Power companies in Nigeria are set to implement a significant increase in electricity tariffs, raising rates to N200 ($0.15) per kilowatt-hour from the current N68 for urban consumers.
This move, reported by Bloomberg news agency, aims to address concerns regarding electricity consumption...
Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola emerged as the only Nigerians featured in Forbes' 2024 billionaires list, announced on Tuesday.
Despite global inflation and political turmoil, Forbes reported a surge in billionaire numbers, with 2,781 individuals worldwide – a...
The Nigerian naira saw an appreciation to N1,250 per dollar in the parallel foreign exchange market on Monday, marking a 0.43 percent increase from the N1,280 recorded on March 29.
Bureau de Change operators in Lagos quoted the buying rate of the dollar at N1,230 and the selling price at...
Allen Onyema, the CEO of Air Peace Airlines, revealed the challenges his airline faced due to what he described as internal and external conspiracies.
Speaking on Arise Television's Morning Show, Onyema detailed how Air Peace was denied a Technical Country Operators (TCO) permit by Nigerian...
Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, predicts a significant drop in diesel prices below N1,000 per litre with the commencement of diesel production at the Dangote Refinery.
During an interview on Channels Television’s News At 10, Rewane highlighted the...
The Nigerian Communications Commission (NCC) has extended the deadline for the disconnection of telephone lines not linked to National Identification Numbers (NINs) from April 15, 2024, to July 31, 2024.
This directive, communicated via a letter to telecommunication companies, follows careful...
The Central Bank of Nigeria (CBN) has unveiled new capital requirements for banks, mandating 25 banks in Nigeria to raise approximately N3.89 trillion in fresh capital to meet the new minimum capital base.
This move aligns with the CBN's efforts to strengthen the banking sector in line with...
In a bid to alleviate the widespread blackout that gripped Nigeria, the Transmission Company of Nigeria (TCN) has successfully restored the national power grid, a vital lifeline for the nation's energy infrastructure. The disruption, as announced by TCN, was attributed to limitations in gas...
The Nigerian Communications Commission (NCC) remains firm on its decision regarding the March 29 deadline for the second phase of SIM-NIN linkage, dismissing rumors of a deadline extension.
Contrary to reports suggesting an extension, the NCC asserts that the deadline is non-negotiable. An NCC...
The Nigerian Naira witnessed a remarkable appreciation, reaching N1,280 per dollar at the parallel segment of the foreign exchange market.
This surge, marking a 5.19 percent increase from the previous rate of N1,350/$ on March 27, has left currency traders in Lagos, commonly known as bureau de...
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