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Airfares Rise By 18.03% In Nigeria – NBS

THE average airfare paid by passengers for specified routes for a single journey increased by 18.03 per cent, year-on-year. The National Bureau of Statistics, NBS, disclosed this in its latest Transport Fare Watch for February 2024. According to the report, airfare (single route) rose to N88,000.00 in February 2024 compared …

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FG Sends Interpol After Fleeing Binance Director

MINISTER of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government. The minister said the International Police (Interpol) were currently on Anjarwalla’s …

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PHOTOS: NSCDC Discovers Illegal Refinery Site In Rivers State

A massive illegal refinery site in Odagwa forest, located in the Etche Local Government Area of Rivers State, has been discovered and successfully dismantled by officers from the Nigeria Security and Civil Defence Corps (NSCDC). Newsextra24 reports that the NSCDC spokesperson in Rivers State, Olufemi Ayodele, confirmed this in a statement issued on …

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How Terrorist Groups Are Funded – NFIU

THE Nigerian Financial Intelligence Unit (NFIU), on Monday, disclosed how terrorist groups in the country were funded. The NFIU, in a newsletter, disclosed that terrorist groups received funds through crowdfunding, online transactions, and betting platforms. The financial intelligence unit said it had identified a “network of affiliates of the Indigenous …

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Geregu, Dangote Cement, BUA, Transcorp Shield Market From Rate Hike

THE Nigerian stock market has exhibited resilience, buoyed by the shares of companies associated with four Nigerian billionaire businessmen, despite the Central Bank of Nigeria’s (CBN) significant interest rate hike last month. In the first Monetary Policy Committee meeting under Governor Olayemi Cardoso, the CBN increased the monetary policy rate …

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