FCCPC Slams N110bn Fine On British American Tobacco over Violation The Federal Competition and Consumer Protection Commission (FCCPC) has slammed a $110m fine on British American Tobacco (Nigeria) as a result of its violation of the Federal Competition and Consumer Protection Act, National Tobacco Control...

Yuletide: Nigeria's Oil Price Rises $81.11 per barrel in One Week The price of Nigeria’s Bonny Light, rose to $81.11 per barrel, from $78 per barrel it closed last week, indicating an excess of $3.15 per barrel against the 2024 budget reference price of $77.96...

World Bank Disburses $1.45bn State Loan to FG The World Bank says it has disbursed $1.45bn from the $1.5b States Fiscal Transparency, Accountability, and Sustainability Programme fund to the coffers of the Federal Government. The amount, which has been received so far as of December 12,...

Railway Debt Servicing Rises by 1,200%, Exceeds Revenue – Report Railway debt servicing cost exceeded revenue by 1,208.5 per cent in the first half of 2023, an analysis of debt service documents has shown. In the first half of 2023, the government spent $38.59m (N29.98bn at...

World Bank Projects Insecurity, Economic Hardship to Worsen in Six States  World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa State...

Union Bank Probe: CBN Investigator Rejects Lemo, Others’ Plea The Special Investigator probing the activities of the Central Bank of Nigeria (CBN) and Other Related Entities, Mr. Jim Obazee, yesterday rejected an excuse by the Chairman of Titan Trust Bank Limited, Mr. Tunde Lemo, and...