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Northern Groups Call on Businesses to Reflect Naira’s Improvement in Prices
The Coalition of Northern Groups (CNG) has urged businesses across Nigeria to adjust their prices to reflect the recent improvement in the naira’s value against the dollar. In a statement issued by the National Coordinator of CNG, Comrade Jamilu Aliyu … Continue Reading
MTN Group Appoints Mike Silber as Group Executive Regulatory Officer
MTN Group has announced the appointment of Mike Silber as its Group Executive Regulatory Officer, effective April 1, 2024, according to a statement released by the telecom operator on Friday.
Silber joins MTN Group from Liquid Telecom, where he served … Continue Reading
Transmission Company of Nigeria(TCN) Restores National Power Grid After Turbulent Outage
The Transmission Company of Nigeria (TCN) has successfully restored the national power grid following a disruptive system disturbance attributed to gas supply limitations.
The incident, which occurred on Thursday, March 28 at 4:20 pm, led to a complete collapse … Continue Reading
NACCIMA President Urges Customs Duties Collection in Naira Amid Calls for Forex Market Stability
The President of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Oye, has called for a change in the currency used for customs duties collection by the Nigeria Customs Service (NCS), emphasizing the … Continue Reading
Nigerian Economy Sees $1.5 Billion Inflow Following CBN’s MPR Hike
A remarkable $1.5 billion inflow was recorded within a week subsequent to the Central Bank of Nigeria (CBN) raising the Monetary Policy Rate (MPR) by 200 basis points to 24.75 percent on Tuesday.
Mrs. Hakama Sidi Ali, the Bank’s Acting … Continue Reading
Binance Executives Take Legal Action Against Nigerian Authorities, Sue NSA and EFCC
In a dramatic turn of events, Tigran Gambaryan, a detained Binance executive, has taken legal action against key Nigerian authorities, alleging violations of his fundamental rights. Represented by legal counsel from Aluko and Oyebode Law Firm, Gambaryan approached the … Continue Reading
president tinubu Assigns 50 man team to revive economy in 6 weeks
President Bola Tinubu has established two pivotal bodies, the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) in a bid to bolster economic governance and drive comprehensive planning. These initiatives, announced on Wednesday, signal a … Continue Reading
Counterfeit Bottled Water Ring Busted in Port Harcourt by NAFDAC
In a recent operation, the National Agency for Food and Drug Administration and Control (NAFDAC) uncovered a counterfeit bottled water operation targeting the popular brand Eva Water in Port Harcourt.
Acting on a tipoff, NAFDAC officials raided a rundown shop … Continue Reading
Governor Fubara Commits to Enhancing Rivers State Workforce Capacity, Says Special Adviser
In a recent update from the social media handle of Mr. Boniface Onyedi, the Special Adviser on Media and Publicity to Rivers State Governor, Sir Siminalayi Fubara, it has been revealed that the Governor is dedicated to improving the … Continue Reading
FAAN Shuts Down KFC Facility at Lagos Airport Over Discrimination Allegations
In accordance with Lagos State laws protecting individuals with special needs, the Federal Airports Authority of Nigeria (FAAN) has taken action by closing the KFC facility at the Murtala Muhammed International Airport (MMIA) in Lagos, effective March 28, 2024.… Continue Reading