Aso Rock to spend N1.99 billion on diesel in 2025 despite plans for solar project
The Federal Government has allocated N1.99 billion for diesel to power generators at the State House in 2025, despite ongoing plans for a 40MW solar power…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
IPMAN Issues Strike Warning Over N100bn Debt
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to settle outstanding…
CBN Maintains 27.5% Interest Rate Despite Inflation Decline
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has retained the country’s benchmark interest rate at 27.50% in its January meeting, maintaining the same…
CBN Calls For Bank Directors With Non-Performing Insider Loans to Resign
The Central Bank of Nigeria (CBN) has directed bank directors with non-performing insider-related loans to resign immediately. The directive was issued on Monday in a circular…
BREAKING: Airtel increases data, call rates
Airtel Nigeria, the country’s second-largest telecom operator, has revised its data pricing structure, implementing a tariff adjustment of up to 50 per cent, according to details…
Oil Spillage Sparks Protest in Rivers Community, Residents Blame Shell Company
Residents of Ogale community in Eleme Local Government Area of Rivers State have staged a protest over an oil spill allegedly caused by Shell Nigeria. Carrying…
Breaking: MTN Nigeria makes u-turn, reverses 200% data bundle tariff hike
Nigeria’s telecommunications giant, MTN, has reversed its 15G data plan 200 percent tariff hike. The company disclosed this in a statement through its official X account…
President Tinubu Applauds IFC’s Investment in Lagos Free Zone
President Bola Ahmed Tinubu has commended the International Finance Corporation (IFC) for its continued confidence in Nigeria’s economy, following its $50 million equity investment in the…
FG Takes Full Ownership Of Keystone Bank
The Federal Government has taken full ownership of Keystone Bank. This is according to a statement by the bank posted on its X handle on Tuesday…
Federal Government Takes Over N6 Billion Keystone Bank Shares by Court Order
The Lagos State Special Offences Court in Ikeja on Tuesday ordered the forfeiture of 6.3 billion units of ordinary shares in Keystone Bank Limited, valued at…