Naira vs. Pound Sterling: Holiday Rush Fuels FX Plunge to N1,950/£1 The Nigerian Naira (NGN) has seen a sharp depreciation against the British Pound Sterling (GBP), with the unofficial market rate hitting N1,950 This mid-week plunge is primarily driven by…
ByDavidSouth African satellite giant, MultiChoice Group has revealed that 11 television channels will no longer be available to customers on DStv from December 31. The group announced the development in a recent notice to subscribers. According to Multichoice, the affected…
Nigeria’s Energy Lifeline: FG Approves N185 Billion to Clear Gas Debts and Supercharge Power Supply The Federal Government’s recent approval to settle N185 billion in long-standing debts owed to natural gas producers marks a crucial intervention aimed at revitalizing Nigeria’s…
ByDavid
The Central Bank of Nigeria (CBN) has raised the weekly cash withdrawal cap to N500,000 for individuals and N5 million for corporations across all channels. The regulator set daily withdrawals from automated teller machines (ATMs) at N100,000, with a weekly…
CBN Revises Cash Withdrawal Rules: What Nigerians Need to Know (Effective January 2026) Join our WhatsApp group The Central Bank of Nigeria (CBN) has announced a significant revision to its cash withdrawal policies, effective January 1, 2026. These changes are…
ByDavid
FG Urges Nigerians to Report VIPs Flouting Police Escort Withdrawal Order The Federal Government has issued a direct appeal to Nigerian citizens, urging them to actively monitor and report any Very Important Persons (VIPs) found flouting the presidential directive regarding…
ByDavid
Bitcoin Plunges Below $86K as December Opens with High Selling Pressure Bitcoin, the flagship cryptocurrency, experienced a volatile start to December, dropping as much as 6% on Monday to breach the crucial $86,000 support level during early Asian trading. The…
ByDavid
Nigerian Resident Doctors Suspend Nationwide Strike After 29 Days The Nigerian Association of Resident Doctors (NARD) has suspended its nationwide indefinite strike, bringing an end to 29 days of industrial action that began on November 1. The decision was reached…
ByDavid
NMDPRA Report: Nigeria’s Daily Petrol Consumption Peaks at 56.7 Million Litres in October. Join our WhatsApp group Nigeria’s daily consumption of Premium Motor Spirit (PMS), or petrol, reached an average of 56.74 million litres in October 2025. This figure, released…
ByDavid
The Central Bank of Nigeria(CBN) has issued a strong warning asking all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement or promotional material that does not comply with established consumer-protection and fair-marketing standards. This…
Nigeria’s Corporate Income Tax Soars 40% to ₦2.78 Trillion in Q2 2025 Nigeria’s Company Income Tax (CIT) revenue demonstrated significant growth in the second quarter of 2025, reaching a robust ₦2.78 trillion. This figure, reported by the National Bureau of…
ByDavid
FIRS Announces Three-Day IT Shutdown for System Maintenance and Upgrades The Federal Inland Revenue Service (FIRS) has issued a public notice announcing a temporary, three-day shutdown of its entire information technology (IT) ecosystem. This mandatory downtime will affect all FIRS…
ByDavid
AfDB Approves $500 Million Loan for Nigeria’s Economic Governance and Energy Transition The African Development Bank Group (AfDB) has committed significant support to Nigeria’s reform agenda, approving a $500 million policy-based loan. This financing is designated for the second phase…
ByDavid
Condom distribution in Nigeria has decreased by 55% over the past year, according to a report from the Joint United Nations Programme on HIV/AIDS (UNAIDS), indicating a major barrier in the fight against HIV. This information was revealed by the…
FCCPC Caps Digital Lenders at Five Apps Amid Industry Consolidation Deadline The Federal Competition and Consumer Protection Commission (FCCPC) is instituting a major regulatory overhaul of Nigeria’s digital lending sector. The Commission has issued new guidelines capping the number of…
ByDavid