Banks Lose N5bn To Fraudsters In Nine Months – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) yesterday said banks in the country lost over N5 billion to fraudsters between January and September 2020. It said the losses, for only nine…
Crude Oil Price Crosses $70 After Missile Attack On Saudi Arabian Facilities
The price of Brent crude, the grade against which Nigeria’s crude oil is benchmarked, has crossed $70. The US West Texas Intermediate (WTI) was also trading at $66.88 per barrel.…
Crude Oil Hits $68 As Goldman Sachs Projects Prices May Rise To $80 By Q3
The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the decision of the Organisation of Petroleum Exporting Countries (OPEC) to…
Northern Traders Agree To Lift Ban On Food Supply To South
The leadership of cattle and foodstuff dealers under the aegis of the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) has agreed to lift its ban on the…
Cryptocurrency Ban Makes Nigerians More Vulnerable To Scams, Luno Says
Cryptocurrency trading platform Luno on Tuesday Central Bank of Nigeria’s (CBN) cryptocurrency trading will expose Nigerians to fraud and exploitation. “Any attempt to restrict access to cryptocurrency does not protect…
NNPC Has No Plans To Increase Fuel Price In March
The Nigerian National Petroleum Corporation (NNPC) said it has no plans to increase the price of petro in the month of March. NNPC spokesman Kennie Obateru in a statement said…
Don’t Just Fight For Salary Review, Save Nigeria – CSO Tells Labour, Trade Unions
A Coalition of Civil Society Organizations in its project tagged “Say No Campaign,” has called on labour leaders as well as their Trade Union counterpart to go beyond their core…
How Food Prices Increased In January, By NBS
The National Bureau of Statistics (NBS) at the weekend explained how prices of different food items rose in January 2021 The explanation is contained in its “Selected food price watch…
Cryptocurrency Should Regulated Osinbajo Urges CBN
Vice President Yemi Osinbajo says there is a need for the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to come up with robust regulations for…
Telecom Workers Threaten Services Disruption Over Anti-Labour Practices
Private Telecommunications and Communications Senior Staff Association of Nigeria has threatened to disrupt the activities of Huawei Technologies Nigeria if they kept denying workers the right to unionise. The labour…
