FG Auditors Probe NNPCL’s N2.7trn Subsidy Refund Claim   The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government. This is as the...

CBN Raises Interest Rate to 27.50% to Combat Inflation The Central Bank of Nigeria (CBN) has increased the interest rate by 25 basis points to 27.50% to tackle the rising inflation rate, which stood at 33.87% in October 2024. This decision was made during the 298th...

Banks, Others Generated N2.7trn From Capital Market – SEC The Securities and Exchange Commission (SEC) on Monday revealed that banks and other companies raised a total sum of N2.7trn from the capital market in the first 11 months of 2024. It said the substantial sum was...

Wike Okays N70,000 Minimum Wage for FCT Workers   The Minister of the Federal Capital Territory, Nyesom Wike, has approved the immediate payment of N70,000, the new minimum wage for all administration staff. This was contained in a statement signed by the Press Secretary to the Head...

Passenger Luggage: Delay Will Now Attract $170, N10,000 Fines – NCAA   The Nigeria Civil Aviation Authority (NCAA) has vowed to take tough measures against airlines that delay passengers’ luggage. The regulatory agency said it will impose fines of $170 and N10,000 on foreign and local airlines,...

Customs Impounds 67,000 Litres of PMS Worth N84m   Amid the fuel hike in fuel price in Nigeria, Operation Whirlwind of the Nigeria Customs Service (NCS) has intercepted 67,000 litres of Premium Motor Spirit (PMS) otherwise known as petrol, valued at N84, 870,000,000 from smugglers. In a...