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Business and Economy

Government Plans to Increase Mining License Fees and Charges

The federal government has revealed its intention to raise the rates of mining licenses and other fees payable by mining operators in Nigeria as...

Breaking News: NDIC Increases Deposit Insurance Coverage for Banks Nationwide

The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant revision of the Maximum Deposit Insurance Coverage for banks operating across the country.During a...

Lawyer to Post Restraining Order at MultiChoice Office Amid DSTV Tariff Hike

The Competition and Consumer Protection Tribunal in Abuja has directed the posting of its interim order, restraining MultiChoice Nigeria Limited from increasing DSTV tariffs,...

Binance Founder Receives 4-Month Prison Sentence for Money Laundering

Changpeng Zhao, the renowned founder of Binance, the world's largest cryptocurrency exchange, has been handed a four-month prison sentence for his involvement in activities...

Fuel Shortage Worsens Nationwide Amid Supply Glitch

A supply glitch in accessing products from the Nigerian National Petroleum Company Limited (NNPCL) has exacerbated the fuel scarcity nationwide, according to key petroleum...

Federal Government Initiates 2024 Oil Bid Round, Offers 12 Greenfield Oil Blocks

The federal government has announced the commencement of the 2024 oil bid round, featuring 12 oil blocks up for grabs, in addition to seven...

Fuel Shortage Paralyzes Business Operations in Kaduna

The bustling business landscape of Kaduna metropolis and its surrounding areas came to a grinding halt on Monday as fuel scarcity gripped the state,...

Fuel Crisis Deepens as Petrol Scarcity Spreads and Black Market Thrives

Despite assurances from the Nigerian National Petroleum Corporation (NNPC) that logistical issues causing fuel scarcity had been resolved, Nigerians in Lagos and other parts...

Fuel Subsidy Removal Vital to Avert Financial Crisis – Tinubu

President Bola Tinubu has defended his administration's decision to remove fuel subsidies, emphasizing that it was crucial to prevent Nigeria from facing financial collapse....

SERAP Takes Legal Action Against NNPC Over Alleged Missing Oil Revenues Worth Billions

The Socio-Economic Rights and Accountability Project (SERAP) has initiated legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) concerning the unexplained disappearance of...

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