FG Orders State MDAs to Stop Accounts in Commercial Banks   As part of its efforts to enforce the Treasury Single Account (TSA) policy, the Federal Government has instructed state-based Ministries, Departments, and Agencies (MDAs) to immediately discontinue operating accounts with...

 Equity Market Records Highest February Gain, Adds N842bn   Dangote Cement and Sunu Assurances Nigeria emerged as the top gainers on the Nigerian Exchange at the close of trading on Thursday. Dangote Cement emerged as the top gainer, appreciating by 10 per cent to...

MTN Discontinues 15GB Bundle After Backlash Over 200% Price Hike MTN Nigeria, the nation's largest telecommunications provider, has scrapped its 15GB data bundle in response to widespread criticism from customers, who were outraged by a massive 200% price hike. The telco had initially...

Nigeria's Oil Production Surges Past 1.5mbpd, Exceeds OPEC Quota   According to a recent report by the Nigerian Upstream Petroleum Regulatory Commission, Nigeria has successfully achieved its oil production quota as stipulated by the Organisation of the Petroleum Exporting Countries (OPEC). In January,...

Diaspora Remittances and Cardoso’s New Tricks, by Rahma Olamide Oladosu   Diaspora remittances have long been a crucial pillar of Nigeria’s economy, providing vital foreign exchange (forex) liquidity and contributing to financial stability. These inflows from Nigerians living abroad serve as...

NECA Raises Alarm Over Customs' FOB Charge, Predicts N2.84trn Burden   The Nigeria Employers’ Consultative Association (NECA) has warned that the newly introduced four per cent Free On-Board valuation on imports by the Nigeria Customs Service will impose an additional N2.84tn...