The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts linked to illicit foreign exchange (FX) trading. Speaking in Abuja on Tuesday, Ola Olukoyede, EFCC’s chairman, said the
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The Nigerian Electricity Regulatory Commission (NERC) has transferred oversight of the electricity market in Ekiti state to the Ekiti State Electricity Regulatory Bureau (EERB). In a statement on Tuesday, the commission
The Central Bank of Nigeria (CBN) has further reduced the foreign exchange (FX) rate for dollar allocations to bureau de change (BDC) operators. On Tuesday, the CBN, in a circular
On Tuesday, a Dana Air plane veered off the Lagos airport runway, leading to the diversion of other flights to the international airport. Confirming the development in a statement, Dana
The Transmission Company of Nigeria (TCN) says four of its towers along the Jos–Gombe 330 Kilo Volt (kV) transmission line
Adebayo Adelabu, minister of power, has described the power sector crisis as “historical”, stressing it has defied all solutions. Adelabu
The China General Chamber of Commerce (CGCC) in Nigeria says no Nigerian has been subjected to discrimination or denied access
The federal government says it would sell off five electricity distribution companies (DisCos) under the management of banks and Asset
The naira on Monday depreciated further to N1,260 per dollar at the parallel section of the foreign exchange (FX) market.
The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of the Nigerian Postal Service (NIPOST) subsidiaries over improper
