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The International Monetary Fund has reported that the naira is showing signs of stabilisation, attributing this to recent interest rate hikes and efforts by the Central Bank of Nigeria to address foreign exchange backlogs. The IMF disclosed this in its latest Global Financial Stability Report, which was seen by The PUNCH on Wednesday. According to
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The removal of fuel subsidies in Nigeria has significantly reduced cross-border smuggling of Premium Motor Spirit. This is according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari. Kyari stated this in an interview with Channels TV on Sunday, explaining that the subsidy created a price disparity between
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The removal of fuel subsidies in Nigeria has significantly reduced cross-border smuggling of Premium Motor Spirit. This is according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari. Kyari stated this in an interview with Channels TV on Sunday, explaining that the subsidy created a price disparity between
Justice Ayokunle Faji of the Federal High Court in Lagos, on Monday, adjourned till November 30, 2024, the hearing of the suit filed by Barbican Capital Limited against First Bank of Nigeria Holdings Plc, over a dispute concerning N5,386,397,202 shares, valued at approximately N5.3bn. Barbican Capital, the plaintiff in the suit marked FHC/L/CS/1172/24, claimed to
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Justice Ayokunle Faji of the Federal High Court in Lagos, on Monday, adjourned till November 30, 2024, the hearing of the suit filed by Barbican Capital Limited against First Bank of Nigeria Holdings Plc, over a dispute concerning N5,386,397,202 shares, valued at approximately N5.3bn. Barbican Capital, the plaintiff in the suit marked FHC/L/CS/1172/24, claimed to
The Edo State Governor, Mr. Godwin Obaseki, has approved the extension of the free bus scheme implemented by the state…