The Ikeja Electricity Distribution Company (IKEDC) has announced a reduction in the tariff payable by its Band A customers from N225 per kilowatt-hour to N206.80/kWh. […]
Category: Economy
Economy
Nigerian Fintech Companies Warn Against Cryptocurrency Trading
Nigerian fintech companies, including Opay, Moniepoint, PalmPay, and Paga, have cautioned their customers against engaging in cryptocurrency or virtual currency trading on their platforms. They […]
EFCC Reveals Alleged Misappropriation of N2.2 Trillion by Former Governors
According to the Economic and Financial Crimes Commission (EFCC), a staggering N2.2 trillion has allegedly been looted, embezzled, laundered, or misappropriated by 58 former governors […]
Tinubu Pledges to Boost Industrialization, Promote Affordable Local Vehicles
President Bola Tinubu has reaffirmed his commitment to implementing policies that will drive industrialization in Nigeria. In a meeting with the African Association of Automotive […]
Federal Government Adds 625MW to National Grid, Boosting Wheeling Capacity
The Federal Government has announced the addition of 625MW of power to the national grid, increasing its wheeling capacity to 4800MW. Mr. Bolaji Tunji, Special […]
Naira Depreciates to N1,365 per Dollar in Parallel Market
The Naira faced a depreciation, reaching N1,365 per dollar in the parallel market from N1,320 per dollar previously. Simultaneously, in the Nigerian Foreign Exchange Market […]
Federal Government Raises N11 Trillion Through Treasury Bills and Bonds
The Federal Government has garnered a total of N11 trillion through auctions and sales of Treasury bills and savings bonds issuance over four months, as […]
Cubana Chief Priest Advises Nigerians to Avoid EFCC Troubles Over Naira Abuse
Socialite Cubana Chief Priest, also known as Pascal Okechukwu, has cautioned Nigerians against getting into trouble with the Economic and Financial Crimes Commission (EFCC) over […]
VP Shettima Defends Tough Economic Decisions by President Tinubu’s Administration
Vice President Kashim Shettima has defended President Bola Tinubu’s tough economic decisions, stating they were necessary to address the challenges inherited from the previous administration. […]
Nigeria Police Force Launches Schools Protection Squad in Kano State
The Nigeria Police Force (NPF) has launched the Schools Protection Squad (SPS) in Kano state to safeguard schools, students, and teachers from kidnappers and armed […]