British banknotes with the image of King Charles III has entered circulation for the first time today after almost two years he became king after the death of his mother, Queen Elizabeth II. The four banknotes with the king’s portrait on the front carry values of £5, £10, £20 and […]
Nigerian superstar Davido’s foray into the crypto world with his $DAVIDO token proved short-lived, as the meme coin suffered a dramatic 93% value drop within a day of launch. Initial Hype and Quick Profit Launched on the Solana blockchain, the $DAVIDO token initially generated excitement, with Davido reportedly making a […]
The Central Bank of Nigeria (CBN) has today raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. After the 2-day meeting of the bank’s Monetary Policy Committee (MPC), they agreed to increase the Monetary Policy Rate(MPR) for the third consecutive time to […]
American Express (Amex) is making a splash in Nigeria’s business landscape with the launch of its first-ever business credit card in the country. Partnering with local neobank O3 Capital, Amex aims to address the persistent challenge of dollar accessibility for Nigerian businesses. Credit Card Options and Addressing Dollar Scarcity Unveiled […]
The Nigerian Electricity Regulatory Commission (NERC) has made a significant announcement regarding the unbundling of the Transmission Company of Nigeria (TCN) and the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO). This development comes as a result of the enactment of the Electricity Act 2023, which provides […]
A Federal High Court sitting in Abuja has today, ordered the stoppage of the planned increase of Multichoice Nigeria Limited’s DStv and GOtv subscription prices. The media company, Multichoice Nigeria Limited, had last week announced another price increment across its DStv and GOtv packages effective May 1, 2024 and attributed […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has projected that the ongoing petrol scarcity, which has extended to more states, will persist for at least two weeks before normalizing. This announcement comes despite the Nigerian National Petroleum Company Limited’s (NNPCL) assurance of adequate product stock. Chinedu Ukadike, the Public […]
Telecoms operators in the country including the popular MTN, Airtel and Globacom are mulling the idea of a cost-reflective tariff in view of the current economic realities. This was contained in a statement jointly released today by the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of […]
Today marked a significant milestone in the efforts to enhance Nigeria’s local refining capacity as NNPC Ltd. sealed a landmark deal with the Port Harcourt Refining Company (PHRC) and African Refinery. The signing of a share subscription agreement paves the way for the co-location of a 100,000 barrels per day […]
President Bola Tinubu has today commended Dangote Oil and Gas Limited for reducing the price of diesel. This was made known in a statement by the presidential spokesperson, Ajuri Ngelale. In his statement, the president described the move as an “enterprising feat” and the price review represents a sharp drop, […]
