economy
News on the global economies
Tinubu Approves YABATECH’s Upgrade To University Status– Minister
Nigeria’s Oldest Polytechnic Transforms into a University, Paving the Way for Innovation, Technical Excellence, and Global Competitiveness
President Bola Tinubu has granted approval for the long-awaited conversion of Yaba College of Technology (YABATECH) into a university, marking a major milestone … Continue Reading
SHOCKING: US Congressman Alleges Obama, Biden Used USAID To Fund Boko Haram Terrorists
US Congressman Scott Perry Alleges USAID Funded Boko Haram and Other Terrorist Groups Under Obama and Biden Administrations
A US lawmaker, Rep. Scott Perry, has made a shocking allegation that the U.S. Agency for International Development (USAID) funneled taxpayer money … Continue Reading
Nigeria’s Oil Output Exceeds 1.5 Million BPD in January, Says OPEC
Nigeria’s Crude Oil Production Rises, But Challenges Loom for 2025 Goals
According to the latest Monthly Oil Market Report (MOMR) from the Organisation of Petroleum Exporting Countries (OPEC), Nigeria achieved a modest increase in its crude oil production,… Continue Reading
FG Takes Over Keystone Bank: Reasons And What It Means For Customers’ Money
FG Takes Over Keystone Bank: What Led to the Government’s Move and What It Means for Customers and Nigeria’s Banking Sector
The Federal Government (FG) has officially taken over Keystone Bank, raising concerns among Nigerians about the reason behind … Continue Reading
Naira Weakens Further, Trades at N1,570/$1 in Parallel Market
Abuja, Nigeria – The Nigerian naira continued its downward trend midweek, depreciating further against the US dollar in both the parallel and official foreign exchange markets.
The local currency fell to N1,570/$1 on Wednesday, weakening from N1,565/$1 recorded on … Continue Reading
JUST IN: NUC Hikes Private University Application Fee From N5m To N25m
NUC Increases Private University Application Fee to N25m, Imposes One-Year Moratorium on New Approvals to Strengthen Standards
The National Universities Commission (NUC) has significantly increased the application and processing fees for establishing private universities in Nigeria, raising concerns among prospective … Continue Reading
JUST IN: CBN To Increase ATM Withdrawal Charges From March 1—See New Rates
CBN Increases ATM Withdrawal Charges from March 1—Higher Fees Expected at Malls, Airports, and Other Off-Site Locations
Nigerians will pay more for ATM withdrawals starting March 1, 2025, as the Central Bank of Nigeria (CBN) has announced new transaction … Continue Reading
Tinubu Orders NIN Database Cleanup As FG Uncovers 6,000 Illegal NIN Registrations
FG Cracks Down on Illegal NIN Registrations, Deletes 6,000 Fraudulent Entries Linked to Nigerien Nationals
The Federal Government has uncovered over 6,000 illegal National Identification Numbers (NIN) registered by Nigerien nationals in Nigeria’s database.
President Bola Tinubu has ordered an … Continue Reading
Nigeria’s Treasury Bills Attract N3.22tn Amid High Yields
Abuja, Nigeria – Nigeria’s latest treasury bills auction has drawn significant investor interest, with total subscriptions reaching N3.22 trillion, reflecting strong appetite amid rising yields and tight monetary conditions.
The auction, conducted by the Debt Management Office (DMO) on behalf … Continue Reading
JUST IN: Judge Blocks Musk’s DOGE Team From Accessing Treasury Data Over Security Risks
A U.S. judge has issued an emergency order preventing Elon Musk’s Department of … Continue Reading