borrowers Scheme
The House of Representatives is looking into the N1.12 trillion Anchor Borrowers Scheme. This program, run by the Federal Government through the Central Bank of Nigeria (CBN), is meant to provide...
The Quebec province in Canada has put a limit on the number of family sponsorship visa applications. This can affect many people wanting to move, including those from Nigeria.CIC News reports that Quebec will only accept 13,000 family sponsorship...
Students from the University of Benin (UNIBEN) went to the streets on Wednesday. They blocked the busy Benin-Ore Highway. They were angry because there has been no power on their campus for many weeks.The long power cut has made...
