Nigeria’s currency faces severe depreciation, ranking as one of the worst-performing globally in 2024, with experts pointing to fiscal imbalances and low foreign reserves The Naira’s depreciation continues to raise concerns as it dropped further to N1,710 per dollar in the parallel market, making it one of the worst-performing currencies globally in 2024. This trend…
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to pay taxes for government revenue, emphasizing that the government needs financial resources to provide essential services. Speaking at the Abuja Business and Investment Summit on Wednesday, Wike highlighted the importance of tax payments in sustaining public services. During the summit, themed Optimising…
In the second quarter of 2024, TikTok deleted more than 2.1 million videos in Nigeria due to violations of its community guidelines, according to a recent report. The popular social media platform, which has been committed to enhancing user safety, revealed that its efforts to moderate harmful content in Nigeria have become increasingly proactive. The…
Tinubu’s tenure as petroleum minister has seen an astronomical rise in fuel prices, severely impacting Nigerian citizens already facing economic hardship When President Bola Tinubu took office in May 2023, many Nigerians had high hopes for better governance, but PMS prices under Tinubu have continued to soar, contrary to his campaign promises. His administration has…
Widespread blackout reported after another national grid collapse, with power disruptions across several states Nigeria has once again been plunged into darkness following a collapse of the national grid on Monday, October 14, 2024. This latest grid failure has resulted in widespread power outages across the country, disrupting daily activities and adding to the existing…
Following the Department of State Services’ intervention, the Nigerian National Petroleum Company Limited will now sell petrol to the Independent Petroleum Marketers Association of Nigeria at N995 per litre The Nigerian National Petroleum Company Limited (NNPCL) has officially agreed to supply Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at…
Platforms like TikTok, YouTube, and Instagram are empowering content creators to unlock financial freedom and career growth through creative expression Social Media Platforms for Financial Freedom: New Pathways for Wealth Building As financial freedom strategies evolve in the digital age, platforms like TikTok, YouTube, and Instagram have emerged as powerful tools for content creators to…
Nigerian Electricity Regulatory Commission (NERC) reveals that Benin and Togo have outstanding electricity debts totaling $5.7 million for the second quarter of 2024 Benin and Togo owe Nigeria $5.7 million in outstanding electricity payments for power consumed in the second quarter of 2024, according to the Nigerian Electricity Regulatory Commission (NERC). The unpaid sum is…
Discussions between Dangote Petroleum Refinery and marketers to finalize petrol pricing and supply agreements The Independent Petroleum Marketers Association of Nigeria (IPMAN) is preparing for key discussions with Dangote Petroleum Refinery, scheduled between Tuesday and Wednesday, to finalize agreements on the pricing and distribution of petrol from the newly operational $20 billion Lekki-based refinery. Reports…
Federal Government initiates clampdown on private jets with unpaid import duties, affecting top business executives The Federal Government is set to ground over 60 private jets due to unpaid import duties, a move that targets high-profile individuals, including business moguls and top bank executives. This decision, driven by the Nigerian Customs Service (NCS), aims to…
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