Nigeria’s 5G Connections Jump to 4m in 2024 - NCC The Nigerian Communications Commission (NCC) has revealed that 5G connections in the country increased to four million in December 2024. According to NCC data, this represents 2.46% of the country’s total active subscriptions for telephone services,...

Banks Active Accounts Hit 331.6M in One Year Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of 122.3 million accounts from 209.3 million in January 2024. In January, 2024, Nigeria recorded 209.3 million...

Fuel Price Drops by N27/litre at Private Depots The loading cost of Premium Motor Spirit at private depots dropped to N925 per litre on Monday. The amount was a difference of N27 from N952 offered by the highest-selling depot last Friday. Marketers said this reduction was influenced...

CBN Extends Deadline for BDCs to Buy $25,000 Weekly from Banks The Central Bank of Nigeria (CBN) has granted eligible bureau de change operators more time to purchase foreign exchange (FX) from the Nigerian Autonomous Foreign Exchange Market (NAFEM). On December 20 2024 CBN granted BDC...

PRNigeria Fact-Check Exposes Misleading Claim by Buhari on Rental Income for Feeding In a recent statement that sparked widespread debate, former Nigerian President Muhammadu Buhari claimed that he relies on rental income from one of his houses in Kaduna State to support his living expenses...

Naira Appreciates by 4.14% at Official Market Nigeria’s exchange rate appreciated significantly in January 2025, gaining N63.72 against the dollar to close at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market. According to data from the FMDQ Securities Exchange Limited and the...