Samuel Nwite
AUTHOR: Samuel Nwite
Nigerian Power Minister calls for removal of electricity subsidy
The Minister of Power, Chief Adebayo Adelabu, has declared that Nigeria should transition to a full cost-reflective tariff regime to address the challenges plaguing...
CBN Sets $1m capital requirement for IMTOs, Introduces other guidelines
In a major regulatory development, the Central Bank of Nigeria (CBN) has introduced robust measures to enhance oversight and transparency within the international money...
Tesla’s $55.8 Billion Compensation Package for Elon Musk Voided by Delaware Court
Delaware Chancery Court Chief Judge, Kathaleen McCormick, has ruled to void Tesla CEO Elon Musk's extravagant $55.8 billion compensation package, stating that it was...
IMF Downgrades Nigeria, South Africa’s 2024 Economic Growth
The International Monetary Fund (IMF) has made adjustments to its economic growth forecasts, affecting key African economies, including Nigeria and South Africa.
The revisions, outlined...
Nigeria Orders Banks to Sell Excess Dollar Stock by Feb 1 as BDC Union...
As part of efforts to stabilize Nigeria's volatile exchange rate, the Central Bank of Nigeria (CBN) has taken fresh measures, directing Deposit Money Banks...