Author: Aisha Muhammed

Business

Analysts cheer CBN’s ban on foreign currency collateral for Naira loans

Some financial analysts have supported the Central Bank of Nigeria (CBN)’s move to eliminate foreign currency-denominated collateral, expecting it to stabilize the economy by improving dollar availability in the foreign exchange (FX) market while addressing currency liquidity challenges. The Central Bank of Nigeria (CBN) has prohibited the utilization of foreign […]

Business

Nigerian Army confirms arrest of soldiers over alleged involvement in cable theft at Dangote Refinery

The Nigerian Army has confirmed the arrest of two soldiers for their alleged involvement in the theft of armoured cables at Dangote Refinery in Lagos State. The soldiers identified as CPL Innocent Joseph and L/CPL Jacob Gani, were arrested last Sunday after they were allegedly caught moving out of the facility with 897 […]

Business

FG denies reinstating fuel subsidy

The Minister of State for Petroleum Resources and the Nigerian National Petroleum Company Limited have denied reports claiming that petroleum subsidy has been reinstated by the Tinubu-led government.   Recall that the immediate past governor of Kaduna state, Nasir El-Rufari, recently claimed that the Federal government is still paying subsidy […]