Stakeholders Demand Better Security as Banks Lose N42.6bn to Fraud   Cybersecurity experts have stated that Nigerian banks must bridge the widening technology adoption gaps and closely track insider threats after losing N42.6bn to fraud between April and June 2024. The Financial...

We Are Planning $3bn Investment in Gas Sector – FG   The federal government said it is making significant strides to unlock investment in Nigeria’s gas sector as part of a move to address financial difficulty facing the energy sector. The Minister...

DMO Offers Two Savings Bonds For October Subscription   The Debt Management Office (DMO) has announced the opening of the October 2024 Federal Government of Nigeria savings bond offer, featuring two bond series with competitive interest rates. According to a bond circular...

Discos Revenue Rise by 61.4% After 230% Electricity Tariff Hike   Revenues earned by electricity Distribution Companies (Discos) in Nigeria have risen by over 61.4 per cent after the Nigerian Electricity Regulatory Commission (NERC) approved a 230 per cent tariff increase...

FG Panel Proposes Six-month Crude Supply For Dangote Refinery   The supply of crude oil in naira to the Dangote Petroleum Refinery by the Nigerian National Petroleum Company Limited (NNPCL) is to last for six months in the first instance, pending...

In-country Food Production Will Strengthen Exchange Rate, Tame Inflation - Edun   The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday argued that with adequate in-country food production, the current high inflation rate will be curbed considerably. Edun...