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JUST IN: NDIC increases deposit insurance coverage level for banks nationwide
The Nigeria Deposit Insurance Corporation (NDIC) has announced a revision of the Maximum Deposit Insurance Coverage for banks operating within the country.
Speaking at a media briefing in Abuja on Thursday, NDIC’s Managing Director,!-->!-->!-->…
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‘How Nigeria recorded 20 national grid collapses in five years’
The Transmission Company of Nigeria (TCN) says the number of system collapses has reduced significantly in the country.
In a statement on Wednesday, Ndidi Mbah, TCN’s spokesperson, said grid disturbances declined by 76.47 percent in!-->!-->!-->…
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Nasarawa assembly gives AEDC 14 days to restore electricity
The Nasarawa State House of Assembly has issued a 14-day ultimatum to the Abuja Electricity Distribution Company (AEDC) to restore electricity to communities across the state or quit.
The Speaker of the House, Mr Danladi Jatau, made the!-->!-->!-->…
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Fuel Scarcity: Marketers threaten shutdown over non-payment of over N200bn bridging claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum, has exonerated its members from the current fuel scarcity in the country.
According to IPMAN, this is caused by its inability to source petroleum!-->!-->!-->…
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NNPCL announces date for commencement of operations of Kaduna refinery
The Management of the Nigerian National Petroleum Company Limited (NNPCL) says the rehabilitation of the Kaduna Refining and Petrochemicals Company (KRPC) will be completed by the end of 2024 after years of being shut down due to lack of!-->…
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CBN orders Moniepoint, Opay, Kuda, others to suspend taking new customers over illicit foreign…
The Central Bank of Nigeria (CBN) has ordered four fintech companies to suspend them from opening new accounts and accepting new customers over allegations that they were being used to funnel cryptocurrency and manipulate the naira’s!-->…
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Nigerians express different views about cost of foodstuff
A cross-section of some Nigerians in Plateau, Benue, and Taraba states, have expressed divergent views over the current prices of goods and services in the country.
The respondents, who spoke in separate interviews with the News Agency!-->!-->!-->…
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Naira depreciates at parallel market, official window
The naira depreciated to N1,320 per dollar at the parallel market of the foreign exchange (FX) on Friday.
The current FX rate signifies a decline of 1.54 percent from N1,300/$ traded on April 24.
Currency traders, known as Bureau de!-->!-->!-->!-->!-->…
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Commercial motorcyclists lament scarcity, high cost of fuel in Kaduna
Commercial motorcycle and tricycle operators in Kaduna State have lamented the high cost of fuel, a development they said has negatively affected their business.
Some of the operators bore their minds in separate interviews on Friday.
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JUST IN: Fire outbreak disrupts flight operations Lagos airport
A fire outbreak on Thursday morning disrupted flight operations at the Murtala Muhammed Airport in Lagos.
Confirming the incident, the Federal Airport Authority of Nigeria (FAAN) in a statement issued by its Director of Public Affairs!-->!-->!-->…
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