NUPENG to Nigerians: Don’t be deceived by Dangote refinery’s free petrol delivery — it’s Greek gift
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says the free petrol distribution announced by the Dangote refinery is a “Greek gift”. A Greek gift is a present given with a hidden intention to harm the recipient. On Thursday, the refinery said the free direct supply of the product will commence in 11 […]
FG collects N600bn VAT from Facebook, others
The Federal Government has announced that Nigeria has successfully collected over ₦600bn in Value Added Tax from global digital service providers such as Facebook, Amazon, and Netflix. Mr Mathew Osanekwu, Special Adviser on Tax Policy to the Chairman of the Tax Reforms Committee, disclosed this during a workshop for media practitioners in Abuja on Wednesday. […]
CBN Sets Date for Interest Rate Decision Meeting
CBN Sets Date for Interest Rate Decision Meeting The Central Bank of Nigeria (CBN) has announced that the 302nd meeting of its Monetary Policy Committee (MPC) will take place later this month at the CBN head office in Abuja. The announcement published on its website stated that the meeting is scheduled to begin on Monday, […]
Burden on Nigerians Is Becoming Legendary” — Obi Knocks Tinubu on Passport Hike
Former Presidential Candidate of the Labour Party (LP), Mr. Peter Obi, has condemned the Bola Ahmed Tinubu-led Federal Government for increasing the cost of obtaining a Nigerian passport, describing the move as another heavy burden on already struggling citizens. In a post on his X handle Thursday night, the former Anambra State governor expressed shock […]
Apply: FG rolls out another interest-free loan scheme, mentions those eligible
Ayodele Olawande, minister of youth development, has unveiled ‘YouthCred’, a federal government initiative aimed at providing members of the National Youth Service Corps (NYSC) with access to single-digit interest loans to support their entrepreneurial ambitions. Last week, the Nigerian Consumer Credit Corporation (CREDICORP) partnered with NYSC to provide corps members with access to credit facilities […]
CBN Slams 10-Metre Rule on PoS Agents to Curb Fraud Nationwide
Central Bank of Nigeria (CBN) has issued a new directive that will shut down PoS devices that are used outside of a merchant’s registered address. In a circular released on August 25, 2025, the regulator ordered all licensed operators, including Moniepoint, OPay, PalmPay, and banks, to geo-tag every PoS terminal within 60 days. This means […]
FG: We’ve opened single-digit mortgage loans for Nigerians
Ministry of Finance Incorporated (MOFI) says Nigerians have started accessing affordable long-term mortgage facilities at 9.75 per cent. The mortgage facilities extend as long as 20 years, a radical initiative aimed at bridging the country’s estimated 20 million units housing gap. Chief Executive Officer, (MOFI), Dr. Armstrong Takang, said several beneficiaries across geopolitical zones have […]
DIKKO: As Corruption Fights Back, Reforms Fight Harder: Card Payments, CCTV, Trackers and Digital Governance Takes Root
The Chairman and Sole Administrator of Pacesetter Transport Services (PTS), Dr. Salami Ibraheem Oladeji Dikko, has disclosed that the Oyo State Government has expended a total of #2.1 billion to subsidize transportation for residents across the state under the Sustainable Action for Economic Recovery (SAfER) initiative. Dr. Salami Dikko made this revelation on Monday during […]
CBN Clarifies NRBVN Charges for Nigerians in Diaspora, Reaffirms Commitment to Financial Inclusion
The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform, affirming that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. Making the clarification in Abuja on Friday, July […]
Microsoft, Like Meta And Google, Cuts Jobs To Fund Expensive AI Ambitions
Amid growing economic uncertainty and the soaring cost of artificial intelligence expansion, Microsoft has announced plans to lay off nearly 4% of its global workforce. The technology giant confirmed the job cuts on Wednesday, saying they are part of its strategy to control costs while making significant investments in AI infrastructure. The company, which employed […]