The Federal Competition and Consumer Protection Commission(FCCPC) has imposed a $220,000,000 penalty against Meta Platforms Incorporated over alleged discriminatory practices against Nigerian data and consumers. This...
A global technology outage on Friday caused widespread disruptions across various industries, grounding flights, taking broadcasters off the air, and affecting services ranging from...
Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has cautioned that ongoing inflationary pressures could necessitate prolonged monetary tightening, potentially hampering the nation’s...
Global tax and advisory firm, KPMG Nigeria, has expressed criticism of the federal government’s 50% windfall tax on banks’ foreign exchange revaluation gains recorded...
The naira traded at N1,620 on Thursday, extending its depreciation streak to five days at the parallel section of the foreign exchange (FX) market. The local...
For several years now, especially since May 2023, when it was commissioned by (then) President Muhammadu Buhari, the Dangote Refinery, located in Lekki, Lagos, has...
President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years. President Tinubu...
The Nigeria Customs Service (NCS) has set its exchange rate for duties collection at N1584/$, surpassing the official closing rate of N1581/$ on the NAFEM window...
Parallel market operators are quoting a buy price above N1,600/$1 for holders of naira looking to buy dollars, as the local currency faces rising...
Nigeria is the fifth fastest Sub-Saharan African country in internet speed, with an average download speed of 27.62 Mbps. This is according to the...