A fresh legal twist has emerged ahead of the 2027 election as the Nigeria Democratic Congress (NDC) and INEC are dragged to court over an emerging dispute.
The federal government declared Tuesday as public holiday for Eid ul Mawlid, with banks closing while digital services remain accessible nationwide.
The decision of President Bola Tinubu to suspend CBN Governor Godwin Emefiele helped stock investors like Jim Ovia make a whopping N14bn in just a few hours.
Five African countries have emerged with the highest number of dollar millionaires in 2023, with Nigeria ranking in the number 3 position on the continent.
The Central Bank of Nigeria is taking decisive steps to put an end to the practice of multiple exchange rates in the country and also end Emefiele schemes.
Naira fell massively against the US dollar as the Central Bank of Nigeria granted commercial banks the freedom to trade and sell dollar using the market rate.
Naira, under the leadership of the suspended CBN governor, Godwin Emefiele, suffered its worst depreciation, prompting president Tinubu to seek new solutions.
The Central Bank of Nigeria has issued an official directive to commercial banks, instructing them to exchange naira at the foreign exchange market freely.
Aliko Dangote has crashed on the Bloomberg Billionaire Ranking, sending him down six places to rank as the 78th richest man in the world from the 72nd position.
The newly introduced student loan by the federal government may comes as a good development, it however has a penalty for those who refuse to pay back the loan.
Prominent Nigerian economist, Bismarck Rewane, said Nigeria's fuel subsidy is reduced, not eliminated, as the government strives to maintain lower fuel prices.
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