Economy

CBN: We Have Settled All Valid Forex Backlogs

CBN: We Have Settled All Valid Forex Backlogs

The Central Bank of Nigeria (CBN), yesterday, announced that all valid Foreign Exchange (FX) backlogs owed various sectors of the economy had been settled. The FX settlement fulfilled a key pledge of the CBN governor, Mr. Olayemi Cardoso, to...

Japa: 47 Countries Nigerians Can Travel To Without Visa

In the 2024 ranking of the Henley Passport Index, Nigeria has claimed the 95th spot among the world’s passports, lagging behind countries like Ghana, Guinea, Kenya, Lesotho, Morocco, Benin Republic, and Namibia. While Nigeria holds its position in the...

Saudi pledges investment in Nigeria`s refineries

The Government of Saudi Arabia has pledged investment in the revamping of Nigeria’s refineries. It also indicates interest in providing financial support to sustain the government’s determination of reforming the foreign exchange.Saudi Crown Prince Mohammed bin Salman made these...

NIC Stop NLC, TUC On Nationwide Action

The National Industrial Court, on Friday, restrained the Nigeria Labour Congress, NLC, Trade Union Congress, TUC, as well as their affiliates from embarking on any form of strike or industrial action.The organized labour were ordered to stop their planned...

FG Inaugurates CNG Conversion Center In Kaduna

The Presidential Compressed Natural Gas Initiative has inaugurated the Kaduna State CNG conversion centre as part of the Federal Government’s effort to mitigate the effect of subsidy removal.According to the Chairman of the Presidential CNG Initiative Steering Committee, Zacch...

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