Author: Olakunle Oke
Page: 37
The Central Bank of Nigeria (CBN) and international airlines operating in the country are at odds over the remaining amount of unpaid ticket revenue trapped in Nigeria. While the CBN claims to have settled all verified claims, amounting to $136.73 million, the International Air Transport Association (IATA) insists approximately $700 million remains outstanding. On Tuesday, […]
Get ready for an economic giant in the making! India is poised to become the world’s third-largest economy by 2027, boasting a colossal $5 trillion GDP, according to the nation’s finance ministry. This exciting prediction arrives just ahead of the highly anticipated interim budget announcement later this week. Fueling this ambitious forecast is India’s impressive […]
Renewed violence in Mangu, Plateau State, threatens the production of a staggering 477,900 metric tonnes of maize – enough to fill 24,000 18-wheeler trucks. This, if lost, could have rippling effects across the nation, impacting everything from flour to beer. Mangu, home to the state’s largest maize market, has faced ongoing attacks for over a […]
The $20 billion Dangote Refinery is set to shake up the oil market, announcing its first-ever import of crude oil from the United States. This groundbreaking move signifies a shift in the global energy landscape, with Nigerian refineries tapping into the abundant US oil supply. Trafigura Group, a major commodities trader, has reportedly sold two […]
The Nigerian naira has plunged to a record low of N1348.63 per dollar, marking a staggering 51.21% depreciation since last Friday and raising alarm bells across the nation. This historic low defies ongoing efforts by the Central Bank of Nigeria (CBN) and the federal government to stabilize the currency, leaving many wondering what lies ahead […]
The Central Bank of Nigeria’s (CBN) controversial plan to relocate some departments to its Lagos office is gaining momentum, with 1,500 staff members scheduled to begin working there this Friday. While the bank touts increased staff safety, boosted productivity, and decongestion as key motivators, the move has sparked heated debate. Proponents, aligned with the new […]
A 45-year-old Alimot Haruna has been taken into custody by the Lagos State Police Command for allegedly smuggling 42 northern children into Lagos without their parents’ consent. Alimot intended to compel all 42 children into child labour and trafficking. It was also learnt that the incident occurred on January 25 at about 5:45 pm. A […]
The Anambra State Government, through the state’s Ministry of Women and Social Welfare, has rescued a United States Table Tennis champion, Tania Okpala, who was found wandering the streets. Okpala was found wandering the streets of Awka, the state capital and was captured in a viral video currently circulating on social media. The state Commissioner […]
The Nigerian National Petroleum Company Limited (NNPCL) has shed light on its lack of remittance to the Federation Account in 2022, attributing it entirely to the burden of fuel subsidies. Chief Financial Officer Umar Ajiya stated that the subsidies prevented the company from generating revenue, paying taxes and royalties, or even turning a profit. Ajiya […]
Nigerian football heroes Olusegun Odegbami and Garba Lawal have issued a resounding call to arms for the Super Eagles, urging them to approach their Africa Cup of Nations Round of 16 clash against the Indomitable Lions of Cameroon with a potent mix of caution, focus, discipline, and self-belief. The stage is set for a titanic […]
