UN Says High Debt, Inflation Threaten Nigeria’s Economic Growth in 2024 The United Nations has disclosed that rising public debt, persistent inflation, high cost of living, and a weak business environment, will continue to pose a downward risk to Nigeria’s growth prospects. In its ‘World Economic...

Interconnect Debt: NCC to Disconnect Glo Customers from calling MTN The Nigerian Communications Commission says it will soon bar Globacom customers from making calls to MTN lines soon due to alleged non-settlement of interconnect charges. The NCC disclosed this on Monday in a public notice signed...

Dangote Reclaims Top Position as Africa's Richest on Forbes Billionaire List Nigeria’s Aliko Dangote has reclaimed his post as the richest person in Africa, according to Forbes Real-Time Billionaires. Last week, South African business tycoon, Johann Ruper, took over the position from Dangote. According to the ranking...

N110bn Debt: NERC Dissolves Kaduna Disco’s Board, Plans Sale The Nigerian Electricity Regulatory Commission, on Monday, announced the dissolution of the board of directors of Kaduna Electricity Distribution Company over the Disco’s inability to pay N110bn debt owed to the Nigeria Electricity Supply Industry. In a...

Court Restrains Emefiele’s Re-arrest, Fines EFCC N100m The Federal Capital Territory High Court in Abuja has declared the prolonged detention of the former Governor of the Central Bank of Nigeria, Godwin Emefiele, without trial as a flagrant violation of his fundamental rights. The court slammed a...

Tinubu Sacks BPE, FCCPC Chief Executives President Bola Tinubu has sacked the Executive Vice Chairman and CEO of the Federal Competition and Consumer Protection Commission, Babatunde Irukera, and the Director-General/CEO of the Bureau of Public Enterprises, Mr Alexander Okoh with immediate effect. A statement signed by...