The House of Representatives Committee on Financial Crimes has taken decisive action against cryptocurrency exchange platform Binance for its failure to appear before the committee in an investigation hearing. The committee resolved to recommend invoking the House's powers to subpoena and arrest Binance executives following their absence from the...
The equities market opened the week with N112bn gain as 16 gainers emerged, led by MTN Nigeria Communications Plc, whose share price increased by 10 per cent on the back of the revocation of its $2bn tax case in Nigeria.
The Attorney General of the Federation, Abubakar Malami, had dropped...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has announced an increase in the monetary policy rate (MPR) from 22.75% to 24.75%. Olayemi Cardoso, CBN Governor, revealed this decision during the committee's 294th meeting in Abuja, emphasizing the bank's efforts to combat inflation.
According to Cardoso, "The...
The Ibadan Electricity Distribution Company Plc (IBEDC) says there will be no disconnection of electricity to non-paying customers during this period of lockdown in Coronavirus pandemic.
Its Chief Operating Officer, Mr John Ayodele, made this known in a statement issued in Lagos on Friday.
According to him, this is in recognition...
The Nigerian National Petroleum Corporation Limited (NNPCL) has confirmed an upward review of pump price of petrol.
Garba Deen Muhammad, Chief Corporate Communications Officer, NNPC Ltd, confirmed this in a statement on Wednesday afternoon.
“NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS...
The Central Bank of Nigeria (CBN) has issued a directive to deposit money banks across the nation, compelling them to enforce a 0.5% cybersecurity levy on transactions, in adherence to the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024.
In a circular released on May 6, 2024, the apex bank instructed...
The vision of Governor Udom Emmanuel, to make the Akwa Ibom State owned Airline, Ibom Air, become the West African Aviation power house, is nearing reality, following indications that Ibom Air could soon commence regional operations between Nigeria and The Gambia.
This was part of discussions Monday, when the Gambian...
Amazon founder Jeff Bezos has regained his position as the world's wealthiest individual, surpassing Elon Musk in net worth. Bezos' rise to the top spot comes as Tesla CEO Musk sees a decline in his fortune due to fluctuations in Tesla's stock price and legal challenges.
On Monday, Jeff Bezos...
