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Wednesday, April 24, 2024

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Manny Akpan | Business & Economy Editor

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Naira’s Revalution: Consumer Protection Commission Investigates Soaring Food Prices

ABUJA, Nigeria - In a determined bid to address the persistent rise in food prices across Nigeria, the Federal Competition and Consumer Protection Commission,...

Dangote Refinery Slashes Diesel Price to N1,000 Per Litre

LAGOS, Nigeria - In a significant economic move, the Dangote Petroleum Refinery announced a substantial reduction in diesel prices on Tuesday, April 16, 2024,...

Nigeria’s Central Bank Reveals Depleting Foreign Reserves is Due to Debt Servicing

Washington DC, USA - During the ongoing International Monetary Fund/World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria Governor, Olayemi Cardoso, addressed...

Libya Surpasses Nigeria as Africa’s Top Crude Oil Producer

TRIPOLI, Libya - Libya has overtaken Nigeria as the continent's highest crude oil producer. According to the latest data from the Organization of Petroleum Exporting...

Dangote Predicts Diesel Price Cut to Drive Down Nigeria’s Inflation Rate

LAGOS, Nigeria - Aliko Dangote, the chairman of the Dangote Group, expressed confidence that the recent reduction in diesel costs would lead to a...

NERC Fines Abuja DISCO N200 Million for Improper Billing

ABUJA, Nigeria - In a move to safeguard consumer rights, the Nigerian Electricity Regulatory Commission, NERC, has imposed a hefty fine of N200 million...

Tax Evasion Arraignment of Binance Executives Stalled Due to Service Issues

ABUJA, Nigeria—The arraignment of Binance Holdings Limited and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, has been postponed on Thursday, April 4,...

High Court Clears Former AGF Mohammed Adoke, 6 Others in Malabu Oil Scandal

ABUJA, Nigeria - The High Court of the Federal Capital Territory (FCT) in Jabi, Abuja, has exonerated Mohammed Adoke, the former Attorney General of...

Binance Executive Escapes Detention in Nigeria, Flies Out of Country

ABUJA, Nigeria - In a dramatic twist to the cryptocurrency regulation saga in Nigeria, Nadeem Anjarwalla, a senior executive of the global cryptocurrency exchange...

Nigeria Imposes Staggering $10 Billion Fine on Binance over ‘Impact on Forex Crisis’

ABUJA, Nigeria - The Nigerian federal government has levied a staggering $10 billion fine against the cryptocurrency trading platform Binance, accusing it of exacerbating...

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