Category: featured

All SIM cards used in Nigeria are locally produced – NCC

The Nigerian Communications Commission has said that 100 per cent of SIM cards in the...

Nigeria loses N636bn in oil revenue as production declines

Nigeria’s monthly oil outputs have been consistently low since January 2024, resulting in a revenue...

FG begins N2.7tn subsidy debt probe

The federal government has commenced the scheduled audit of the N2.7 trillion gasoline subsidy claim...

Binance fined $2.25m for money laundering in India

The Financial Intelligence Unit of India has fined Binance, the largest cryptocurrency exchange in the...

Modular refiners, Afreximbank in discussion over $18bn loan

Investors in modular refineries have begun discussions with the African Export-Import Bank to gain access...

FG cracks down on owners of illegally imported private jet

The Federal Government through the Nigerian Customs Service has initiated a new initiative to crack...

GTBank drags 60 senior bank executives to court

Guaranty Trust Bank has brought no less than 60 senior executives of 13 commercial banks...

Blackout hits Abia over geometric power plant gas shortage

Most parts of Aba, the commercial hub of Abia State, have been without power for...

Nigerian airspace completely covered by radar, says NAMA

The Nigerian Airspace Management Authority affirms that the Nigerian airspace is completely covered by radar....

Inflation rate surges to 33.95% in May 2024 – NBS

Nigeria’s annual inflation rate rose to 33.95 percent in May, marking the fourth consecutive month...

Court discharges embattled Binance exec Gambaryam

The Federal High Court on Friday freed Tigran Gambaryan, a 39-year-old American, and Nadeem Anjarwalla,...

NNPC seeks end of suit challenging ExxonMobil’s $1.28bn asset divestment

The Nigerian National Petroleum Company Limited has moved to end its current legal action against...