Dave Ibemere
5952 articles published since 20 Sep 2021
5952 articles published since 20 Sep 2021
Lagos residents rejected a 33% waste collection fee increase after monthly charges rose from N6,000 to N8,000 despite months of irregular refuse evacuation.
The naira stabilised at N1,366.73/$1 in the official market despite sustained FX demand, while the parallel market remained unchanged at N1,400/$1.
The CBN found foreign exchange infractions in 34 financial institutions, recommended penalties, confirmed banks were largely compliant, and strengthened supervision.
Imported petrol now costs more than Dangote Refinery fuel as landing prices reached N1,223.32 per litre, prompting IPMAN to renew calls for Nigeria to halt imports.
Nigeria's telecom and fintech stakeholders urged regulators to provide clearer policies as about 40 million Nigerians increasingly rely on airtime credit.
Nigerian equities declined for a second straight session, wiping N1.005 trillion from investors' wealth amid sustained profit-taking in blue-chip stocks.
Bank customers filed 23,129 complaints in 2025, prompting the CBN to order N19.12 billion and $329.3 million refunds while imposing N1.69 billion penalties.
Nigeria's top three cement manufacturers delivered strong half-year earnings, driven by rising demand, improved efficiency, exchange-rate stability.
Dangote Refinery launched free petrol delivery in six states, offering marketers buying 250,000 litres N1,215-per-litre fuel, logistics support, and 10-day credit.
Dave Ibemere
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