The Nigerian naira closed out the month of April on a positive note, gaining N28.15 at the official market to trade at N1,390.96 against the […]
Category: Business
Business
SERAP Sues NNPC Over Alleged Missing $2.04 Billion and N164 Billion Oil Revenues
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for […]
EFCC Set to Prosecute 300 Forex Racketeers in Major Crackdown!
The Economic and Financial Crimes Commission (EFCC) is set to prosecute 300 forex racketeers operating on a peer-to-peer platform outside financial regulations. This move comes […]
Dangote Refinery Slashes Diesel and Aviation Fuel Prices: N940 and N980 per litre!
Dangote Petroleum Refinery has once again made headlines by announcing a significant reduction in the prices of diesel and aviation fuel. The new prices, set […]
Commission Shuts Down Abuja Chinese Supermarket for Discriminating Against Nigerians
The Federal Competition and Consumer Protection Commission has shut down an Abuja-based Chinese supermarket for allegedly discriminating against Nigerians and restricting entry to only Chinese […]
Police Bust Adulterated Wine Factory in Ogun State!
The Zone 2 Police Command, Onikan Lagos, has uncovered a building in Ado-Odo/Ota Local Government Area of Ogun State used to produce adulterated wine and […]
Dangote’s Diesel Price Slash Aims to Tackle Inflation, States Aliko Dangote
Dangote Group’s President, Alhaji Aliko Dangote, announced a significant cut in diesel prices by the Dangote Refinery, a move expected to impact inflation positively. With […]
Oil Prices Slide as US Crude Stockpiles Surge!
Oil prices fell on Wednesday as new data from the United States government revealed a larger-than-expected increase in crude oil and fuel inventories. The report […]
Ogun State Shuts Down Environmental Consult Firm Over Infractions
In a bid to enforce global environmental standards, the Ogun State Government has closed down Tera Aqua Environmental Consult in Sango Ota for serious environmental […]
CBN Bars Foreign Currency as Collateral for Naira Loans in Major Policy Shift!
The Central Bank of Nigeria (CBN) has issued a circular prohibiting the use of foreign currency (FCY) as collateral for Naira loans, signaling a significant […]