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US, Iran set to sign peace deal Friday

US, Iran set to sign peace deal Friday

By Favour Ulebor & Agency Report The United States and Iran have reached a tentative agreement aimed at ending months of conflict, with both sides expected to formally sign a peace deal in Switzerland on Friday. The proposed agreement includes the cessation of military operations, the reopening of the Strait of Hormuz and the lifting […]

Cardoso launches Nigerian overnight financing rate

Cardoso launches Nigerian overnight financing rate

By Emma Ujah, Abuja Bureau Chief The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has launched the Nigerian Overnight Financing Rate (NOFR), saying financial systems must continue to evolve to meet changing economic realities. The NOFR is a daily benchmark interest rate introduced by the CBN in collaboration with the Financial Markets […]

Reps extend 2025 capital budget implementation to September

Reps extend 2025 capital budget implementation to September

“It is very straightforward. Because some aspects of the capital appropriation will not be fully implemented, if we do not extend the life of this particular law, it will have a very grave impact on the growth and development of the national economy,” Ihonvbere said.

Customs arrest 4 over N126.4m elephant tusks in Ogun, Lagos

Customs arrest 4 over N126.4m elephant tusks in Ogun, Lagos

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone A, Lagos, has announced the arrest of four suspected wildlife traffickers and the seizure of 22 pieces of elephant tusks weighing 130.84 kilograms in a joint operation with the National Environmental Standards and Regulations Enforcement Agency (NESREA) and the Wildlife Justice Commission (WJC).