Naira Strengthens Further, Closes Gap with Official Rate
|By Adejumo Adekunle- – Black market rate hits N1,500 per dollar – FX market shows narrowing disparity – CBN maintains interest rate pause The Naira has extended its upward…
CPPE Urges CBN to Cut Interest Rates After Holding MPR at 27.5%
– Think Tank Applauds CBN’s Decision to Pause Rate Hikes – Calls for Reduction in CRR, Citing Global Comparisons – Warns of Disconnection Between Financial System and Real Economy …
Nigeria’s Power Generation Hits Historic 5,543.20MW Peak – TCN
|By Adejumo Adekunle – New Energy Record Surpasses Previous High by 3,484.60 MWH TCN Successfully Transmits Peak Power to Distribution Networks Despite Milestone, Power Sector Still Faces Major Hurdles…
Dormant Bank Accounts in Nigeria Surpass 19.69 Million Despite CBN’s Policy Reforms
|By Adejumo Adekunle- Inactive Accounts Surge in 2024, Peaking at 20.57 Million in Mid-Year CBN Orders Banks to Reveal Dormant Accounts and Unclaimed Funds 6.51% Yearly Increase Recorded Despite…
NNPC Boss Debunks Fuel Import Claims, Says No PMS Brought in Since 2025 Began
|By Adejumo Adekunle – Allegations of 200 Million Litres Importation Are Baseless No Quality Issues with Fuel Nationwide Legal Action Underway Against Peddlers of False Reports The Group…
Elon Musk Backs Proposal for Tax Refunds to US Citizens—$5,000 Payouts in Sight
|By Adejumo Adekunle- DOGE Dividend Plan Could Ease Tax Burden for Americans Musk to Consult Trump on $5,000 Tax Refund Proposal 80% of Savings to Cut National Debt, 20% for…
SERAP Gives CBN 48-Hour Ultimatum to Reverse ‘Unjust’ ATM Fee Hike, Cites Legal Violations
|ByAdejumo Adekunle – Rights group threatens legal action if CBN fails to comply Says policy worsens financial hardship, contradicts consumer protection laws Describes new charges as discriminatory, favouring banks…
NNPCL Vows Legal Action Over Viral Claim on Petrol Quality
|By Adejumo Adekunle- State-owned firm dismisses allegations as misinformation Labels video originators as economic saboteursSays most Lagos petrol supply comes from Dangote Refinery The Nigerian National Petroleum Company Limited (NNPCL)…
Fitch Ratings Suspends Monitoring of Dangote Industries Amid Refinancing Challenges
|By Adejumo Adekunle – Fitch Ratings, a global credit rating agency, has halted its assessment of Dangote Industries, citing commercial reasons. This decision follows the agency’s earlier placement of…
Naira Weakens Further Against Dollar as Depreciation Continues for Second Day
|By Adejumo Adekunle – Parallel Market Sees Naira Drop to N1,580 per Dollar Official Exchange Rate Slips to N1,503.07 per Dollar Currency Faces Consecutive Declines Amid Forex Volatility The…
