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Article 'EFCC, INTERPOL Hunt Down CBEX Fraudsters After ₦1.3 Trillion Ponzi Collapse'- Nigeria News
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Article 'Despite Price Hike, Nigeria Remains 13th in the World for Low Petrol Costs'- Nigeria News
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Nigeria’s Minister of Communications, Bosun Tijani, has defended the 50% telecom tariff hike, stating it was necessary to prevent company shutdowns and job losses. He emphasized government efforts to improve service quality and expand connectivity, while Airtel’s Sunil Mittal warned that further...
The Federal Government plans to review electricity tariffs for Band B and C customers, citing an unsustainable N3 trillion subsidy. Power Minister Adebayo Adelabu stressed the need for infrastructure investment and a balanced pricing structure to ensure service improvements while maintaining...
Fraudsters have stolen over ₦1 billion using BVNs illegally registered for minors, according to NIBSS. With bank staff and agents aiding these scams, funds were funneled through fraudulent accounts. Authorities are investigating, while NIBSS calls for stricter verification and fraud detection to...
Donald Trump has announced a 25% tariff on EU imports, claiming the bloc was designed to exploit the U.S. He criticized unfair trade practices and dismissed potential retaliation. The move escalates tensions between the U.S. and Europe, adding to strained relations over Ukraine and global trade...
The naira appreciated to ₦1,490/$ in the parallel market, while the official rate strengthened to ₦1,499.8/$. Experts link the gains to forex inflows and CBN policies. However, concerns persist over market stability. Nigerians react as the exchange rate gap widens to ₦9.8/$ amid ongoing economic...
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...
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