Business

President Bola Tinubu has approved the gradual payment of the N3.3 trillion debt owed to power generation and gas companies. The Minister of Power, Adebayo Adelabu, disclosed this at the 8th Africa Energy Marketplace…

NCC halts issuance of new licences to virtual network operators The Nigerian Communications Commission (NCC) has announced a temporary suspension of new licences issuance to operators in three categories. The…

Court orders Binance executive to remain in custody over alleged multi-million dollar money laundering A Federal High Court in Abuja has dismissed the bail application filed by Tigran Gambaryan, a Binance Holdings…

Over 1.6 million Nigerians have applied for credit under the newly launched Consumer Credit Corporation (CREDICORP). The CEO of CREDICORP), Uzoma Nwagba, disclosed this on Tuesday night while speaking on Channels TV’s current affairs…

Breaking: Senate approves $500m loan for metering Nigerians The Senate has given approval to  a $500 million loan request by the Federal Government. The loan is to be utilised by the Bureau of Public Enterprises, BPE, for…

Nigeria’s inflation rate increased to 33.69 per cent  in April 2024, according to latest data released by the National Bureau of Statistics (NBS) on Wednesday. The surge in inflation has eroded the…

The federal government has announced a strategic plan to invest the N20 trillion pension fund and other local resources to boost Nigeria's infrastructure development. Wale Edun, coordinating minister for the economy…

The house of representatives committee on financial crimes has described the bribery allegation by Binance as a red herring. Ginger Onwusibe, chairman of the committee, who was addressing newsmen on Tuesday, said is a…

Godwin Emefiele, the former governor of the Central Bank of Nigeria, pleaded not guilty to charges of printing N684 million notes at a rate of N18.96 billion without the proper approval. The Economic and Financial…

Nigeria received $282.61 million in diaspora remittances in Q1 2024, a 6.28% decrease from the previous year, according to data from the Central Bank of Nigeria (CBN). Nigeria’s direct foreign exchange remittance…