We didn’t owe IBEDC N495m electricity bill – UCH
University College Hospital, Ibadan, says it did not owe Ibadan Electricity Distribution Company) N495 million bill, as being insinuated. UCH’s…
Business
CBN increases inter-bank interest rate to 24.75%
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, raised Monetary Policy Rate, MPR, – inter-bank loan…
NNPC announces new price for marketers
The Nigerian National Petroleum Company Limited (NNPC Ltd) has crashed the depot price of Premium Motor Spirit (PMS), popularly known…
Nigeria seeks joint W’Africa regional protection of undersea cables
Following recent undersea cable cuts that challenged connectivities in many countries in the West African region, Nigeria has called for…
Nigeria’s public debt hits N97trn in December 2023 – DMO
The Debt Management Office (DMO) on Friday disclosed in Abuja that Nigeria’s public debt stock as at Dec. 31, 2023…
Import Duties: FG cancels 25% penalty on improperly imported vehicles
The Nigeria Customs Service (NCS), has initiated a 90-day window, for the regularisation of import duties on specific categories of…
FAAC shares N1.152trn Feb revenue among FG, states, LGCs
The Federation Account Allocation Committee, FAAC, has shared a total sum of N1.152 trillion February revenue to the Federal Government,…
How a private firm withheld FG’s N32bn meter fund for 20 years – Power Minister
The Minister of Power, Adebayo Adelabu, has revealed how a private company reportedly held on to N32 billion paid into…
Naira rebounds to N1,400/$ as speculators offload forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency…
CBN clears $1.5bn outstanding FX transactions
The Central Bank of Nigeria, CBN, has cleared all valid foreign exchange backlogs. The apex regulatory institution made the disclosure…