Richard Teng, the CEO of cryptocurrency exchange Binance, has criticized Nigeria for setting a dangerous precedent by detaining its executives as part of a crackdown […]
Category: Economy
Economy
NNPC Assures Nigerians of Adequate Petrol Supply, Warns Against Panic Buying
The Nigerian National Petroleum Company Limited (NNPCL) has announced that it currently has over 1.5 billion litres of Premium Motor Spirit (PMS) petrol in stock, […]
Senate Sets Up Committee to Investigate Delay in Abuja Centenary Economic City Project
The Senate has established a seven-member ad-hoc committee to probe the factors hindering the completion of the $18.5 billion Abuja Centenary Economic City project, a […]
Federal Government Clarifies Lagos-Calabar Coastal Highway Procurement Process
The Federal Government has reiterated that the procurement process for the Lagos-Calabar Coastal Highway contract was followed diligently. Minister of Works, David Umahi, emphasized that […]
Central Bank of Nigeria Orders Cybersecurity Levy on Transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to begin charging a cybersecurity levy on transactions. According to a […]
Billionaire Arthur Eze Lauds Tinubu’s Leadership, Urges Support
Billionaire Arthur Eze has commended President Bola Tinubu’s inclusive style of governance, urging Nigerians to support him. In a viral video, Eze donated N20 million […]
Local and International Companies Show High Interest in Nigerian Oil Blocks for Bidding
Numerous indigenous and international oil companies have shown interest in bidding for the 12 onshore and seven deep offshore blocks offered for sale by the […]
IKEDC Reduces Tariff for Band A Customers
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. […]
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 […]