FG Pays Over N700bn Verified Contractor Debts, Disburses N436bn In May
Federal Government Clears N700bn Contractor Obligations To Boost Economic Activity The Federal Government has processed payments exceeding N700 billion in verified obligations owed to local contractors over the past few months, including N436.6 billion disbursed in May alone, as part of ongoing efforts to clear long-standing debts, support businesses and stimulate economic activity across the […]
NERC Launches Net Billing System For Solar Power Users
Businesses, Institutions Can Now Sell Excess Solar Electricity To DisCos Under New NERC Regulation The Nigerian Electricity Regulatory Commission has commenced the implementation of the Net Billing Regulations 2026, introducing a major reform that allows eligible electricity consumers with renewable energy systems, particularly solar installations, to generate electricity for personal use and sell excess power […]
Fuji Star Remi Aluko Reveals Battle With Blindness After Years of Glaucoma
Singer Says He Can Barely See Despite Surgery, Chooses Positivity Over Depression Veteran Fuji musician Remi Aluko has opened up about his prolonged battle with glaucoma, revealing that he can barely see and now lives with a condition he describes as being no different from blindness. The popular singer made the emotional revelation during a […]
Food prices jump in April 2026 — NBS
Food Inflation Persists As Prices Of Basic Commodities Increase Across Several States The National Bureau of Statistics (NBS) has revealed that the prices of major food items including tomatoes, beans, garri, onions, ginger, and palm oil recorded fresh increases in April 2026 despite some year-on-year declines in selected commodities. The bureau disclosed this in its […]
CBN Reassigns Four Deputy Governors In Major Leadership Shake-Up
Phillip Ikeazor Takes Over Monetary Policy Directorate As Central Bank Restructures Top Management The Central Bank of Nigeria (CBN) has announced a major internal restructuring involving the reassignment of all four deputy governors of the apex financial institution. The changes, which officially took effect from June 1, 2026, were reflected in the updated management profile […]
CBN Extends PoS Geo-Fencing Compliance Deadline to July 31
Banks, fintech operators get additional time to meet new payment security requirements The Central Bank of Nigeria (CBN) has extended the deadline for the enforcement of its Point of Sale (PoS) terminal geo-fencing framework to July 31, 2026, in a move aimed at giving financial institutions and payment operators additional time to comply with the […]
EU Fines Temu €200m Over Sale of Illegal and Unsafe Products
European Union Sanctions Chinese-Owned Retail Platform for Consumer Safety Violations The European Union has imposed a 200-million-euro fine on Chinese-owned online retail platform Temu over allegations that the company allowed the sale of illegal and unsafe products to consumers across the bloc. The sanction, announced on Thursday, marks one of the biggest penalties issued under […]
Dangote Refinery Slashes Diesel Price by N200 Amid Rising Global Oil Tensions
New N1,600 Per Litre Diesel Rate Raises Hopes for Lower Fuel Costs and Economic Relief Dangote Refinery has reduced the gantry price of automotive gas oil, popularly known as diesel, from N1,800 to N1,600 per litre, offering fresh hope of lower fuel costs and possible economic relief for businesses and consumers across Nigeria. The latest […]
CBN Suspends Further Interest Rate Cuts Over Global Economic Uncertainty
Apex Bank Adopts Cautious Monetary Stance Amid Inflation Concerns and Foreign Exchange Pressures The Central Bank of Nigeria (CBN) has reportedly suspended plans for further interest rate cuts as monetary authorities continue to assess growing global economic uncertainties and persistent inflationary pressures affecting the domestic economy. The development reflects a cautious approach by the apex […]
FG Warns MDAs, Suppliers Against Violating ‘Nigeria First’ Vehicle Procurement Policy
FG Moves to Enforce Local Vehicle Procurement, Threatens Sanctions for Defaulters The Federal Government has issued a stern warning to Ministries, Departments and Agencies (MDAs), as well as contractors and suppliers, over non-compliance with its ‘Nigeria First’ policy on local vehicle procurement, declaring that violators will face sanctions. The directive was made public by the […]