BDC operators arrested as naira weakens to 1,419/$

By Damilola Aina The Economic and Financial Crimes Commission on Monday conducted an on-the-spot raid at the Wuse Zone 4 area of Abuja, arresting an unidentified number of Bureau De Change operators.... Read more »

Tribunal stops Multi-Choice from increasing DStv, GOtv tariffs

A Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on Monday, restrained Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on May 1. The three-member tribunal, presided... Read more »

Customers panic as CBN bans Opay, Palmpay, others’ new accounts

Justice Okamgba, Eddidiong Ikpoto and Henry Falaye Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the... Read more »

FX crisis: Court permits EFCC to freeze 1,146 individuals, companies’ accounts

A Federal High Court, Abuja has granted an interim order sought by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts belonging to individuals and companies over allegations... Read more »

Court asks Air Peace to answer FIJ’s queries on aircraft operations

By Adekunle Sulaimon A Lagos High Court has ordered Air Peace to answer questions raised by the Foundation for Investigative Journalism on the libel suit filed by the firm on its aircraft operations... Read more »

Work-from-home: 92 million jobs to be done remotely by 2030

By Makua Ubanagu A new white paper from the World Economic Forum, in partnership with digital technology consultants Capgemini, predicts that a staggering 92 million jobs are expected to be done entirely remotely... Read more »

Naira rebounds to 1,275/$ at parallel market

By Damilola Aina The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase... Read more »

Telcos seek tariff hike to offset soaring costs

By Justice Okamgba Telecom operators in Nigeria have insisted on calls for an upward tariff review in a move to offset the soaring costs of operation and investment in the sector. This demand... Read more »

Anambra gas stations to shut down supply services over ₦900 million areas

By Okey Maduforo Fuel Stations in Anambra state would be shut down indefinitely if the state government fails to pay the sum of N900 million owed to it’s members for the supply... Read more »

Consumers lament as food prices rise 30% in eight states

Dare Olawin, Olasunkanmi Akinlotan and Anozie Egole Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to... Read more »