Economy

A total sum of ₦ 1.703 trillion, being January 2025 Federation Account Revenue, has been shared with the Federal Government, states, and local government Councils. This is according to a statement on Thursday by the Director of Press and…
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The management of Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦890 to N825 per litre, effective from 27th February 2025. The slash in price by…
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Guaranty Trust Bank (GTBank) has once again demonstrated its knack for innovation and customer-centric solutions, solidifying its place as a leader in Nigeria’s banking sector. While the industry faces challenges from fluctuating economic…
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Senator Sharafadeen Alli (APC-Oyo South) has assured residents of his senatorial district that the ongoing installation of solar street lights would be completed very soon. The lawmaker made the announcement on Friday after observing…
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The Federation Account Allocation Committee has announced the indefinite postponement of its February 2025 meetings. FAAC Secretary, Ali Mohammed, disclosed this in a statement released on Thursday. “Further to our earlier notice…
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The Nigeria Labour Congress, NLC, has directed members working in the Thirty Local Government Areas, LGAs of the State to withdraw their services with effect from tomorrow. The State Chairperson, Dr. Christopher Arapasopo gave the…
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The Central Bank of Nigeria has threatened to penalise banks that compel customers to withdraw amounts lower than N20,000 per transaction from Automated Teller Machines. The apex bank disclosed this in a ‘Question and Answer’ explainer…
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The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in a circular dated February 10, 2025, and addressed to all banks and…
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Minister of Power, Chief Adebayo Adelabu and the Managing Director of Ibadan Electricity Distribution Company, IBEDC, Engineer Francis Agoh, have held a meeting with the Management of the UCH with a view to finding lasting solutions to the…
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As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations on the procedure for tariff reviews. The latest order, signed by NERC…
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