Four banks lost N1.77bn to fraud in 2021, says report

Four Nigerian deposit money banks lost a total of N1.77bn to fraudulent activities involving the banks’ employees and consumers in 2021. This was contained in the 2021 financial statements of…

We don’t know exact daily fuel consumption – FG 

Minister of State for Petroleum Resources, Chief Timipre Sylva has said that the federal government does not know the exact amount of petrol consumed across the country daily. In an interview…

if we borrow and pay asuu to take our children back to school we will have less crimes- DEPUTY MINORITY LEADER OKECHUKWU SAYS, calls on government to create enabling environment for businesses, technology

In the National assembly today, a bill was raised to create more institutions for technology, which was said to not have sat well with few lawmakers in the house. In…

MultiChoice implements price adjustments on DStv, GOtv packages; gives concessions

With effect from April 1st, MultiChoice Nigeria has released new adjusted prices for both Dstv and Gotv packages, with concessions to cushion the price adjustments. The new DStv Package prices Premium, N21,000,…

It is not the responsibility of the federal government to provide water to people in their houses – Minister of Water Resources, Suleiman Adamu, says

The Minister of Water Resources, Suleiman Adam, has said it is not the responsibility of the Federal government to provide water for Nigerians in their homes. According to him, it…

Banks raise maximum lending rate to 30.73%

There are indications that banks are widening their interest rate margin apparently to cushion the impact of rising inflation on their operating cost and profitability. This involves raising lending rates…

4,500 aggrieved investors drag Chinmark CEO Marksman, Facebook influencer Chisom

About 4,500 aggrieved investors have lashed the Chief Executive Officer and Chairman of Chinmark Group, Marksman Ijiomah, over unpaid funds invested in the company despite many deadlines given for refund.…

Nigerian TV, Radio Stations Threaten To Shut Down Over Skyrocketing Fuel Prices

The Broadcasting Organisation of Nigeria has warned that television and radio stations in the country may shut down their operations over the persistent fuel scarcity and skyrocketing diesel prices. Yemisi…

fuel scarcity: NNPC, NMDPRA, airline operators agree to end scarcity

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company (NNPC) Limited avaition fuel marketers and the airlines operators have agreed on an interim price of Jet…

Aviation fuel: Stakeholders reach agreement to stop airlines’ strike 

Stakeholders in the aviation industry have reached an agreement to sell aviation jet A1 fuel at N500 within the next three days to prevent a shutdown of airline operations across…