The Nigerian Electricity Regulatory Commission (NERC) has announced an increase in the prices of single-phase and three-phase meters, citing significant changes in foreign exchange rates […]
Category: Economy
Economy
CBN’s Ban on Fintechs Sparks Concern Among Bank Customers, Raises Questions on Financial Security
The Central Bank of Nigeria (CBN) has banned mobile money operators, including fintech firms, from onboarding new customers, causing panic among some bank customers. The […]
Naira Gains Ground Against Dollar, Appreciates to N1,275/$1
The Nigerian naira has shown signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This new rate […]
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 […]
Ned Nwoko Urges FG, CBN to Address Root Causes of Naira Depreciation
Senator Ned Nwoko of Delta North has cautioned the Federal Government and the Central Bank of Nigeria (CBN) against artificially inflating the Naira’s value. He […]
Armerican School Request Refund Details from EFCC for Yahaya Bello’s Children’s School Fees
The American International School of Abuja (AISA) has formally requested the Economic and Financial Crimes Commission (EFCC) to provide “authentic banking details” for the refund […]
House of Representatives Gears Up for Economic Transformation Retreat Following National Dialogue on Policing
Just days after hosting a national dialogue on Policing, the House of Representatives is set to convene a two-day retreat focusing on economic transformation and […]
Senate Panel Probing N30tn Ways and Means Loans Seeks Extension of Probe Deadline
The Senate panel investigating the N30tn Ways and Means loans secured from the Central Bank of Nigeria (CBN) by the Federal Government has announced its […]
Telecom Operators Seek Approval for Tariff Increase Amid Rising Costs
Telecommunications operators in Nigeria, including MTN Nigeria and Globacom, have requested approval from the Federal Government, through the Nigerian Communications Commission (NCC), to raise their […]
Dangote Refinery Ranked Above Top 10 European Refineries by Bloomberg
Bloomberg, a financial data and media company, has ranked the Dangote Refinery in Lagos State, Nigeria, above the top 10 biggest refineries in Europe. The […]