The Nigeria National Petrol Corporation limited NNPC, has denied plans to increase petrol pump price to N712. There have been speculations that the organization might increase the pump price any time soon. Over the weekend, Oil marketers said that if the dollar continues to trade at N910 to N950 at …
Read More »Tinubu ‘very concerned’ about Naira exchange rate
Worried about the rising exchange rate of the naira to the dollar, Nigeria’s President Bola Tinubu, met with the acting governor of the central bank, Folashodun Sonubi. At the meeting, both men discussed what “could be done to stabilize” the Nigerian currency and how to “improve the liquidity in the …
Read More »CBN acting Governor, Shonubi explains why Naira has been fallingwhy Naira has been falling
The acting governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, on Thursday, attributed the continuous of fall of Naira against dollar to present unofficial diaspora remittances. Shonubi stated this at the National Institute for Security Studies, Abuja where he delivered Distinguished Personality lecture titled: “Diaspora Remittances and Nigeria …
Read More »3 things to consider before you ‘Japa’
The grass may look greener on the other side for Nigerians planning to ‘japa’. However, there’s been shocking stories of the ordeal faced by Nigerians that have relocated abroad. Here are three things to consider before you Japa: (1) Stereotype Many countries such as Seychelles profile Nigerians as fraudsters. Nigerian …
Read More »10 visa-free countries for Nigerian tourists
Travelling for Nigerians increasingly requires adequate planning. In the recently released Henley Passport Index for Q2 2023, the Nigerian passport rose from its previous 100th position to 91st among the 199 countries and 227 travel destinations studied. The index showed The Gambia, leading the ECOWAS, ranked 72nd, Sierra Leone at …
Read More »Naira moves closer to N1000/$1 at parallel market
The naira dropped to a record low of N925/$1 on the parallel market on Wednesday as demand for foreign currency outweighed supply. Mohammed Gazali, a forex trader in Zone 4 Abuja, disclosed this to newsmen on Tuesday evening. Similarly, he said the dollar exchanged between N880 and N890 in Lagos. …
Read More »Okonjo-Iweala distances self from fake statement circulated, credited to her by APC camp
A former Nigeria’s Minister for Finance and currently the Director general of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has distanced herself from a fake statement circulated and credited to her by the camp of the All Progressives Congress (APC). Supporters of President Bola Ahmed Tinubu were caught pants-down …
Read More »Kano, Lagos, Kaduna Recorded Highest Registrations, Issuance Of NIN
Kano, Lagos and Kaduna topped the list of states with the highest registration and issuance of national identification numbers (NIN) in 2022, National Bureau of Statistics report reveals. According to the National Identity Registration statistics report which was released on Monday, the total registration for the 36 states and FCT …
Read More »Data Protection Bureau Fines Soko Loans ₦50 Million For Data Breach
FG not Data Protection Bureau has fined Soko loans N50m for data breach. 2: they found some banks in breach of data dem don pay the penalties imposed quietly. 3: they are investigating MoMo, flutterwave & others. 4: Nigeria has the capacity to monitor Meta & Goggle activities in Nigeria. …
Read More »US citizens and others will need to pay for a visa to travel to Europe starting in 2024
US citizens and others will need to pay for a visa to travel to Europe starting in 2024The European Union has announced new travel document requirements through its European Travel Information and Authorization System (ETIAS). Beginning in 2024, the European Union will require visitors to get pre-approval via the European …
Read More »