Kaduna DisCo warns customers over unpaid bills
The management of Kaduna Electricity Distribution Company has clarified misconceptions surrounding the payment for electricity consumed during Ramadan by residents…
Category: Local
$7bn FX: OPS threatens to sue banks over rejected applications
Some businesses within the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial banks for prolonged delays…
FG plans joint cable protection, disruption lingers in six countries
The Federal Government has urged West African nations to collaborate in protecting shared telecommunications infrastructure following a recent internet outage…
Dangote spends N15bn on food intervention programme
Aliko Dangote, President of the Dangote Group, has allocated approximately N15 billion to a food intervention programme launched in Kano.…
Nigeria tightens regulations on Crypto operators
Nigeria is intensifying its oversight of the cryptocurrency industry by updating regulations for crypto operators, notably involving Binance. The Securities…
House of Rep passes bill for enhanced judicial salaries
The House of Representatives has approved a bill aimed at increasing salaries and allowances for judicial office holders in Nigeria.…
Tinubu places ban on ministers’ foreign trips
President Bola Tinubu has put a temporary stop to ministers, agency heads, and government officials from going on publicly funded…
Budget cuts, extend wait for retiree benefits
The reduction in the budget for pensions and retiree benefits in the 2024 budget has led to further delays in…
Agricultural research spending fails to boost farmer output
Despite the federal government spending N266 billion on agricultural research institutes over the past five years, farmers’ output remains low,…
Govt derisking power sector to attract investments– Verheijen
Olu Verheijen, President Bola Tinubu’s energy special adviser, has highlighted ongoing government efforts to reduce risks in the power sector…
Senate passes bill for NYSC Trust Fund
The Senate has approved a bill put forward by Senator Yemi Adaramodu (APC, Ekiti) to establish the National Youth Service…
FG moves to address under-utilization of ports
Chief Adegboyega Oyetola, Minister of Marine and Blue Economy, emphasized the need for the federal government to fully support the…
African Guarantee Fund to support green finance
The African Guarantee Fund (AGF) is teaming up with the Nordic Development Fund (NDF) to assist banks in enhancing their…
LCCI raises alarm over soaring Inflation
The Lagos Chamber of Commerce and Industry (LCCI) has expressed deep concerns regarding the continuous rise in inflation, stating that…
Naira Strengthens To N1400/$ At Parallel Market
Parallel market operators are now quoting a buy price of N1400/$1 for individuals looking to sell dollars, indicating a significant…
Customs launches authorised economic operators programme
The Nigeria Customs Service (NCS) unveiled the Authorised Economic Operators (AEO) programme in Abuja on Wednesday, aiming to enhance ease…
CBN Clears Foreign Exchange Backlogs
The Central Bank of Nigeria (CBN) has announced the clearance of all valid foreign exchange backlogs, fulfilling a key pledge…
FBN Holdings appoints new directors under Otedola’s chairmanship
FBN Holdings, Nigeria’s oldest bank, has appointed three new directors for the HoldCo and two for the Bank, marking the…
Nigeria’s Economic Outlook Brightens As Brent Hits $86
Nigeria’s economic outlook has brightened with Brent crude oil prices surging to $86 per barrel, a significant increase from previous…
CBN lifts restrictions on milk and dairy imports
The Central Bank of Nigeria (CBN) has announced the lifting of restrictions on the importation of milk and dairy products.…
Jim Obazee allegedly request N2bn from CBN Gov over assignment
The Chairman of the Special Investigative Committee, Jim Obazee, has reportedly requested N2 billion from the Governor of the Central…
Unchecked frequencies of foreign airlines in Nigeria, threat to ‘local operators’
Local airline operators in Nigeria are expressing concern over the number of daily flights, or frequencies, that foreign airlines are…
Ali Pate to deliver keynote speech at NDFF 2024 conference
The Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, has been confirmed as one of the keynote…
Nigeria launches mega solar plant to boost national grid
Nigeria has taken a significant step towards clean energy by signing a deal to construct a 20MW hybrid hydro-solar power…
Prominent DR Congo journalist Stanis Bujakera freed
Prominent journalist Stanis Bujakera has been released from the notorious Makala prison in Kinshasa, Democratic Republic of Congo, despite authorities…
PH refinery: Marketers eye fuel price reduction, ready to load
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) are anticipating a…
Court directs Binance to provide data to EFCC Amidst Allegations
A Federal High Court in Abuja has directed Binance Holdings Limited, a cryptocurrency exchange platform, to furnish the Economic and…
Nigeria’s imported food inflation jumps to 29.8%
In February 2024, Nigeria witnessed a significant rise in imported food inflation, reaching a peak of 29.8%, up from 26.3%…
IOM, Japan to construct 9 healthcare facilities in Adamawa
The International Organization for Migration (IOM), in collaboration with the Japan International Cooperation Agency (JICA), has announced plans to construct…
Naira strengthens slightly against dollar, ends below N1,600/$1
In the official market, the Nigerian Naira experienced a modest improvement against the US Dollar, closing at N1,597.24 to $1,…