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Monday, November 25, 2024

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Planned electricity tariffs hike insensitive, callous, says NLC

Nigeria Labour Congress (NLC) condemned the proposed hike in electricity tariffs by July 1st, noting that the plan is both insensitive and callous and...

FAAC shares N786bn May revenue among FG, states, LGAs

The three tiers of government have shared N786.16bn May revenue among themselves according to the Federation Account Allocation Committee report. PUNCH reports that the figure...

NMDPRA clarifies oil import license issuance, fuel importation permits in Nigeria

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has strongly denied recent allegations claiming that the Nigeria National Petroleum Company Limited (NNPCL) lacks...

CBN makes more policy changes, removes restriction from domiciliary accounts

The Central Bank of Nigeria, CBN, has again made more policy changes. According to the Director of Corporate Communications, Dr Isa AbdulMumin, the policy changes...

CBN lifts restrictions on domiciliary account operations

The Central Bank of Nigeria (CBN) has lifted restrictions placed on domiciliary accounts limiting individuals' operations. The lift was contained in a “further guidance on...

IMF drums support for CBN’s exchange rate unification policy

The International Monetary Fund (IMF) on Friday expressed support for the Central Bank of Nigeria (CBN’s) exchange rate unification policy. The Nation report claimed the...

IPMAN protests exclusion from petroleum product distribution, urges President Tinubu’s intervention

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) took to the streets of Lagos in a peaceful protest on Thursday. The demonstration...

NCC tasks telcos on network security, consumer safety

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) and Internet Service Providers (ISP) in the country to comply with regulatory frameworks...

Nigeria’s Telecom access gaps drop by 53%

The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at...

Banks now free to trade forex at any rate – CBN

The Central Bank of Nigeria has announced that commercial banks can now go ahead to freely trade foreign exchange at any rate they prefer. This...

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