Banks’ Customers To Pay ₦6 Per SMS Transaction Alert Starting Today
Banks will commence implementing charges for alerts and other short messages (SMS) communications to their customers at the rate of N6 for every SMS transaction with effect from today, Egalitarian Voice reports. This is coming on the heels of the increase in telecommunications rates by telecommunication providers following a nod by the Federal Government. The SMS charges […]
Electricity Tariff Now More Than New Minimum Wage – NLC
The Nigeria Labour Congress (NLC) has lamented that the current electricity tariff is more than the new minimum wage of ₦70,000 approved by President Bola Tinubu’s administration. NLC President, Joe Ajaero, stated that inflation has eroded the purchasing power of the minimum wage, rendering it ineffective. Ajaero noted that the tax regime, particularly the tax […]
FG Grants Tax Waivers To Dangote, Mikano, 103 Others Amid Calls For Reform
The Federal Government has granted tax waivers to Dangote Fertilisers, Mikano International Limited, and 103 other companies, raising the total number of beneficiaries under the Pioneer Status Incentive (PSI) scheme to 105 as of December 2024, This development comes amid mounting concerns over the policy’s economic effectiveness and the government’s plan to phase out the […]
NMDPRA: Nigeria’s Daily Petrol Consumption Reduced By 17m Litres Since Subsidy Removal
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria’s average daily petrol consumption decreased to 49.8 million litres from 66.9 million litres as of May 2023. Speaking during a State House briefing on Tuesday, Farouk Ahmed, NMDPRA’s chief executive officer (CEO), said the daily petrol consumption has dropped by 17.1 million litres since […]
Nigeria’s Inflation Jumps to 24.23%
Nigeria’s Inflation Jumps to 24.23% in March Nigeria’s inflation rate jumped to 24.23% in March 2025, up from 23.18% in February, according to the National Bureau of Statistics (NBS). The 1.05% rise highlights the ongoing squeeze on households already struggling with rising living costs. The latest NBS data shows widespread price increases across both urban […]
CBN Sends Important message to Nigerians
CBN Sends Important message to Nigerians The Central Bank of Nigeria (CBN) has warned against the spraying, hawking, mutilation or counterfeiting the Naira.Acting Director, Corporate Communications Department of the CBN, Mrs Hakama Sidi Ali gave the warning during the bank”s Special Day at the ongoing 36th Enugu International Trade Fair. She urged the public to […]
FG Opens Application Portal For MSME Funding, Receives 60,000 Entries
FG Opens Application Portal For MSME Funding, Receives 60,000 Entries The Nigerian government has announced that the application for the 2025 MSME awards will remain open until April 7, 2025 According to the organisers, about 60,000 applications have been received, with more expected to roll in before the closing date Winners of the award will […]
Local Govt Autonomy Faces Setback as Governors Resist CBN-Controlled Accounts
Governors from various states in Nigeria are opposing the federal government’s attempts to require local governments to establish accounts with the Central Bank of Nigeria (CBN) for direct allocation payments. The federal government’s strategy comes in response to a recent Supreme Court decision that grants financial independence to local governments, ensuring that funds are deposited […]
For 50 Years, We Were Spending The Money of Generations Yet Unborn— Tinubu
President Bola Ahmed Tinubu articulated on Thursday the rationale behind his administration’s economic reforms, saying the primary motive was protecting the interests of future generations. . “For 50 years, Nigeria was spending money of generations yet unborn and servicing the West coast of our subregion with fuel. It was getting difficult to plan for our […]
Joy is Coming! NNPCL Reduces Petrol Price Per Litre – Check The Latest Price
The Nigerian National Petroleum Company Limited (NNPCL) has lowered its petrol pump price from ₦945 to ₦860 per litre…..CONTINUE READING. This price adjustment was observed at several NNPCL retail outlets, where fuel dispensers have already been recalibrated to reflect the new rate. While there has been no official announcement yet, some fuel marketers have confirmed […]