BUSINESS Archives - Page 16 of 36

Ogun Moves Towards 24-Hour Power Supply, Begins Electricity Consumption Audit 0

Ogun State Governor, Prince Dapo Abiodun, has announced plans to carry out a comprehensive electricity consumption audit as part of efforts to improve power distribution efficiency and achieve stable 24-hour electricity supply across the state. Honorary Degree Holders Barred From Using ‘Dr’ Title In Nigeria The governor disclosed this during an inspection visit to

Nigeria’s Public Debt Surges Under Tinubu Administration: Over ₦65–71 Trillion Added Amid Questions on Utilization 0

Abuja, April 29, 2026 — Nigeria’s total public debt has risen sharply since President Bola Ahmed Tinubu assumed office in May 2023, with official figures showing an increase of approximately ₦65 trillion by mid-2025 and further growth pushing the stock to ₦159.28 trillion by December 2025, according to the Debt Management Office (DMO). Debt Stock Growth

Price Of Petrol Drops In Filling Stations 0

Petrol prices across parts of Nigeria’s Federal Capital Territory have recorded a noticeable decline, offering slight relief to consumers. In several areas of Abuja, filling stations have adjusted pump prices downward to ₦1,295 per litre, reflecting a ₦35 reduction from the previous ₦1,330 rate. The price drop, observed on Friday, has been implemented by

New Rules Take Effect May 1, 2026 – Full Details From Circulating Infographic 0
- BUSINESS, NEWS
- April 21, 2026
Central Bank of Nigeria (CBN) announcing sweeping new rules for the Bank Verification Number (BVN) system. The announcement, titled “NEW BVN RULES (2026)”, aims to strengthen fraud prevention, enhance data privacy, and tighten digital banking security across Nigeria’s financial ecosystem. The eye-catching graphic, complete with the CBN emblem and a bold green-and-white design featuring Nigeria’s
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No Ban On Airtime Loans, Data Advance, Says FCCPC Amid Public Confusion 0
- BUSINESS, SLIDE
- April 19, 2026
The Federal Competition and Consumer Protection Commission (FCCPC) has debunked widespread claims suggesting that airtime borrowing and data advance services have been banned across Nigeria. In an official statement released via its 𝕏 platform, the Commission described such reports as false, misleading, and a misinterpretation of ongoing regulatory reforms within the telecom and digital
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Who Will Pay This Debt? – Expert Reacts As Nigeria’s Public Debt Hits ₦159 Trillion 0
- BUSINESS, SLIDE
- April 16, 2026
Financial expert, Paul Alaje, has warned that Nigeria’s rising debt profile will not only affect current citizens but will also place a heavy burden on future generations. Reacting to the country’s latest debt figures, Alaje explained that the growing debt stock directly translates into higher servicing costs, which are ultimately funded through taxes and
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