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Category: News
EFCC arrests Abuja-based house agent over N288m property fraud
The Economic and Financial Crimes Commission (EFCC) has arrested an Abuja-based house agent, Hajia Adama Adamu, over an alleged property fraud involving N288 million. The…
Nigerian man arrested in India with N290m illicit drugs
A Nigerian national has been arrested in Bengaluru, India, for allegedly running a major drug distribution network, with authorities recovering MDMA crystals (ecstasy)worth about Rs…
Easter: DHQ orders troop alert, confirms US support
The Defence Headquarters has placed troops on nationwide alert ahead of the Easter celebrations, assuring Nigerians of tightened security. The DHQ also reaffirmed that ongoing…
Nigerian govt increases price of gas
The federal government has increased the price of natural gas supplied to power generation companies to $2.18 per metric million British thermal units (MMBTU). The…
Sterling Bank marks one year of zero transfer fees, returns N1.6bn
Sterling Bank is celebrating the first anniversary of its Zero Transfer Fees policy, which has returned over N1.6 billion directly to customers since its launch….
NNPCL boosts Dangote refinery crude supply to seven cargoes – Sources
The Nigerian National Petroleum Company Limited (NNPCL) has increased crude oil supply to the Dangote Petroleum Refinery and Petrochemicals, allocating seven cargoes for May loading…
Naira-for-crude policy shielding Nigeria from M’East fuel crisis — Presidency
President Bola Tinubu’s naira-for-crude initiative has shielded Nigeria from the severe fuel scarcity afflicting major economies worldwide amid the ongoing Iran-Israel-US conflict in the Middle…
Nigerian Govt bans vehicle imports without certification
The Nigerian government has announced a ban on the importation of used vehicles without proper certification, introducing stricter regulations for automotive imports into the country….
Airlines in pricing limbo amid 180% Jet A1 price surge
Airfares have remained stagnant in Nigeria despite the rising cost of aviation fuel by 184 per cent in the last two months, occasioned by the…
33 banks raise N4.65tn as recapitalisation ends – CBN
The Central Bank of Nigeria (CBN) on Wednesday said 33 banks have met new minimum capital requirements under its recapitalisation programme, raising a combined N4.65tn…