BDC agents reject new CBN licensing guidelines

Oluwakemi Abimbola and Daniel Adaji The Central Bank of Nigeria has mandated all existing Bureau De Change Operators to re-apply for new licenses in their preferred category. This was announced on Wednesday... Read more »

Electricity subsidy gulps N629bn as Discos generate N1.1tn

By Okechukwu Nnodim The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained... Read more »

Forex: 200 BDC operators arrested, EFCC alleges fraud

Abiodun Sanusi, Damilola Aina The Economic and Financial Crimes Commission has arrested over 200 suspects in connection with foreign exchange scams and manipulation of the financial markets. Sources privy to the development... Read more »

Prove claim military is profiting from terrorism, DHQ tells gov

By Solomon Odeniyi The Defence Headquarters, on Wednesday, urged the Katsina State Governor, Dikko Radda, to come forward and substantiate his allegations against the military. According to the military high command, Radda, while... Read more »

19 Rifles not missing in Anambra, says CP Itam

By Okey Maduforo Anambra Police Commissioner Nneghe Obong Itam has dismissed reports that nineteen police rifles are missing in the Command contending that it is a ploy to score cheap personal agenda... Read more »

IPMAN, Anambra agency in war path over filling station signages advisement fee

By Augustin Okoro The Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed displeasure over the decision of the Anambra State Signage and Advertising Agency (ANSAA) to disregard the agreement it had... Read more »

Anambra Community faults LG Commissioner on peace perspective, demands panel of enquiry

By Our Reporter Concerned stakeholders of Eziowelle Improvement Union EIU, have faulted the Commissioner for Local Government, Chieftaincy and Community Affairs on his selective approach towards genuine reconciliation of the communal interests... Read more »

Security guard stabs man to death in Anambra church

By Ikenna Obianeri A security guard, identified as David Isaac, attached to St. Alphonsus Catholic Church, Nkpor Uno in Idemili North Local Government Area of Anambra State, has allegedly stabbed a yet-to-be-identified teenager... Read more »

Generator fumes kill seven in Bayelsa music studio

Abuthor _bc Seven persons among whom were many said to be students of the Niger Delta University, Yenagoa, were found dead inside a music studio on Tuesday morning after inhaling what is... Read more »

Naira slide pushes Dangote diesel to N1,100/litre

By Okechukwu Nnodim The price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to N1,100/litre due to the crash of the naira against the... Read more »