Zainab Iwayemi
1676 articles published since 07 Jul 2023
1676 articles published since 07 Jul 2023
Numerous Nigerian filling stations were shut on Wednesday as a result of fuel scarcity as huge queues resurfaced at the few locations that sold Premium Motor Spirit.
A recent letter allegedly intended for banks, non-bank financial institutions, and other financial institutions has been deemed fraudulent by the CBN.
The chairman of the EFCC, Ola Olukoyede, has revealed startling information regarding how banks throughout the country lost more than N8 billion in 2022.
The federal government has grounded the operations of Dana Airlines until further notice following a recent incident involving one of its planes at the Lagos airport
Nigeria's foreign reserves dropped by $2.16 billion in March, hitting a seven-year low of $32.29 billion, according to Central Bank of Nigeria (CBN) data.
To strengthen the flagging economy, the Central Bank of Nigeria has tightened monetary policy, which is restricting lenders (commercial banks) from extending loans.
Cement bags weighing 50 kg used to cost between N10,000 and N15,000, but in recent weeks, the price has plummeted dramatically to between N7,000 and N8,000.
Dana Air management has apologised after its aircraft skidded off the runway of the Murtala Muhammed International Airport in Lagos on Tuesday morning.
According to the official rate that was derived from the FMDQ, the local currency closed at N1,234 to the dollar on Monday, April 22, making it N1,234/$.
Zainab Iwayemi
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