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 […]
Category: Economy
Economy
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 […]
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 […]