Lagos Fire Incidents Gulp N19bn Properties in One Year
The Lagos State Government has disclosed that properties worth N19.52bn were lost to fire incidents across the state in 2024.
The Commissioner for Special Duties and Inter-Governmental Relations, Olugbenga Oyerinde, disclosed this on Wednesday at the ongoing...
NGX Reverses Gain as Investors Lose N70bn
The Nigerian Exchange closed negatively on Wednesday, as the equities market reversed the previous day’s gains, with investors losing approximately N70bn in market capitalisation.
The All-Share Index shed 111.37 points, representing a 0.1 per cent decline, to close at...
Petrol Price Rises 76% in One Year – NBS
The National Bureau of Statistics has revealed that the average pump price of Premium Motor Spirit, also known as petrol, surged by 76.73 per cent year-on-year to N1,239.33 per litre in April 2025.
This represents a sharp...
CBN Gives 12-month Deadline for New Anti-money Laundering Standards
The Central Bank of Nigeria has issued a draft framework aimed at modernising anti-money laundering practices across the country’s financial system through the adoption of intelligent, automated solutions.
In a circular dated May 20, 2025, and addressed...
Naira Holds Firm Against Dollar in Black Market
‎The naira remained stable against the US dollar on Wednesday in the parallel (black) market.
‎A source at the Abuja black market told Economic Confidential that as of May 21, the naira exchanged at ₦1,610 per dollar for...
DisCos Performance Disappointing, Remain Weakest Link in Power Sector - Adelabu
Minister of Power, Chief Adebayo Adelabu, has taken a swipe at electricity Distribution Companies (Discos) operating in the country, maintaining that they have not only disappointed Nigerians, but have become the weakest link in...
