The National Pension Commission (PenCom) has announced the release of an additional N22 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 Appropriation for the period July to September. These funds, according a statement by the Commission, have been[Read More…]
The Nigerian Communications Commission (NCC) on Monday approved tariff adjustment, setting a 50% ceiling on tariff increases for telecom operators. Mr Reuben Muoka, Director of Public Affairs, NCC, announced the tariff increase approval to newsmen, as requested by the telecom operators. Muoka said: “Pursuant to its power under Section[Read More…]
The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53[Read More…]
Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers. These loans can be used to finance a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchase & repairs, asset purchase, and more. [Read More…]
Dangote Petroleum Refinery has raised the price of Premium Motor Spirit (PMS), amid rising global crude oil prices. In a statement released on Friday, the refinery announced that the new bulk purchase rate for customers buying between 2 million and 4.99 million litres is now N955 per[Read More…]
Ooni of Ife, Naomi Silekunola, former wife of the Ooni of Ife, and two others, being prosecuted for murder and manslaughter, have been admitted to N10 million bail each. An Oyo State High Court in Ibadan granted the bail to Naomi Silekunola, Oriyomi Hamzat, a broadcaster and CEO, Agidigbo[Read More…]
The Nigerian Electricity Regulatory Commission (NERC) has transferred full regulatory oversight function to four states in the country. The commission, which made this known via its official X handle on Tuesday, listed the four states as Enugu, Ekiti, Ondo, and Imo. It said the states were now fully responsible[Read More…]
The Lagos State House of Assembly on Monday impeached its speaker, Mudashiru Obasa, for alleged gross misconduct and abuse of office. Although the details of his impeachment remain sketchy, Obasa has been embattled since December 2024 when a petition was filed by the Progressive Youth Movement of Ikeja, Lagos[Read More…]
Building on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent open up to new opportunities. More than a decade after an acquisition spree that boosted its footprint in sub-Saharan[Read More…]
An Ikeja Special Offences Court on Wednesday dismissed the application filed by the embattled ex-Governor of Central Bank, Godwin Emefiele, challenging the jurisdiction of the court to hear his case. The Economic and Financial Crimes Commission (EFCC) had filed a 26-count charge against Emefiele, for alleged misuse of office,[Read More…]
