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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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Aliko Dangote’s net worth has surged to $23.9 billion, making him the 86th richest person globally, according to Forbes. His wealth increase is driven by his 92.3% stake in Dangote Petroleum Refinery. The refinery’s operations have expanded, with expectations to reach full capacity soon, further...
The Naira appreciated to N1,540 per dollar in the parallel market, up from N1,565 last week, while the official rate also saw slight gains. Experts attribute the rise to CBN’s forex interventions and increased interbank transactions. Analysts suggest continued liquidity injections could further...
The CBN has ordered bank directors with non-performing insider loans to resign immediately. Banks must recover outstanding debts by seizing collaterals and limiting insider loan exposure to comply with BOFIA 2020 regulations. This move aims to strengthen corporate governance, reduce financial...
Airtel Nigeria has revised its data and voice call tariffs, citing rising operational costs. The new pricing affects daily, weekly, and monthly plans, with call rates increasing to 25 kobo per second. The adjustments align with industry-wide efforts to mitigate inflation and forex fluctuations...
Airtel Nigeria has increased data and voice call tariffs by up to 50%, citing inflation and rising operational costs. The review follows NCC’s approval of a telecom tariff hike. New pricing affects daily, weekly, and monthly plans, while call and SMS rates have also been adjusted.
Airtel...
Mashariq Al Dhahabiah Al Mutawazi, a Saudi company contracted by NAHCON to serve Nigerian pilgrims during the 2025 Hajj, threatens legal action over contract breaches. The company claims NAHCON violated terms by splitting the agreement with another provider, demanding a 20-day resolution before...
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...
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