FG to Question More Cryptocurrency Executives Amid Crackdown
The Federal Government, through the Office of the National Security Adviser (NSA), is poised to summon and interrogate executives from various cryptocurrency platforms across the country following the recent questioning of two Binance executives. According to sources, the move comes in the wake of heightened scrutiny on cryptocurrency operations in Nigeria. The Financial Times on […]
Tinubu Issues New Directives to Dangote, BUA to Roll Back Prices
President Bola Ahmed Tinubu has issued a directive to major cement manufacturers, including Dangote and BUA, to revert to previous prices of the commodity. The announcement came after the Minister of Works, Senator David Umahi, inspected the BUA cement factory in Sokoto on Thursday, where he conveyed the directive to the manufacturers. During a recent […]
Oprah Winfrey Announces Departure from Weight Watchers Board
Oprah Winfrey has revealed her decision to step down from the board of Weight Watchers, a move that adds to the challenges facing the company in the competitive weight-loss market. Serving on the board since 2015, the celebrity stated that she will not seek re-election at the upcoming shareholder meeting in May. The company’s shares […]
Table Water Prices Set to Reach N100 per Sachet, Says ATWAP
The Association of Table Waters Producers (ATWAP) has said that the price of pure water could rise to N100 per sachet due to escalating production material costs. During a press conference in Lagos, ATWAP President Clementina Ativie highlighted challenges including high diesel prices, power shortages, and production expenses. Ativie emphasized that the existing water price […]
MTN Nigeria Links Network Outage to “Multiple Fibre Cuts”
Telecommunications company MTN Nigeria has explained that the network disruption experienced by its 87 million subscribers on Wednesday was due to “multiple fibre cuts”. MTN boasts of 87,038,768 subscribers as of December 2023, according to data by the Nigerian Communications Commission (NCC), representing 38.79% of the total market share, the highest in the country by […]
CBN Raises Monetary Policy Rate to 22.75% in First MPC Meeting of the Year
The Central Bank of Nigeria (CBN) announced a significant increase in the Monetary Policy Rate (MPR) from 18.75 percent to 22.75 percent during its first Monetary Policy Committee (MPC) meeting for the year in Abuja on Tuesday. Governor Yemi Cardoso disclosed the decision, highlighting the unanimous agreement among all 12 committee members. The adjustment aims […]
Nigeria Bans Cooking Gas Export to Lower Domestic Prices
The Federal government of Nigeria has implemented a ban on the exportation of cooking gas to drive down prices and ensure availability within the country, as announced by the Minister of State for Petroleum Resources, Ekperikpe Ekpo, on Thursday. Ekpo revealed this decision during a stakeholders workshop in Abuja with the theme, “Harnessing Nigeria’s Proven […]
Senate Launches Inquiry into Skyrocketing Cement Prices
The Senate President, Godswill Akpabio has ordered its Committee on Industries to unravel the reasons behind the increase in the price of cement by producers of the commodity in Nigeria. Akpabio made the call yesterday directing the committee to find a possible solution to the high prices of cement and influence the manufacturing companies in […]
Tinubu Orders Payment of Aso Rock’s Electricity Bill Amid Disconnection Notice
President Bola Tinubu has taken swift action to resolve the looming disconnection threat over the outstanding electricity bill owed by Aso Rock, the nation’s seat of power. The Abuja Electricity Distribution Company (AEDC) in an advertorial titled ‘Notice of disconnection’ published on Monday said that the presidential villa and 86 government ministries, departments, and […]
Lagos to Commence Full Enforcement of Styrofoam Ban on Monday
The Lagos State Government is set to initiate the complete implementation of the ban on Styrofoam food containers across the state starting Monday, February 19. Tokunbo Wahab, the Commissioner for the Environment and Water Resources, made this announcement during a meeting with market leaders at the BlueRoof in Alausa, Ikeja. According to the statement, […]
