Custodians of Truth
The Federal High Court in Abuja has issued an order to extend the freeze on 818 bank accounts suspected of receiving funds from a N10 billion cyberattack on Hope Payment Service Bank. Justice James Omotosho granted the additional 30-day freeze […]
The Central Bank of Nigeria (CBN) recently announced that, following its interventions, Nigerian banks have refunded about N7.05 billion and $714,569.03 to customers. This was disclosed in the CBN’s monthly bulletin, CBN UPDATE September Special Edition, available on its website. […]
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has revealed that a new tax bill under consideration by the National Assembly aims to reduce tax obligations for low and middle-income earners, while higher-income individuals will […]
Maritime operators have cited Nigeria’s ongoing foreign exchange crisis as a significant factor hindering the completion of four out of seven inland dry ports initially approved by the government. These ports, designed to expand cargo handling capacity away from the […]
The national electricity grid experienced another collapse on Monday evening, plunging several regions into darkness. This latest outage occurred around 6:18 pm, and by 7 pm, power generation had dropped to zero from an earlier 3.87 gigawatts, leaving households and […]
As Nigerians face a steep rise in cooking gas prices, with LPG reaching N1,500 per kilogram in some areas, industry stakeholders are highlighting the role domestic production could play in reducing costs. Suresh Kumar, Managing Director of NIPCO Plc, expressed […]
Ivory Coast is considering selling a larger stake in its cocoa processing company, Transcao, to the Malaysian firm Guan Chong Berhad (GCB), as reported by the country’s cocoa industry regulator. GCB’s Singaporean subsidiary recently secured a 25% stake in Transcao […]
The Lagos Chamber of Commerce and Industry (LCCI) has announced free entry for all visitors to the 2024 Lagos International Trade Fair (LITF), aiming to attract one million visitors over the 10-day event. Scheduled for November 1-10 at Tafawa Balewa […]
Amid widespread panic following unverified reports of potential bank closures, the Central Bank of Nigeria (CBN) has moved swiftly to reassure the public that all funds deposited in Nigerian financial institutions are secure. In a statement released on Tuesday, the […]
Oil prices continued to rise on Monday, with Brent crude nearing the $80 mark, driven by concerns over escalating Middle East tensions and the potential impact on global oil supply. Brent crude futures rose by $1.09, or 1.4%, reaching $79.14 […]