ECONOMY, NEWS, TECH
CBN Proposes New Tech-Driven AML Standards to Combat Financial Crimes in Real Time
May 23, 2025
In a bold move to modernize anti-money laundering (AML) efforts within Nigeria’s financial sector, the Central Bank of Nigeria (CBN) has unveiled a draft framework titled “Baseline Standards for Automated AML Solutions”. The document aims...
Mbah Launches Ease-of-Doing-Business Council to Propel Enugu’s $30bn Economic Vision
May 23, 2025
In a bold move to reposition Enugu State as a premier destination for investment, business, and tourism, Governor Peter Mbah on Thursday inaugurated the Enugu State Ease-of-Doing-Business Council, a critical step toward realizing his administration’s...
IPMAN Urges Full Settlement of ₦200bn Bridging Claims, Commends DSS for Mediation Efforts
May 23, 2025
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Shettima, has called on the Nigerian National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to settle the remaining backlog of fuel bridging...
Shameful Relief? Nigerians React as Dangote Refinery Slashes Petrol Price by ₦15 While Government Watches
May 23, 2025
In what many have described as a hollow victory, the Dangote Refinery has reportedly reduced the price of Premium Motor Spirit (PMS) — popularly called petrol — from ₦1,200 per litre to ₦1,185. While the...
U.S. House Passes Trump Tax and Spending Mega-Bill
May 22, 2025
In a dramatic vote that underscores the deep political divisions on Capitol Hill, the U.S. House of Representatives has narrowly passed a sweeping tax and spending bill championed by former President Donald Trump, marking a...
Nigeria’s Telecom Sector Poised for $1 Billion Infrastructure Overhaul
May 22, 2025
Nigeria’s telecommunications industry is on the brink of a major transformation, as operators have committed over $1 billion toward new network infrastructure—the largest investment of its kind in the sector’s recent history. According to the...
Tinubu Inaugurates NNPCL Board and Management Seven Weeks After Appointment
May 22, 2025
President Bola Tinubu has officially inaugurated the newly appointed board and management team of the Nigerian National Petroleum Company Limited (NNPCL), formally swearing them in on Thursday, May 22, 2025—seven weeks after their initial appointment...
Naira Ends Week Stronger, Closes at N1,598.72/$ at Official Market
May 17, 2025
The Naira closed the trading week on a positive note, appreciating to N1,598.72 per US Dollar at the official foreign exchange market on Friday, May 16, 2025. Data from the Central Bank of Nigeria (CBN)...
Tinubu Sends ₦1.78 Trillion FCT Budget to Senate for Expedited Approval
May 14, 2025
President Bola Tinubu has transmitted a proposed ₦1.783 trillion Federal Capital Territory (FCT) Statutory Appropriation Bill for the 2025 financial year to the Senate, urging lawmakers to give the proposal expedited consideration for the sake of efficient governance in the nation’s capital. The...
Lagos Hits N1.3 Trillion Revenue Milestone, Boosts Land Use Tax Collection by 37%
May 14, 2025
Lagos State recorded a significant leap in its internally generated revenue (IGR), pulling in ₦1.3 trillion in 2024 a 45% increase from ₦895 billion in 2023. This was disclosed by Commissioner for Finance, Abayomi Oluyomi,...
