Lagos – Good news for Nigeria! Our power sector just hit a new peak generation, reaching 5,713.6 megawatts (MW) on March 2, 2025. The Transmission Company of Nigeria (TCN) announced this electrifying achievement. That’s a jump of 170MW over the previous peak of…
Idiroko – The Nigeria Customs Service (NCS) and Benin Republic customs have agreed to strengthen their trade relationship. Both countries want to fight smuggling and create a safer environment. Comptroller Mohammed Shuaibu of the NCS said this relationship is important for both countries and…
Abuja – President Bola Ahmed Tinubu has named Shamsedeen Babatunde Ogunjimi as the new Accountant General of the Federation. The appointment follows a selection process. New Accountant General: Key Details Bayo Onanuga, Special Adviser to the President, released a statement. It confirmed the…
Lagos – The Socio-Economic Rights and Accountability Project (SERAP) wants President Bola Tinubu to suspend the recent ATM fee hike. SERAP urges President Tinubu to order the Central Bank of Nigeria (CBN) to immediately suspend the ATM fee hike. They want the…
President Bola Tinubu approved the N54.99 trillion budget for 2025. This budget aims to boost Nigeria’s economic growth. The National Assembly approved it on February 13, 2025. Tinubu spoke at the signing in Abuja. “We see signs of progress,” he said. The budget shows the…
The Federal Competition and Consumer Protection Commission (FCCPC) has directed MultiChoice Nigeria to keep its current subscription prices. This order will remain in effect until the investigation into the proposed price increase is complete. The FCCPC is examining potential market dominance abuse.…
MTN Group has alerted shareholders to a significant decrease in its earnings per share (EPS) for the year ending December 31, 2024. This decline is primarily due to forex losses in Nigeria. The company stated in a Thursday release that this warning…
Nigeria is getting a break at the pump. Dangote Petroleum Refinery announced today it’s dropping the price of petrol (Premium Motor Spirit or PMS) to ₦825 per litre. This new price, down from ₦890, takes effect immediately, February 27, 2025. The ₦65…
ABUJA – Nigeria’s GDP Growth hit 3.4% in 2024, according to the National Bureau of Statistics (NBS). This is up 0.66 percentage points from 2.74% in 2023. The NBS reported that the yearly GDP Growth was higher than last year. The oil sector also…
The Central Bank of Nigeria (CBN) will implement new ATM transaction fees starting March 1, 2025. The changes, announced today, aim to cover increased operational costs for banks. The revised fees affect withdrawals made at ATMs. Customers using their own bank’s ATMs…
