Former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, on Monday, appeared before the Special Offences Court in Lagos, where the Economic and Financial Crimes…
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Category: Business
‘Devilish conspiracy’ – Air Peace boss, Onyema slams foreign airlines over price slash
The Chairman of Nigerian indigenous carrier, Air Peace, Mr Allen Onyema, has raised the alarm that foreign carriers operating the Nigeria-UK route are allegedly conspiring…
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Don’t transact in dollar – EFCC warns schools, hotels, others
The Economic and Financial Crimes Commission, EFCC, has warned schools, supermarkets, hotels and others against charging for services in the country in dollar or any…
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Court orders Emefiele to be Detained in EFCC custody
The Federal High Court in Ikeja, Lagos State, has ordered the remand of a former governor of the Central Bank of Nigeria (CBN) Godwin…
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NERC asks electricity distribution companies to refund customers for incorrect billing
The Nigerian Electricity Regulatory Commission (NERC) has instructed all Electricity Distribution Companies (DisCos) to implement the April 2024 Supplementary Multi-Year Tariff Order. The directive, aimed…
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Banks set new ATM withdrawal limits for customers below CBN’s provision
Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), Bellnews can report. Findings by bellnews also showed the limits vary across…
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Nigerian govt announces increase in electricity tariff
The Nigerian Electricity Regulatory Commission, NERC, has given the go-ahead to raise the electricity rates for customers in the Band A category. During a press…
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Bandits storm Zamfara mosque, kidnap Worshippers
Bandits on Tuesday attacked a mosque in Gusau, capital of Zamfara State, and kidnapped scores of worshippers. It was learnt that the attack was carried…
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11 Nigerian banks may be acquired as CBN upgrades minimum capital base to N500 billion
The Central Bank of Nigeria’s (CBN) recent announcement of new minimum capital requirements has stirred significant speculation within the banking sector. With the unveiling…
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Nigeria’s debts rise to N97.3tr in 2023 as Lagos tops states’ borrowings – See list Of Borrowing state and What They Owe
The total debt stock of Nigeria rose to N97.341 trillion or $108.229 as of December 31, 2023, the Debt Management Office (DMO) has said.The DMO…
View More Nigeria’s debts rise to N97.3tr in 2023 as Lagos tops states’ borrowings – See list Of Borrowing state and What They Owe