Dangote Group’s President, Alhaji Aliko Dangote, announced a significant cut in diesel prices by the Dangote Refinery, a move expected to impact inflation positively. With […]
Category: Economy
Economy
Oil Prices Slide as US Crude Stockpiles Surge!
Oil prices fell on Wednesday as new data from the United States government revealed a larger-than-expected increase in crude oil and fuel inventories. The report […]
NERC: Over 20% of Band A Consumers Without Prepaid Meters
After one week under the new electricity tariff regime, reports from the Nigerian Electricity Regulatory Commission (NERC) indicate that over 20 percent of consumers in […]
Lagos Assembly to Probe Alleged Funds Mismanagement in Eti-Osa East LCDA
The Lagos State House of Assembly, through its member representing Surulere Constituency, Desmond Elliot, has announced plans to investigate allegations of misappropriation of funds against […]
Lagos State Ministry of Environment Demolishes Restaurant
The Lagos State Ministry of Environment’s Monitoring, Enforcement, and Compliance Department demolished a restaurant structure located on a drainage setback along Ademola Tokunbo Street, Victoria […]
Amnesty International Urges Nigeria to Halt Evictions in Lagos Waterfront Communities
A human rights organization, Amnesty International, has urged the Federal Government to retract a 21-day eviction notice issued to waterfront communities in Oworonshoki, Lagos, by […]
EFCC Probes 50 Bank Accounts, Recovers N30 Billion in Ministry Scandal
The Economic and Financial Crimes Commission (EFCC) is investigating 50 bank accounts in connection with alleged scandals in the Ministry of Humanitarian Affairs and Poverty […]
CBN Bans Use of Foreign Currencies as Collateral for Naira Loans
The Central Bank of Nigeria took a significant step on Monday to bolster foreign exchange liquidity by issuing a new circular instructing Deposit Money Banks […]
EFCC Launches Probe into Suspected Petroleum Product Dealers in Uyo Zone
The Uyo Zonal Command of the Economic and Financial Crimes Commission (EFCC) has initiated an investigation into the alleged illegal activities of eight suspected petroleum […]
CBN Bars Foreign Currency as Collateral for Naira Loans in Major Policy Shift!
The Central Bank of Nigeria (CBN) has issued a circular prohibiting the use of foreign currency (FCY) as collateral for Naira loans, signaling a significant […]