The Nigerian Electricity Regulatory Commission has imposed a fine of N1.69bn on Abuja Electricity Distribution Company for overbilling customers. The penalty, documented in Order NERC/2024/114, was...
The Naira yesterday depreciated to N1,655 per dollar in the parallel market from N1,645 perdollar traded on Wednesday. Similarly, the Naira yesterday depreciated to N1,649.76 per...
The Central Bank of Nigeria has directed that all Point of Sale operators must route transactions through licensed payment terminal service aggregators. A circular posted on...
The federal government has officially signed the Cape Town Convention (CTC) practice direction to enable domestic airline operators to access aircraft on dry lease. The signing,...
The Economic and Financial Crimes Commission (EFCC) says it will soon commence prosecution of bank executives found guilty of aiding money laundering in the country. Speaking...
Wale Edun, minister of finance, says the federal government has not increased the value-added tax (VAT) to 10 percent. In a statement on Monday, Edun clarified...
The federal government has signed a memorandum of understanding (MoU) with two Chinese corporations to improve electricity and water supply in Abuja. Nyesom Wike, the FCT...
Many people experience some form of discomfort or sickness when they travel by plane. Dry mouth, aching limbs, swollen ankles — they’re par for the course...
The Bank of Industry (BoI) says it secured €1.425 billion from the senior phase of its global loan syndication scheme. In a statement on Thursday, the...
The Central Bank of Nigeria (CBN) has approved the sale of dollars to bureau de change (BDC) operators at N1,580/$. In a circular signed by W.J...