Economy

Airport gridlock: Tinubu suspends e-payment at toll gates

President Bola Tinubu has suspended the cashless payment system at airport toll gates across the country following widespread gridlock that has caused passengers to...

NERC orders DisCos to refund ₦20.33bn to metered customers

The Nigerian Electricity Regulatory Commission (NERC) has ordered all electricity distribution companies to pay ₦20.33 billion in outstanding meter reimbursements to customers under the...

FAAC: VAT revenue jumps to ₦1.08tn

Total Value Added Tax (VAT) earnings rose to ₦1.08 trillion in January as a new sharing formula commenced, altering how the proceeds are split...

Money laundering: Court acquits ex-NDDC director, others in ₦3.6bn EFCC case

A Federal High Court sitting in Lagos on Tuesday discharged and acquitted a former Executive Director of Projects, Niger Delta Development Commission (NDDC), Tuoyo...

Nigeria’s net reserves surge to $34.8bn in two years: CBN gov

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said Nigeria’s net foreign exchange reserves rose sharply to $34.80 billion at...

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