Business

Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has revealed how much banks in Nigeria have lost to internet fraud, otherwise known as Yahoo-Yahoo Boys, in 2022.

The Economic and Financial Crimes Commission (EFCC) has pressed new charges against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), for his alleged involvement in approving the printing of N684.5m notes using N18.9bn. 

Yesterday, Dangote Petroleum Refinery further reduced the prices of both diesel and aviation fuel to N940, N980 per litre respectively.

Again, Dangote Crashes Diesel, Aviation Fuel to N940, N980   Dangote Petroleum Refinery has again announced a further reduction in the prices of diesel and aviation...

NERC Transfers Regulatory Oversight to Ekiti Board   The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, April 23, revealed that it has transferred regulatory oversight of...

CBN Injects Dollars into BDCs at N1,021 per Dollar   The Central Bank of Nigeria (CBN) has announced the sale of $10,000 to each licensed Bureau...

Equities Market Opens Week By N71bn Gain   Opening the week, the local equities market yesterday gained N71 billion, recovering some of the prior week losses. The...

FG Targets 6,000 Megawatts Electricity Generation By 2024   Minister of Power, Mr Adebayo Adelabu, says the Federal Government plans to increase power generation from 4000...

FG Commences Restructuring of 11 DisCos – Power Minister   Power distribution companies in Nigeria are currently being unbundled along state lines due to their large...

Naira Depreciates to N1,250/$ in Parallel Market   The Naira, yesterday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday. Similarly,...

BDCs Now Buying Dollar At N980 as Naira Appreciates - ABCON The Association of Bureau De Change Operators of Nigeria (ABCON) said the Bureau De...

FG, NNPCL Fault El-Rufai, Marketers Claim, Says No Subsidy Return The Federal Government through its Ministry of Petroleum Resources and the Nigerian National Petroleum Company...

CBN Reduces Banks’ Loan-deposit Ratio to 50% The Central Bank of Nigeria has slashed commercial banks Loan-to-Deposit Ratio from 65 per cent to 50 per...

Price Of Cooking Gas Crashes as Naira Gains  The prices of liquified natural gas (LPG), also known as cooking gas, are beginning to crash following...

4,229 Containers of Agric Produce Exported in Q1 - Customs The Nigeria Customs Service, Lilypond Export Command, has revealed that 4,229 containers carrying agricultural produce...

Port Congestion: NPA Unveils New Export Trucks Window The Nigerian Ports Authority has opened a 72-hour window for all export trucks to access various terminals...

NPA Secures $700m Loan to Rehabilitate Apapa, Tincan Ports The Nigerian Ports Authority has secured a $700m loan from Citibank for the rehabilitation of the...

FG to Sign $3.8bn Gas Supply Deal in May The Federal Government has announced that gas supply and purchase agreements supporting the $3.8bn Brass methanol...

CBN Not Defending Naira With Foreign Reserves - Cardoso   The Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso, said yesterday that the...

President Bola Tinubu has commended what he called the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel.