The Federal Government has announced that Nigeria's petrol consumption has dropped to 50 million litres per day with half of this demand being met by local refineries. As a result, Nigeria...
Read moreDetailsThe naira rose to N1,555 per dollar in the parallel market Tuesday, up from N1,570 per dollar last Friday. However, the Naira fell to N1,512 per dollar on the Nigerian...
Read moreDetailsThe Federal Government of Nigeria has launched a lawsuit attempting to compel cryptocurrency exchange Binance to pay $79.5 billion in economic damages attributed to its operations in the country, as...
Read moreDetailsThe Central Bank of Nigeria (CBN) has issued a directive requiring all banks and financial institutions to publicly disclose information regarding dormant accounts, unclaimed balances, and other financial assets. Banks...
Read moreDetailsThe Nigerian Electricity Regulatory Commission (NERC) has increased fines for power consumers found guilty of meter manipulation and unauthorised connections. Non-maximum demand (Non-MD) customers with single-phase meters will be subject to...
Read moreDetailsAirtel Nigeria has announced an increase in its data and call tariffs. This adjustment, which takes effect on February 17, 2025, follows the Nigerian Communications Commission's (NCC) approval of a...
Read moreDetailsThe National Bureau of Statistics (NBS) reported today that after rebasing the Consumer Price Index (CPI), the headline inflation rate declined by 10.32 percentage points to 24.48 percent in January...
Read moreDetailsAs the new week unfolds, several significant business developments will shape Nigeria’s economic landscape from February 17 to February 21. Here are the major stories to follow: CBN Schedules MPC...
Read moreDetailsPZ Cussons Nigeria Plc has declared its intention to turn a $34.26 million intercompany loan from PZ Cussons Holdings (PZCH), its parent company domiciled in the UK, into stock. Key...
Read moreDetailsThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant reduction in crude oil theft within the country. Oil theft has dropped from over 108,000 barrels per day (bpd)...
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