Nigerians borrowed N470 billion in personal loans in Q4 2024, according to the CBN. Personal loans surged by 21.27%, driving overall consumer credit growth. While personal loans dominated, retail loans declined, reflecting changing borrowing trends. Experts warn of long-term financial risks due...
Nigeria's removal of the fuel subsidy by President Bola Tinubu sparked an immediate backlash, but the Director General of NIPPS, Ayo Omotayo, defends the decision, emphasizing long-term benefits despite short-term struggles. He calls for Nigerians to adjust their spending to help drive economic...
PETROAN President Gillis-Harry explains why fuel prices may exceed N1,000 per litre, citing deregulation, global market shifts, and the Naira-for-crude deal. He reassures Nigerians of efforts to stabilize fuel costs.
As fuel prices continue to climb, the President of the Petroleum Retailers...
Filling stations in Lagos have raised petrol prices to N930 per litre, following Dangote Refinery's decision to halt naira-based transactions. The increase comes after a breakdown in negotiations on the naira-for-crude deal, causing the refinery to source crude from international markets...
President Bola Tinubu has extended the tenure of Kemi Nandap as the Comptroller-General of the Nigeria Immigration Service (NIS) until December 2026. This decision highlights Nandap’s exemplary leadership and aligns with the administration’s goal of strengthening Nigeria’s territorial integrity...
The UK has increased visa fees for Nigerians, affecting tourists, students, and workers. Starting April 9, 2025, travelers will pay more for various visa types. The changes are part of the UK’s immigration management strategy, sparking concerns among Nigerians over rising travel costs...
The USCIS has begun releasing H-1B visa lottery results for FY 2026. Applicants can check their status via employers or the USCIS portal. Selected candidates must file petitions, while others remain in the pool or seek alternatives. A registration fee hike and procedural changes mark this year’s...
Lagos fuel prices have surged to N930–N970 per litre, up from N865, causing public outcry. Oil marketers attribute the hike to increased landing costs. Commuters and businesses struggle as Abuja and Ogun also report rising prices. Nigerians demand government intervention amid the ongoing NNPC...
Nigeria is set to ban solar panel imports to promote local manufacturing and expand renewable energy access. Minister Uche Nnaji emphasized the country’s capacity to produce panels domestically, with NASENI leading the charge. The government plans to develop mini-grid solutions to power...
The Federal High Court in Abuja has set May 8 for its ruling in MultiChoice Nigeria’s lawsuit against the FCCPC over a price increase on DStv and GOtv. The case questions the commission’s authority to regulate pricing, with MultiChoice arguing for market-driven rates and the FCCPC pushing for...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.