Year: 2024

N180bn Electricity Debt: EEDC to Disconnect Government Houses, CBN, Others

The naira ended the week in red against the dominant US dollar in the foreign exchange market as demand and supply continues to test effectiveness of Nigeria’s willing buyer, willing seller FX policy.

The Federal Government said it has offered organised labour N62, 000 which is equivalent to 42 US dollar at N1476 exchange rate as the new national minimum wage for workers in the country.

MultiChoice Nigeria says it will appeal Friday’s ruling of the Competition and Consumer Protection Tribunal in Abuja, which awarded a N150 million fine against it for challenging the court’s jurisdiction.

The Economic and Financial Crimes Commission (EFCC) has arraigned three men before an Ikeja Special Offenses Court for allegedly stealing the sum of N3.5 billion from Access Bank.

Mr Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has commended Tetracore Energy for its investment in a 10 million standard cubic

The Nigeria Governors’ Forum (NGF) says though a new minimum wage is due, the proposed N60,000 is not sustainable. NGF’s Acting Director on Media and Public Affairs, Hajiya Halima Ahmed, in a statement on Friday in Abuja, sympathised with the labour unions in their push for higher wages.

Gov. Ademola Adeleke of Osun on Friday presented N4 billion bond certificates to both state and local government retirees in the state.

The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, ₦150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers.

The African Development Bank (AfDB) and technology giant Intel have formalized their cooperation to transform the African digital ecosystem. The partnership