The federal government has dragged Finance Holdings Limited to the Federal High Court, seeking compensation of $79.51 billion and N231 million for alleged economic losses caused by the operations of the cryptocurrency exchange company. In a suit marked FHC/ABJ/CS/1444/2024, the third against Binance, the Federal Inland Revenue Service (FIRS) i...
•Foodstuff open market The Centre for the Promotion of Private Enterprise (CPPE) yesterday cautioned that a drastic reduction in inflation figures does not equate to a decrease in the overall price level of goods and commodities. In a statement signed by Dr. Muda Yusuf, the CPPE warned that while the sharp deceleration in inflation should [&he...
Bank directors with non-performing insider-related loans have been given a quit order by the Central Bank of Nigeria (CBN). They are to step down immediately. The apex bank gave the directive in a circular signed by Acting Director in charge of Banking Supervision, Adetona Adedeji and sent to all commercial banks on Monday, reports The [&helli...
•Nigerian Senate The Senate has identified and corrected errors in the 2025 Appropriations Bill, which was passed by both the Senate and the House of Representatives last Thursday. The discrepancies were discovered during the final cleaning and realignment process by the Joint Committee on Appropriations, reports Channels TV. The corrections p...
•Nigerian students protest Nigerian students, under the aegis of The National Association of Nigerian Students, have rejected the recent increase in ATM charges by the Central Bank ank of Nigeria. In a statement issued yesterday by the Clerk of the Senate at NANS National Headquarters, Oladimeji Uthman, the association described the increment ...
The Manufacturers Association of Nigeria (MAN) yesterday told the federal government that the sector “is on its last breath” as “the future of the country will continue to hang in balance unless the plights of manufactures are adequately addressed with appropriate interventions.” MAN also declared that year 2025 is a critical period where the ...
•NLC President Comrade Joe Ajaero The Nigeria Labour Congress (NLC) has proposed a universal wage system and universal conditions of service for workers all over the globe. President of the NLC, Comrade Joe Ajaero, made the call at the Tripartite Panel on Global Coalition for Social Justice at the UN House, organised as part of […]
•Nigerian Senate Three hundred billion naira of the N700 billion added to the 2025 budget is for procurement of drugs and vaccines, a report by the National Assembly’s joint committee on appropriations has revealed. The report, a copy of which was obtained by our correspondent, said this and the requests to President Bola Ahmed Tinubu, [&helli...
Despite a N1.35 billion fine imposed on nine Deposit Money Banks (DMBs) and a 7,000-member taskforce deployed by the Central Bank of Nigeria (CBN) to monitor cash availability at Automated Teller Machines (ATMs), the cost of obtaining cash remained steep across the country. Nigerians continue to rely on Point of Sale (PoS) operators, who now [...
Officials of the Dangote refinery have said the controversial fuel allegedly bought from a filling station belonging to the Nigerian National Petroleum Company Limited did not emanate from the refinery. The officials, who spoke to our correspondent on condition of anonymity, said Nigerians testified to the quality of the Premium Motor Spirit f...