The Central Bank of Nigeria, CBN, says Diaspora remittances surged by 433 per cent to $1.3 billion in February from $300 million in January. The Acting Director of Corporate Communications at CBN, Hakama Sidi Ali,said Bank’s data indicates that overseas remittances rose to US$1.3 billion in February 2024, more than four times the US$300 million…
Propelled by an unyielding commitment to the safety and security of its residents, and failure to comply with essential data sharing agreement, the Lagos State Government is set to sanction Uber Technologies System Nigeria Limited. Expressing deep dismay at Uber’s continuous defiance of established regulations, particularly regarding critical Application Program Interface (API) integration for enhanced…
President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, in Doha, witnessed the signing of historic agreements between both nations, opening a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism, and sports….
Senators Nwoye, Echocho Biker Over Kogi State Status The Nigerian Senate has rejected move to include Anambra State in the membership of Niger Delta Development Commission ( NDDC). This was as the move and rejection led to bickering between Senators Tony Nwoye and Jibrin Isah Senator Nwoye had in his lead debate on the bill…
Collection of revenue by over 60 government agencies is a major cause of revenue leakages in the country over the years. Addressing the House of Representatives Committee on Finance, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zach Adedeji said that a lot of internal restructuring have been introduced since assumption of office,…
President Bola Tinubu says the inauguration of the first phase of the redline rail transit is the validation of democracy and commitment to a safe, efficient and affordable mass transport system The president stated this when he inaugurated and boarded the Redline train in Lagos President tinubu believes the commissioning will allow for massive economic…
Former Group Managing Director, FBN Holdings, Urum Eke has rejected his nomination as a member of Board of Directors of the Central Bank of Nigeria. Eke, an Executive Director at First Bank, was one of five others nominated and screened as CBN Directors by the Senate Committee on Banking headed by Senator Adetokunbo Abiru. In…
