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Article 'EFCC, INTERPOL Hunt Down CBEX Fraudsters After ₦1.3 Trillion Ponzi Collapse'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The World Bank is set to approve a $2.2 billion loan for Nigeria in 2025, funding six key projects in education, health, digital infrastructure, and economic resilience. While aimed at development, concerns over Nigeria’s rising debt persist as the country remains the third-largest borrower from...
Dangote Petroleum Refinery has reduced its ex-depot petrol price to N825 per liter, marking the second price cut in February. The move aims to ease financial burdens, support economic recovery, and provide relief during Ramadan. Consumers in Lagos can now buy petrol at N860–N865 per liter...
NNPC GCEO Mele Kyari was walked out of a House of Representatives tax reform hearing for failing to submit his presentation on time. Committee Chairman James Faleke ruled that Kyari could return later with the required documents. The incident highlights tensions over Nigeria’s ongoing tax policy...
Nigerian edtech startup Edukoya has shut down after three years, citing market challenges, poor internet connectivity, and low adoption rates. Despite raising $3.5 million in pre-seed funding and serving 80,000 students, the company chose to return investor capital rather than struggle in a...
The FCCPC has summoned MultiChoice Nigeria over its planned DStv and GOtv subscription price hikes, set for March 1, 2025. The commission is investigating potential market abuse and unfair pricing strategies. Failure to comply may result in regulatory sanctions, as Nigerians express frustration...
Nigeria’s GDP grew by 3.84% in Q4 2024, driven by a strong Services sector, according to the NBS. The report also highlighted a drop in inflation to 24.48% in January 2025. However, the industrial sector declined, and oil production saw a slight dip compared to the previous year.
Nigeria’s...
The U.S. has released its 2025 Visa Waiver Program (VWP) list, excluding Nigeria, the UK, and other African nations. While Romania was newly added, travelers from ineligible countries must apply for a visa. The update introduces new travel policies and eligibility criteria for visa-free entry...
![Today's Naira Rate [25-02-2025]: Naira Strengthens in Parallel Market, Closes at N1,500/$](/data/attachments/213/213820-33629599deb2b4733651256db6caa0ff.jpg?hash=FXjrHIaYd4)
The naira surged to a seven-month high, appreciating to N1,500 per dollar in the parallel market, driven by increased dollar supply. Meanwhile, the official exchange rate depreciated slightly to N1,504 per dollar, narrowing the gap to N4 per dollar. Experts predict continued stability if market...
MultiChoice Nigeria has announced a price increase for DStv and GOtv subscriptions, effective March 1, 2025. The company attributes the hike to inflation and naira depreciation. The adjustment affects all packages, with DStv Premium rising to ₦44,500 and GOtv Supa Plus now ₦16,800, sparking...
Air Peace CEO Allen Onyema has hailed the Ekiti State Airport as one of the best globally, praising its modern infrastructure and ability to handle large aircraft. He emphasized its economic potential, while state officials highlighted its readiness for full commercial operations and its role in...
The Federation Account Allocation Committee (FAAC) has indefinitely postponed its February 2025 meeting. The delay raises concerns about revenue allocation to federal, state, and local governments. No reason was given, but a new date will be announced later. Stakeholders worry about financial...
Atedo Peterside warns that Nigerian elites risk normalizing deceit if historical truths are distorted. Reacting to IBB’s autobiography on June 12, 1993, he stresses the need for integrity in leadership. He urges new elder statesmen to uphold truth, emphasizing that the "ghost of June 12" still...
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