In a surprising turn of events, the Nigerian Naira has appreciated significantly against the US Dollar, reaching an impressive milestone of N1,000 per dollar at the black market. This unprecedented surge marks a substantial increase from previous exchange rates, sparking optimism among traders and investors nationwide. Financial analysts attribute this…
Nigeria’s oil production has experienced another decline, falling to 1.23 million barrels per day (mbpd), according to recent data released by the Organization of the Petroleum Exporting Countries (OPEC). Recent data released by the Organization of the Petroleum Exporting Countries (OPEC) reveals a significant downturn in Nigeria’s oil production, plummeting…
In a significant development, a Lagos court has granted bail to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, setting the bail amount at N50 million. This decision follows a plea by Emefiele’s legal team and comes amidst ongoing legal proceedings. According to reports from credible Nigerian…
The Economic and Financial Crimes Commission (EFCC) has initiated a probe into 50 accounts associated with the Nigerian Ministry of Humanitarian Affairs, Disaster Management, and Social Development. Verified sources within the EFCC confirm this investigation, citing concerns over potential financial irregularities. These accounts, allegedly linked to the ministry’s operations, are…
Several customers of Guaranty Trust Bank (GTBank) were left stranded today as the bank encountered technical challenges across its digital platforms, leading to disruptions in services nationwide. According to reports, customers attempting to carry out transactions via GTBank’s online banking portal, mobile app, and ATMs were met with difficulties on…
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