Dangote Invests $700m in Nigeria's Sugar Industry   Aliko Dangote, President of Dangote Group, has reiterated the company's pledge to halt raw sugar imports in Nigeria, backing this commitment with a massive investment of over $700 million in the country's sugar production sector. Dangote, who...

CBN Urges Telcos to Manufacture SIM Cards Locally to Conserve Forex   The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged telecommunications companies to manufacture essential components locally, in a bid to reduce the industry's reliance on...

N100 ATM Withdrawal Fee Stays for Transactions Below N20,000 - CBN   The Central Bank of Nigeria (CBN) has confirmed that the N100 fee for ATM withdrawals from other banks will remain in place for transactions below N20,000. This is according to a FAQ...

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...