The Deputy Governor of Corporate Services at the Central Bank of Nigeria, Mohammed Bello, has noted that about $2.4bn out of the claimed backlog of $7bn forex claims were fictitious. He disclosed this during the 2024 Law Week event of the Nigerian Bar Association at Garki Branch in Abuja on Monday. Bello noted that upon assumption of office, ... Read more

The Governor of the Central Bank of Nigeria, Yemi Cardoso, has explained that public relations is an indispensable tool for any country to achieve economic prosperity. The CBN governor, represented by the Assistant Director and Head of Corporate Communications of the apex bank, Lagos, Mr. Uchenna Ogbonna, disclosed this during the just concluded ... Read more

The Minister of Solid Minerals Development, Dele Alake, on Monday, has disclosed that currently, Nigeria possesses a deposit of mineral products worth $750bn. This was disclosed by the minister at a two-day national stakeholders’ roundtable on sustainable development of the mining industry organised by the National Institute for Policy and ... Read more

The Minister of Works, Dave Umahi, has disclosed that President Bola Tinubu has approved the commencement of the design of the 1000-kilometre Sokoto-Badagry Coastal Highway. This was disclosed by him during his inspection visit to the km 47 axis of the Lagos-Calabar Coastal Highway project in Lagos. According to him, “I am happy that Mr ... Read more

The naira, on Monday, April 29, 2024, has further depreciated at the official market, trading at N1,419.11 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N79.88 This represents a 5.96 per cent loss when ... Read more

The Nigerian Breweries (Plc) shareholders have unanimously approved the firm’s capital raising of N600 billion by way of a rights issue to existing shareholders. With this development, the Board are now authorized to commence capital restructuring by way of a rights issue that will grant all the company’s shareholders the opportunity ... Read more