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Category: Business
Electricity tariff hike: Labour pickets IBEDC facilities in Ilorin
The Nigeria Labour Congress, NLC, Kwara State chapter, on Monday carried out its threat to picket distribution companies over the new electricity tariff introduced by…
Price of 12.5kg cooking gas surge by 55% in Nigeria
The average price of refilling a 12.5-kilogram Cylinder of Liquefied Petroleum Gas, Cooking gas, has surged by 55.22 per cent to N15,929.04 in March from…
Naira massively depreciates by N160 against Dollar in seven days
The Naira’s woes against the US dollar continued as the currency lost a significant N160 in seven days at the foreign exchange market.Mistila Dayyabu, a…
NNPCL opens reserves nationwide to end fuel scarcity in Nigeria – Marketers
Petroleum marketers have said the Nigerian National Petroleum Company Limited, NNPCL, has opened its reserves across the federation to end the lingering fuel scarcity.The National…
NNPC, marketers in war of words over fuel scarcity
The Nigeria National Petroleum Corporation has blamed the lingering fuel scarcity in the country on panic buying and sharp practices by some petroleum marketers who…
Don’t trade in crypto, Opay, PalmPay, others warn customers
Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging…
Foreign exchange: Naira appreciates against dollar at official, parallel markets
The Naira ended the week by appreciating marginally against the dollar in the official and parallel foreign exchange markets.FMDQ data at the close of Friday…
Tax: Court orders FCT revenue agency to seal off defaulting companies
A Magistrate Court sitting in Wuse Zone 2, Abuja, on Friday ordered the Federal Capital Territory Internal Revenue Service, FCT-IRS, to seal off a company,…
Nigeria financial sector: Fraud surges by 496% in five years – NIBSS
Nigeria’s financial sector fraud surged by 496.96 per cent from 2019 to 2023 amid the rise of electronic payment.Nigeria Inter-Bank Settlement System disclosed this in…
Nigeria’s electricity generation up to 4,800mw – Power Minister, Adelabu
Minister of Power, Adebayo Adelabu says Nigeria’s electricity generation has increased to 4,800 megawatts in the past few days from 4200MW.He disclosed this on Thursday…