The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director […]
Category: Economy
Economy
Petrol Prices Soar Beyond N1,100 as Crude Costs Surge
The pump price of petrol has skyrocketed to between N1,050 and N1,150 per litre, driven by an increase in crude oil prices and new pricing […]
NSCDC Parades 36 Suspects for Vandalism and Theft in Abuja
The Federal Capital Territory (FCT) Command of the Nigeria Security and Civil Defence Corps (NSCDC) has apprehended 36 suspects for vandalism, theft, and destruction of […]
Court Sets January 20 for Arraignment of Oba Otudeko, Ex-First Bank MD Over Alleged N12.3bn Fraud
The Federal High Court in Lagos has scheduled January 20, 2025, for the arraignment of Chief Oba Otudeko, Chairman of Honeywell Group, and Stephen Onasanya, […]
UAE President Accepts President Tinubu’s Invitation to Visit Nigeria, Strengthens Bilateral Ties
In a bid to foster stronger bilateral relations and deepen economic cooperation, UAE President Sheikh Mohamed bin Zayed Al Nahyan has accepted an invitation from […]
OPEC: Dangote Refinery Reshaping Global PMS Market, Impacting European Exports
The Organisation of the Petroleum Exporting Countries (OPEC) has recognized the transformative impact of Nigeria’s Dangote Petroleum Refinery on the global Premium Motor Spirit (PMS) […]
Ex-Kaduna Governor’s Adviser, Others Face ICPC Charges for Alleged Fraud, Money Laundering
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has charged Olajimi Lawal, a former Special Adviser/Counsellor to ex-Kaduna State Governor Mallam Nasir El-Rufai, […]
CBN Fines Nine Banks N1.35bn for Cash Disruption During Festive Season
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35bn on nine Deposit Money Banks for failing to ensure cash availability via Automated Teller […]
Sanwo-Olu Signs Record N3.36 Trillion Lagos 2025 Budget into Law
Lagos State Governor Babajide Sanwo-Olu has signed the state’s N3.366 trillion 2025 Appropriation Bill, dubbed the “Budget of Sustainability,” into law. The budget represents a […]
EFCC Dismisses 27 Officers Over Misconduct, Investigates $400,000 Allegation
The Economic and Financial Crimes Commission (EFCC) announced the dismissal of 27 officers in 2024 for misconduct and fraudulent activities, as part of its commitment […]