Nigeria’s Discos generate N3.95tn revenue in five years
Nigeria’s electricity distribution companies collectively generated about N3.95 trillion in revenue between 2019 and the first quarter of 2024. This was disclosed through NBS data...
Naira rises to N1,600 /$ in parallel market
The Naira gained strength in the parallel market, rising to N1,600 per dollar on Thursday from N1,615 per dollar on Wednesday. In contrast, the Naira...
Why Petrol Queues Won’t Go – TUC President Osifo
Amid recent petrol scarcity in the country, the President of the Petroleum and Natural Gas Senior Staff Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo,...
NAFDAC launches crackdown on fake milo chocolate drinks
The Bauchi State office of the National Agency for Food and Drug Administration and Control, NAFDAC, has launched a three-day operation to address the issue...
Naira down to N1,600/$ in parallel market
The Naira, yesterday, fell to N1,600 per dollar in the parallel market, down from N1,590 per dollar over the weekend. In contrast, the Naira gained...
Naira weakens further, hits N1,590 per Dollar in parallel market
The Naira experienced a further decline yesterday, falling to N1,590 per dollar in the parallel market, down from N1,580 on Monday. Similarly, in the Nigerian...
SERAP drags CBN to court for failing to account for N100bn dirty notes
The Socio-Economic Rights and Accountability Project (SERAP) has announced that it has taken legal action against the Central Bank of Nigeria (CBN) over the alleged...
Reps wade into Dangote refinery, NMDPRA, NNPC row
The House of Representatives has promised to investigate the ongoing spat between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The...
N70,000 new minimum wage applies to domestic workers — Akpabio
Senate President Godswill Akpabio has announced that the newly approved minimum wage will apply universally to all workers across both public and private sectors, including...
EFCC arrests banker, three others for currency fraud
Operatives of the Kano Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested a banker, Kamaluddeen Lawal and three businessmen for recycling and...