Eleven-Year Metering Gap Persists Despite Government’s N335 Billion Investment
Victor Uchenna, a barbershop owner in Lagos, faces a frustrating monthly reality: inflated electricity bills. Despite limited access to electricity in his shop, Uchenna often receives bills exceeding N75,000, and…
Bank Directors Association of Nigeria Reaffirms Commitment to Strengthening Nigeria’s Financial Ecosystem
The Bank Directors Association of Nigeria (BDAN) has reiterated its dedication to supporting policies aimed at enhancing Nigeria’s financial ecosystem. This reaffirmation came during a crucial meeting with Taiwo Oyedele,…
Bank of Industry Disburses N22.89 Billion to Manufacturers under N75 Billion Fund
The Bank of Industry (BOI) has announced the disbursement of N22.89 billion to 29 manufacturers under the Federal Government’s N75 billion Manufacturing Sector Intervention Fund. This announcement was made by…
Nigeria’s External Reserves Surge by $7.7 Billion in 2024 Amid Increased Portfolio Investments
Nigeria’s external reserves have seen a significant boost, rising by $7.7 billion to reach $40.3 billion in the 11 months leading up to November 2024. This increase is largely driven…
Crypto Utility Tokens: A Key Indicator of Value in the Industry
The value of a cryptocurrency often hinges on one crucial factor: its utility. Unlike assets that exist primarily for speculative or community-driven purposes, utility tokens provide tangible benefits both within…
$Luigi Memecoin Surges to $60 Million Market Cap Amid Murder Case Hysteria
December 2024 – The $Luigi memecoin, inspired by Luigi Mangione, the alleged killer of American CEO Brian Thompson, has exploded in popularity, reaching a market capitalization of $60 million just…
FCT High Court Rejects Bail Application by Ex-Kogi Governor Yahaya Bello in N110 Billion Fraud Case
Abuja, Nigeria – December 2024 – The Federal Capital Territory (FCT) High Court has dismissed the bail application filed by Yahaya Bello, the immediate past governor of Kogi State, in…
$250M WinHomes Estate Faces Demolition Amid Lagos-Calabar Highway Realignment
$250 Million Estate in Lagos Faces Demolition Amid Lagos-Calabar Highway Realignment, Diaspora Investors Seek Government Intervention The recent demolition of properties, including the WinHomes Global Investment estate, as part of…
Economic Hardship Strains Nigerians Amid Rising Inflation and FX Crisis
The cost of living in Nigeria continues to soar, with many individuals facing mounting financial pressures due to the combined effects of inflation and currency devaluation. Ifeanyi Caleb, a 35-year-old…
Nigeria’s Company Income Tax (CIT) Collections Drop by 28.2% in Q3 2024
Nigeria’s Company Income Tax (CIT) collections experienced a significant decline in the third quarter of 2024, falling to N1.77 trillion. This represents a 28.20% decrease compared to the N2.47 trillion…