The Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the social media handles of their customers, as part of the standard Know-Your-Customer procedure, is not a breach of the right to privacy. Justice Nnamdi […]

Speakers of the 36 Houses of Assembly across the country have endorsed ongoing work by the National Assembly to make provision for state policing in the nation’s constitution. The speakers made their resolution known at the end of a meeting in Abuja on Thursday night. Recall that the Inspector-General of […]

The Naira yesterday depreciated in the parallel market to N1,540 per dollar from N1,530 per dollar on Wednesday. Similarly, the Naira yesterday depreciated to N1,533.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,533.99 per […]

There seems to be hope in the offing for Nigeria as its dwindling daily oil production turned the corner in April, rising marginally from 1.23 million barrels per day in March to 1.28 mbpd, according to the Organisation of the Petroleum Exporting Countries. OPEC, in its Monthly Oil Market Report […]

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that unbeknownst to young cryptocurrency traders in Nigeria, terrorists are using their trade to fund terrorism in the country. The EFCC boss said some of the people who receive money to trade in cryptocurrencies do not know […]

Nigeria’s headline inflation rate has increased to 33.69 per cent in April 2024 up from 33.20 per cent recorded in March 2024, the National Bureau of Statistics has said. This represents a month-over-month increase of 0.49 per cent points in the headline inflation rate, according to the Consumer Price Index […]

A significant milestone has been recorded in the implementation of the Nigeria-Morocco Gas Pipeline project according to ETAFAT, the firm overseeing the project. The company confirmed that the project has advanced a step forward following the commencement of topographic surveys in the northern section. The surveys covering Morocco, Mauritania, and […]

The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and operations. Among those affected are 39 Nigerian companies previously debarred by the African Development Bank (AfDB), […]

530 CNG buses for deployment in Lagos, Oyo, Kwara, FCT, others The process for nationwide deployment of Compressed Natural Gas (CNG) vehicles has commenced. Not less than 530 buses are to be deployed by the end of the month in six pioneering states. These are Oyo, Lagos, Kwara, Kogi, Kaduna, […]