In a bid to safeguard the stability of the national currency, the Nigerian government has announced plans to implement stringent regulations on the burgeoning $57 billion cryptocurrency industry. Dubbed “Operation Rescue Naira,” the initiative aims to curb the perceived risks associated with digital currencies and protect the integrity of the…

The Nigerian National Petroleum Company Limited announced that it has addressed concerns about the present scarcity of Premium Motor Spirit, also known as petrol. NNPCL stated that the scarcity in certain parts of the country is due to logistical issues that have subsequently been remedied. Olufemi Soneye, Chief Corporate Communications…

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, the 287 school children abducted from Kuriga in Chikun Local Government Area of Kaduna State have been released. The children were taken by unidentified gunmen and were held captive for over two weeks. The release was confirmed by the Kaduna State Government on Sunday.   Prominent…