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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
- akeri akpokabowei
Nigerians are opting for Dangote petrol over NNPCL's due to a price difference and perceived better quality. MRS filling stations, selling Dangote fuel at N945 per litre, have seen an influx of customers, as motorists claim the fuel lasts longer. NNPCL maintains that quality isn't an issue.
In...
Aliko Dangote describes his $23 billion Dangote Refinery project as the "biggest risk" of his life, highlighting challenges like financing, regulations, and securing suppliers. The refinery, Africa's largest, aims to transform Africa's oil refining capacity, creating wealth and reducing...
Nigeria’s inflation rate dropped to 24.48% in January 2025 following the rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS). The updated methodology improves accuracy by expanding product categories and refining data collection, ensuring inflation figures...
WTO Director-General, Dr. Ngozi Okonjo-Iweala, urges African leaders to focus on self-reliance and innovative funding solutions as global aid declines. Speaking at the African Union in Addis Ababa, she emphasized the need to attract investment, mobilize resources, and reduce dependence on...
PZ Cussons Nigeria Plc is converting a N51.79 billion loan from its UK parent company into equity to strengthen its balance sheet and reduce foreign exchange risk. This move, subject to shareholder approval, aims to restore financial stability amidst ongoing economic challenges in Nigeria.
PZ...
The Transmission Company of Nigeria (TCN) has denied reports of a national grid collapse in 2025, stating that only localized disruptions due to line tripping occurred. The company assured full power restoration and urged the public to rely on verified updates from its Public Affairs Department...
The Nigerian National Petroleum Company (NNPC) has debunked a viral video claiming Dangote Refinery’s petrol is superior. NNPC dismissed the fuel comparison test as misleading and unscientific. The company warned against misinformation, reaffirming its commitment to quality and threatening legal...
The Central Bank of Nigeria (CBN) has introduced new ATM withdrawal charges, requiring customers to pay ₦100 per ₦20,000 withdrawn from other banks' ATMs. Off-site ATMs will incur an additional ₦500 surcharge. The policy, effective March 1, 2025, aims to ensure cash availability while helping...
The NNPCL has refuted claims in a viral video alleging its fuel burns faster than Dangote Refinery’s. The company dismissed the test as flawed and misleading, emphasizing that its PMS meets industry standards. NNPCL warned against misinformation and vowed legal action against false claims aimed...
![Today's Naira Rate [14-02-2025]: Naira Strengthens in Parallel Market, Holding at N1,570/$1](/data/attachments/213/213474-fe4f456557ac46841395d40aa8ea5439.jpg?hash=FXjrHIaYd4)
The Nigerian naira has stabilized in the parallel market at N1,570/$1 after fluctuating earlier in the week. Meanwhile, official rates show minor declines. Despite this relative stability, analysts warn that market forces, policy interventions, and dollar supply will continue to influence the...
The Central Bank of Nigeria (CBN) has warned banks against limiting ATM withdrawals below ₦20,000 per transaction, threatening sanctions for non-compliance. The new policy also introduces a ₦100 fee for withdrawals from other banks’ ATMs. Customers are encouraged to report violations and explore...
MTN Nigeria has apologized after a 200% price hike on its 15GB data bundle sparked public outrage. Customers slammed the move on social media, prompting MTN to issue a casual apology, urging forgiveness. The Nigerian Labour Congress condemned the hike, while other telecoms may follow suit.
MTN...
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