The Federal High Court in Ikeja, Lagos State, has ordered the remand of a former governor of the Central Bank of Nigeria (CBN) Godwin…
View More Court orders Emefiele to be Detained in EFCC custody
Category: Business
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…
View More NERC asks electricity distribution companies to refund customers for incorrect billing
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…
View More Banks set new ATM withdrawal limits for customers below CBN’s provision
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…
View More Nigerian govt announces increase in electricity tariff
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…
View More Bandits storm Zamfara mosque, kidnap Worshippers
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…
View More 11 Nigerian banks may be acquired as CBN upgrades minimum capital base to N500 billion
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
FG Reports Surge in Oil Earnings by N450bn in Two Months
According to recent reports on Nigeria’s oil production, the Federal Government has witnessed a significant increase in crude oil earnings, amounting to approximately N449.93bn over…
View More FG Reports Surge in Oil Earnings by N450bn in Two Months
Cement Prices Remain High Despite FG Meeting with Manufacturers
Following a crucial meeting with the federal government led by the Minister of Works, David Umahi, and the Minister of Industry, Trade, and Investment, Uzoka-Anite,…
View More Cement Prices Remain High Despite FG Meeting with Manufacturers
Rising Cost of Pure Water in Nigeria Sparks Concerns as Association Mulls Price Increase to N100 Per Sachet
The escalating price of sachet water, colloquially known as “pure water,” has prompted many Nigerians to seek more affordable alternatives such as borehole or well…
View More Rising Cost of Pure Water in Nigeria Sparks Concerns as Association Mulls Price Increase to N100 Per Sachet