The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has highlighted the remarkable journey of the bank, describing it as a powerful story of resilience, innovation, and economic transformation across the African continent. Speaking at the opening ceremony of the 2025 Afreximbank Annual Meetings (AAM) in Abuja, Nigeria, Prof. Oramah stated that the…
In a major move to revive its subscriber base, MultiChoice Nigeria has announced a 50% price slash on DStv decoders, reducing the cost from ₦20,000 to ₦10,000. The decision comes amid a significant decline in customer numbers and growing concerns about affordability. MultiChoice Launches ‘We Got You’ Campaign According to John Ugbe, Chief Executive Officer…
Governor Dapo Abiodun of Ogun State has announced a massive N2 billion intervention fund for the development of critical infrastructure at Moshood Abiola Polytechnic (MAPOLY), Ojere, Abeokuta. In addition, the governor awarded a N2.5 million cash prize to each of the institution’s best graduating students from the 2015/2016 to 2023/2024 academic sessions. The announcement was…
Dangote Refinery Price Hike Triggers Fresh Surge Across Filling Stations The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to ₦945 per litre in Abuja and ₦915 in Lagos, signaling another wave of pressure on consumers and the broader Nigerian economy. The upward adjustment was observed on Monday, June 23,…
The Court of Appeal in Lagos has delivered a landmark judgment, reversing a 2013 Federal High Court ruling that had granted Guaranty Trust Bank (GTBank) the right to foreclose on a ₦30 billion luxury mansion in Ikoyi, Lagos, owned by Agboola Abiola, son of late business mogul and presidential hopeful, Chief MKO Abiola. According to…
In a major breakthrough for Nigeria’s digital financial ecosystem, 13 commercial banks have fully settled their Unstructured Supplementary Service Data (USSD) debts owed to Mobile Network Operators (MNOs). This development paves the way for a new airtime-based billing model, ensuring transparency and sustainability in USSD banking transactions. Engr. Gbenga Adebayo, Chairman of the Association of…
In a major political realignment in Kaduna State, former Director General of the National Emergency Management Agency (NEMA), Mohamed Sani Sidi, has officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). The high-profile defection event held in Kaduna drew prominent figures, including Governor Uba Sani, Speaker of the House of…
Abuja, Nigeria – Nigeria’s inflation rate has dropped for the second month, falling to 22.97% in May 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). This marks a notable decrease from 23.71% in April and 24.23% in February, showing positive signs for the economy. 🧾…
The Federal Competition and Consumer Protection Commission (FCCPC) has officially summoned Air Peace Limited to appear before it following widespread passenger complaints regarding unrefunded ticket fares and flight cancellations. In a statement released on Monday, June 16, 2025, the Commission said the airline has been directed to appear at its Abuja headquarters on June 23,…
In a major development on Monday, the High Court of the Federal Capital Territory (FCT) granted bail to embattled former Central Bank Governor, Godwin Emefiele, for ₦2 billion. Justice Yusuf Halilu, who presided over the bail ruling, noted that although Emefiele has three ongoing criminal trials, he has not jumped bail in any of them,…
