Business News
Tinubu to continue Crude for Loan Deal till 2029 NNPC to continue the crude-for-loan deals in 2024 up till 2029. Despite being a significant oil producer and net exporter, Nigeria imported 47,000 barrels daily of US oil in 2024, which experts describe as unusual for an oil-producing country. The development comes amid reports saying that…
Meta announced on Tuesday that it’s ending its fact-checking program in the U.S. and is replacing it with a “Community Notes” system similar to Elon Musk’s-owned X. The new Community Notes model will now allow users on Meta’s social media sites Facebook, Instagram and Threads to call out posts that are potentially misleading and need…
Nigerians across Europe petition Tinubu, frustrated over hardship, plan Protests In United Kingdom & across Europe The Renewed Hope Vanguard in the petition signed by the coordinator, Mr. Dickson Ojema, said the CBN boss, Cardoso, had misled the government to “endorse very unrealistic and unattainable policies especially the floating of forex.” Some Nigerians in diaspora…
EFCC raises special taskforce against dollarisation of economy The Economic and Financial Crimes Commission, EFCC, has raised a Special Task Force in all its Zonal Commands to enforce extant laws against currency mutilation and dollarization of the economy. Its Spokesperson, Dele Oyewale, said this in a statement on Wednesday, in Abuja. According to him, the…
Release ex-CBN Gov. Emefiele “immediate and unconditional” court orders Tinubu The High Court of Justice in the Federal Capital Territory (FCT) has ordered the immediate and unconditional release of the immediate-past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice O.A. Adeniyi made the order after Emefiele filed a Motion Ex-parte, seeking his release…
[BREAKING] #Buhari approves continued use of old N200 notes for 60 Days Buhari has approved the continued use of the old N200 notes. The old N200 notes will coexist with the new N200 notes, the Nigerian leader said. He, however, did not allow the continued use of the old N500 and N1,000 notes, only saying…
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