FG receives $500m W’Bank loan for power distribution
The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector. This was disclosed by the Bureau…
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Tarrif hike: DisCos sweat as manufacturers insist on old rates
Power distribution companies in Nigeria are facing billions in collection losses as manufacturers refuse to pay the newly approved tariff rates, opting…
NNPC discovers 122 illegal refineries, seals fuel station
The Nigerian National Petroleum Company Limited has discovered a total of 122 illegal oil refining sites in the past week across the…
Musk AI startup xAI raises $6b, now valued at $24b
Elon Musk’s AI startup, xAI, has raised $6 billion in a Series B funding round, boosting its post-money valuation to $24 billion.…
FX demand drops by $9bn I. 12 months – CBN
Data from the Central Bank of Nigeria shows that demand for foreign exchange fell by 42 per cent year-on-year by individuals and…
FG to start home delivery of passports in June
The Federal Government assured that in June, the home delivery of passports would start making it unnecessary for Nigerians to go to…
TotalEnergies announces $600m investment in Congo, sidelines Nigeria
French oil major TotalEnergies has announced a $600 million investment deal in the Republic of Congo, just days after its CEO revealed…
NSIB mandates NCAA to review Dana Air’s operating procedures
The Nigeria Safety Investigation Bureau has mandated the Nigeria Civil Aviation Authority to review the training program and standard operating procedures of…
How to apply for student loan
The long-awaited student loan programme has commenced on Friday, benefiting 1.2 million students in federal tertiary institutions across Nigeria, according to Akintunde…
Detained Binance executive Tigran Gambaryan collapses in court
In a dramatic moment at the Federal High Court in Abuja, detained Binance executive Tigran Gambaryan collapsed during his trial for foreign…
BDC operators reject amended CBN licensing guidelines
Foreign exchange dealers under the umbrella of the Bureau de Change Operators of Nigeria have rejected the new licensing guidelines directive by…
CBN amends guidelines for BDC operators
The Central Bank of Nigeria has revised its regulatory guidelines for Bureau De Change operators after consulting with stakeholders. The changes include…