Forex: 200 BDC operators arrested, EFCC alleges fraud

Abiodun Sanusi, Damilola Aina The Economic and Financial Crimes Commission has arrested over 200 suspects in connection with foreign exchange scams and manipulation of the financial markets. Sources privy to the development... Read more »

Naira slide pushes Dangote diesel to N1,100/litre

By Okechukwu Nnodim The price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to N1,100/litre due to the crash of the naira against the... Read more »

Food imports hit N3tn over flooding, insecurity – CBN

By Damilola Aina The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023, Findings by The PUNCH have shown. According to the quarterly statistics of the... Read more »

PoS: Anger, frustration over high cost of cash withdrawals

ASABA — Nigerians have voiced anger over outrageous charges Point of Sale, PoS, operators take to withdraw money from their bank accounts. Citizens who spoke to Vanguard weekend expressed concern that PoS operators are... Read more »

Naira appreciates to N1,475/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday appreciated in the parallel market to N1,475 per dollar from N1,480 per dollar last weekend Similarly, the Naira appreciated to N1,468.99 per dollar in the Nigerian... Read more »

Air Peace to UKCAA: Allegation of safety violations against us false

Nigeria’s flag carrier, Air Peace, yesterday described as falsehood claims by the United Kingdom Civil Aviation Authority, UKCAA, that it was violating safety regulations in its operations. Recall that the UKCAA had... Read more »

Manufacturers wail as unsold goods pile up in warehouses

…As cost of living rises, purchasing power drops By Nkiruka Nnorom Manufacturers of fast-moving consumer goods, FMCG are in dire agony over the continued rise in unsold goods in their warehouses, a... Read more »

UK regulator reports Air Peace over alleged safety violation

Olasunaknmi Akinlotan The United Kingdom Civil Aviation Authority has written Nigeria’s Civil Aviation Authority stating Air Peace has reportedly violated some aviation safety regulations The development came barely three months after the... Read more »

Dangote petrol supply: FG may slash N6tn fuel import

By Dare Olawin •N520bn monthly fuel import expected to drop as Dangote begins supply June The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins... Read more »

CNG pumps: FG may fund installation as marketers lament high-cost

The Federal Government may consider assisting independent fuel marketers with funding to install Compressed Natural Gas sales pumps at filling stations across the country, Saturday PUNCH has learnt. This followed the lamentation of the... Read more »