The Federal Government’s approval of a 50% hike in telecommunications tariffs has sparked widespread backlash, with the Nigeria Labour Congress (NLC) leading calls for Nigerians […]
Category: Economy
Economy
Tinubu Administration Spends N300 Billion on FCT Development, Says Wike
The administration of President Bola Tinubu has invested over N300 billion in the development of the six Area Councils in the Federal Capital Territory (FCT), […]
CBN Governor Pledges to Address Commoditization of the Naira
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has pledged to tackle the growing trend of Naira commoditization, describing it as […]
World Bank Debars Nigerian Firms, CEO for Corruption in Social Safety Nets Project
The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director […]
Petrol Prices Soar Beyond N1,100 as Crude Costs Surge
The pump price of petrol has skyrocketed to between N1,050 and N1,150 per litre, driven by an increase in crude oil prices and new pricing […]
NSCDC Parades 36 Suspects for Vandalism and Theft in Abuja
The Federal Capital Territory (FCT) Command of the Nigeria Security and Civil Defence Corps (NSCDC) has apprehended 36 suspects for vandalism, theft, and destruction of […]
Court Sets January 20 for Arraignment of Oba Otudeko, Ex-First Bank MD Over Alleged N12.3bn Fraud
The Federal High Court in Lagos has scheduled January 20, 2025, for the arraignment of Chief Oba Otudeko, Chairman of Honeywell Group, and Stephen Onasanya, […]
UAE President Accepts President Tinubu’s Invitation to Visit Nigeria, Strengthens Bilateral Ties
In a bid to foster stronger bilateral relations and deepen economic cooperation, UAE President Sheikh Mohamed bin Zayed Al Nahyan has accepted an invitation from […]
OPEC: Dangote Refinery Reshaping Global PMS Market, Impacting European Exports
The Organisation of the Petroleum Exporting Countries (OPEC) has recognized the transformative impact of Nigeria’s Dangote Petroleum Refinery on the global Premium Motor Spirit (PMS) […]
Ex-Kaduna Governor’s Adviser, Others Face ICPC Charges for Alleged Fraud, Money Laundering
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has charged Olajimi Lawal, a former Special Adviser/Counsellor to ex-Kaduna State Governor Mallam Nasir El-Rufai, […]