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NIMC identifies five websites fraudulently harvesting Nigerians' data, including NIN and BVN. The Commission assures data security, warns against unauthorized platforms, and collaborates with security agencies. Paradigm Initiative raised initial concerns about data privacy breaches. NIMC...
Nigeria's inflation crisis is hitting families hard, with essential food items like eggs becoming unaffordable. Rising costs of living and food prices are forcing drastic changes in diets, highlighting the urgent need for economic intervention.
Bukola Balogun found herself in an embarrassing...
Paradigm Initiative uncovers unauthorized sale of Nigerians' data, including NIN and BVN, on AnyVerify.com.ng. The breach raises concerns about privacy, identity theft, and national security. Legal action was initiated against government agencies. Experts call for stronger data protection laws...
Nigeria's FX reserves have surged to $33.58 billion, the highest since March 2024, reflecting significant financial stability. Boosted by World Bank loans and Afrexim Bank disbursements, the reserves' growth marks a recovery amid exchange rate stability and improved forex market liquidity...
Femi Otedola, chairman of FBN Holdings, boosts his stake in First Bank with a N18.9 billion share purchase, now owning 9.41%. His acquisitions through Calvados Global Services Limited increased his total shares to 3,380,462,950, making him the leading shareholder.
Billionaire businessman Femi...
The World Bank may cancel Nigeria's $1.5 billion loan if key reforms are not met within 90 days. The loan, split into two $750 million agreements, requires stringent fiscal and policy adjustments. Nigeria's compliance is crucial for economic stability and growth.
The World Bank has indicated...
Nigeria
Nigeria's Public Debt Soars to N121.67 Trillion in Just 3 Months, Sparking Economic Concerns
Nigeria's public debt skyrocketed to N121.67 trillion by March 2024, a 25% increase in three months. The Debt Management Office reports domestic debt at 54% of the total. This surge, driven by new borrowing and naira devaluation, raises concerns about Nigeria's fiscal health and economic...
Organised Private Sector (OPS) and entrepreneurs oppose the proposed National Minimum Wage, fearing economic strain and job cuts amid ongoing negotiations.
The Organised Private Sector (OPS) and entrepreneurs nationwide are voicing opposition to the proposed National Minimum Wage following...
India's Financial Intelligence Unit fines Binance $2.25 million for violating anti-money laundering laws. The cryptocurrency exchange faces regulatory challenges in multiple countries, including Nigeria. Previously dominating India's crypto market, Binance's non-compliance with local tax laws...
NNPC and TotalEnergies seal a $550m deal for Nigeria's Ubeta gas project, set to enhance gas production and boost LNG exports. Stakeholders anticipate economic growth and job creation.
The Nigerian National Petroleum Company (NNPC) Limited has reached a significant milestone with TotalEnergies...
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