BUSINESS
Start Embracing Alternative Payment Channels, CBN Tells Nigerians
The Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative payment channels such as eNaira and internet banking, insisting that the Naira redesign policy was not targeted at any individual or group. Speaking at the CBN Special day during the ongoing 44th Kaduna International Trade fair organized by the Kaduna Chambers of Commerce, Industry, Mines and Agriculture (KADCCIMA)...
Abia Residents Carpet EEDC Over Increase In Electricity Tariff
Public power consumers in Abia State, South East Nigeria, are lamenting the latest hike in electricity tariff by the Enugu Electricity Distribution Company, EEDC. The people who described the tariff increase as unbearable, accused the energy supply company of not considering the present economic challenges facing Nigerians in its business decisions. About six months ago, the Abia State House of Assembly...
IPPIS: ASUU mobilises members for strike
Academic Staff Union of Universities (ASUU) has threatened to embark on strike if the Accountant General of the Federation stops salaries of lecturers this January. The association claimed the FG had noted that it would stop the salaries of the lecturers for failing to enrol for the Integrated Personnel and Payroll System (IPPIS). ASUU said that a circular from the office...
Cardoso Reaffirms Commitment To Enhance Financial Stability
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to shaping global regulatory frameworks for stablecoins and other digital assets, emphasizing that innovation must enhance financial stability. Olayemi Cardoso, governor of the CBN, made this known in Washington D.C. while briefing journalists at the close of the 2025 annual meetings of the International Monetary Fund (IMF) and the World...
Nigeria At Risk Of Debt Distress — Report
Nigeria is at a very high risk of debt distress, a report released by an Abuja-based policy think tank, Agora Policy, has said. The report noted that “despite official statements about the sustainability of Nigeria’s growing debts, the public debt is not only understated but has also become a major drag on public finance”. According to the report, “the proportion of...
PCRC Provides Food Products To Widows Of Ex-Police Officers
The Abia State Police Community Relations Committee (PCRC) has donated food items and other household materials to over 100 widows of deceased police officers in Abia State. State President of Police Officers Wives Association (POWA), Mrs. Esther Uma Orji, made the presentation on behalf of the Zone 9 PCRC led by Dr. Collins Obi at the office of the Acting...
Ikpeazu Vows To Complete Enyimba City Garment Industry This Year
Abia State Governor, Dr. Okezie Ikpeazu on Friday performed the ground-breaking ceremony for the construction of the Aba Leather And Garment Industrial Cluster and the Enyimba City Garment Industry all located at Umunneato, Umukalika in Obingwa Local Government Area with an assurance to complete the Garment Industrial Cluster this year. According to the Governor, the Enyimba City Garment Industry is...
CBN Announces Fee Waiver For Bureau De Change License Renewal In 2025
The 2025 license renewal fee for all bureau de change (BDC) operators has been waived by the Central Bank of Nigeria (CBN). Jonah Onojah, the director of the financial policy and regulation department, recently announced the development, saying the waiver took immediate effect. The statement reads, “This is to inform all existing bureaux de change that, further to the Regulatory and Supervisory...
Dangote’s Refinery Is Game-Changer For Nigeria, Africa – Akinwumi Adesina
President of the African Development Bank (AfDB) Akinwumi Adesina has described the Dangote Refinery and Petrochemical Plant projects as a “game-changing initiative” that will spur development and deepen regional integration. Adesina said this after a tour of the crude oil refinery and petrochemical production plant owned by Dangote Industries Limited on Saturday. “I was very impressed with Dangote’s refinery and petrochemical...
Filling Stations Adjust Pump Prices, Sell Petrol At N162 [SEE PHOTOS]
Less than 24 hours after the increase in the ex-depot price of Premium Motor Spirit (petrol) was announced, some filling stations in Lagos and Ogun states have adjusted their pump prices, selling the product at between N150 and N162 per litre. Our correspondent, who visited several filling stations along the Lagos-Ibadan Expressway, observed that Fatgbems sold a litre of petrol...
