Business
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Naira appreciates 0.6% against dollar at the official market
On Monday, Naira appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform…
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Kaduna Electric cuts off Gov Sani’s office over unpaid electricity debt
Kaduna Electric cut off power to the government office of Governor Uba Sani and other government agencies because they owe…
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WhatsApp may suspend operations in Nigeria over regulatory demands
WhatsApp may withdraw its services from Nigeria due to increasing regulatory demands, just one week after being fined $220 million…
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NCC orders Telcos to reactivate blocked SIM cards
The Nigerian Communications Commission (NCC) has instructed telecommunications operators to promptly restore all phone lines that were blocked due to…
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Minimum wage: N70,000 is official!
President Bola Ahmed Tinubu has just signed a new law raising the minimum wage to N70,000, making it 112% higher…
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Account for N100bn dirty notes, SERAP asks CBN
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria “over the failure to…
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US justice department counters TikTok’s lawsuit, citing national security concerns
The US Justice Department has responded to TikTok's civil suit, arguing that a law forcing the app to be sold…
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PCN cracks down on unlicensed pharmacies, shuts 571 premises in Bauchi state
The Pharmacists Council of Nigeria (PCN) has taken drastic measures to ensure public health and safety by shutting down 571…
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CBN disburses $148m to 29 authorised dealers
The Central Bank of Nigeria has disbursed $148m to 29 authorised dealers as part of steps to stabilise the foreign…
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Nigeria’s ‘Yahoo Boys’ behind rise in financial sextortion scams, Meta cracks down
Nigeria's notorious 'Yahoo Boys', online fraudsters named after the popular email service, are behind a surge in financial sextortion scams…
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Discos rake in N291 billion despite unstable power supply nationwide
Nigeria's electricity distribution companies (Discos) made N291.62 billion in the first quarter of 2024, despite a severe power crisis in…
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Reps call for suspension of NMDPRA boss over Dangote Refinery comments
The House of Representatives has called on President Bola Tinubu to suspend the Chief Executive of the Nigerian Midstream and…
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AfDB invests $10.9bn in Nigeria- Barrow
The Director-General of West Africa Region, African Development Bank, Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria stands…
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Buy me out and run Dangote Refinery the way you want – Aliko Dangote to NNPCL
Africa’s wealthiest man and Founder of the Dangote Group of Companies, Aliko Dangote has revealed, in frustration, that he is willing to…
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FG set to distribute 30,000 CNG conversion kits to drivers
Michael Oluwagbemi, Chief Executive Officer (CEO) and Programme Director of the Presidential Compressed Natural Gas (CNG) Initiative has revealed that…
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TCN issues disconnection notice to AEDC over market rules violations: potential power outage looms
The Transmission Company of Nigeria (TCN) has issued a notice of disconnection to the Abuja Electricity Distribution Company (AEDC) due…
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Governor Abba Yusuf approves N29bn for capital projects in Kano
The Kano State Government has now authorized a total of N29 billion for the initiation and completion of capital projects…
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Economists, political analysts, disappointed with N70,000 minimum wage
Some economists and political analysts have been let down by the newly approved N70,000 minimum wage for Nigerian workers.
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NNPC’s ‘secret’ subsidy bill set to soar as petrol landing cost hits N1,117/litre
The Nigerian National Petroleum Company (NNPC) is facing a surge in its 'secret' subsidy bill due to rising petrol landing…
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Minimum Wage: We were offered N250,000, we turned it down — NLC
The Nigeria Labour Congress (NLC), through its President, Joe Ajaero, has offered reasons why it refused the offer of President…
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BREAKING: Labour, FG finally agree on N70,000 minimum wage
Leaders of Organized Labour, including the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), have confirmed that they…
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Dangote refinery bemoans price inflation by IOCs
Dangote Industries Limited (DIL) has accused International Oil Companies (IOCs) of inflating prices and hindering access to local crude oil…
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Police apprehends Crypto trader BLord over alleged terrorism funding, hands him to FCID for questioning
A cryptocurrency and bitcoin trader, Linus Williams, known to many as BLord, has been apprehended by Nigerian Police Force (NPF)…
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Two days after appointing Adekambi, Tinubu reinstates Zabbey as HYPREP Coordinator
President Bola Tinubu has taken back the appointment of former Ondo Commissioner, Dr. Femi Adekambi as the project coordinator of…
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Headline inflation surges to 34.19% in June
Nigeria’s inflation rate increased to 34.19% in June 2024, this is according to data released by the National Bureau of…
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Minimum wage: It is the duty of Organized Labour to enforce payment – SGF Akume
The Secretary to the Government of the Federation (SGF), George Akume, has said that Organized Labour must enforce compliance with…
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NBS reveals how much Nigerian officials pocketed in bribes
Nigerian officials took home $1.3 billion in bribes last year, according to the National Bureau of Statistics (NBS).
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Minimum Wage: Ajaero, Osifo lead Labour delegation to Tinubu as talks intensify
Festus Osifo, the Trade Union Congress (TUC) President and Joe Ajaero, the Nigerian Labour Congress (NLC) President, as well as…
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Supreme Court orders FG to release funds to LGs
The Supreme Court has ruled that the federal government must directly disburse funds allocated for local governments.
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FACT-CHECK: Are there LGBT clauses in Samoa Agreement Nigeria signed?
On Thursday, Daily Trust reported concerns by sections of the Nigerian religious and civil society communities over clauses that mandate…
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Peter Obi emphasizes the need for investment in health, education sectors
Labour Party (LP) 2023 presidential candidate and former Anambra State governor, Peter Obi, has urged government at all levels and…
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Depots raise PMS price to N720/litre as scarcity beckons in Lagos, others
Fuel scarcity is creeping back into the Lagos metropolis and several other states as depot owners seem to have jacked…
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Analysis: What should you do with your GTCO shares? Buy? Sell? Hold?
Guaranty Trust Holding Company (GTCO) is one of the leading financial institutions in Nigeria and one of the five largest…
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Former NBA chairman calls for repeal of PIA, FG disagrees
Former Chairman of the Nigerian Bar Association and Senior Advocate of Nigeria (SAN), Olisa Agbakoba, has called for the repeal…
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FG frees GenCos others from Withholding Tax
The Federal Government has grouped all electricity companies together, including the Generation and Distribution Companies (GenCos and DisCos), and exempted…
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Court orders former Humanitarian minister Umar-Farouq to account for N729bn
A Lagos Federal High Court sitting has ordered former Minister of Humanitarian Affairs, Disasters Management and Social Development, Sadiya Umar-Farouq,…
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BREAKING: Nigeria puts pause on tax, import duties for maize, wheat, others
The Federal Government of Nigeria has announced that it will be suspending the duties, tariffs, taxes and levies previously imposed…
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President Tinubu calls Nigeria’s electricity generation shameful
The President of the Federal Republic of Nigeria, Bola Ahmed Tinubu has described Nigeria's current production of 4.5 gigawatts (GW)…
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House on the Rock, Del-York partner to empower youth with job-placement program
The Senior Pastor, House On The Rock (HOTR), Pastor Paul Adefarasin has announced a collaboration with Del-York with sponsorship from…
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We’ve cleared pension backlogs, paid N140bn into CPS – Governor Sanwo-Olu
Lagos State Government on Friday reiterated its commitment to engaging local engineers and students in higher institutions to ensure the…
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