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Federal, State, LGs Receive ₦1.7 Trillion in January FAAC Allocation
Nigeria Federal, State, LGs Receive ₦1.7 Trillion in January FAAC Allocation
Nigeria News
1 min read
The Federation Account Allocation Committee (FAAC) distributed ₦1.703 trillion among the federal, state, and local governments for January 2025...
50% Telecom Tariff Increase: Bosun Tijani Defends Government’s Decision
Nigeria 50% Telecom Tariff Increase: Bosun Tijani Defends Government’s Decision
Nigeria News
2 min read
Nigeria’s Minister of Communications, Bosun Tijani, has defended the 50% telecom tariff hike, stating it was necessary to prevent company...
FG Plans Electricity Tariff Review for Band B and C Customers
Nigeria FG Plans Electricity Tariff Review for Band B and C Customers
Nigeria News
2 min read
The Federal Government plans to review electricity tariffs for Band B and C customers, citing an unsustainable N3 trillion subsidy. Power Minister...
NIBSS Exposes Massive ₦1 Billion BVN Fraud Linked to Minors
Nigeria NIBSS Exposes Massive ₦1 Billion BVN Fraud Linked to Minors
Nigeria News
2 min read
Fraudsters have stolen over ₦1 billion using BVNs illegally registered for minors, according to NIBSS. With bank staff and agents aiding these...
Trump to EU: ‘You Exploit the U.S.’ – 25% Tariffs on the Way
Americas Trump to EU: ‘You Exploit the U.S.’ – 25% Tariffs on the Way
Nigeria News
1 min read
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...
Naira Gains Strength, Hits ₦1,490/$ in Parallel Market
Nigeria Naira Gains Strength, Hits ₦1,490/$ in Parallel Market
Nigeria News
2 min read
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...
World Bank to Approve $2.2bn Loan for Nigeria in 2025 – See Project Breakdown
Nigeria World Bank to Approve $2.2bn Loan for Nigeria in 2025 – See Project Breakdown
Nigeria News
2 min read
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...
Nigerians to Pay Less for Petrol as Dangote Refinery Drops Ex-Depot Price
Nigeria Nigerians to Pay Less for Petrol as Dangote Refinery Drops Ex-Depot Price
Nigeria News
2 min read
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...
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