About seven million Nigerian families will receive cash transfers before the end of 2025, as the Nigerian government has said it has disbursed N300bn to Nigerians
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FG suspends 4% FOB Customs charge after backlash, import costs to Drop
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Depot owners protest as Dangote slashes petrol price by N259
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Mixed fortunes as naira reverses two-week gain amid surge in reserves
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Shoprite stores close in two states as Lagos, Abuja outlets struggle with empty shelves
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Step-by-step guide to applying for FG’s Presidential Conditional Grant scheme, deadline in 6 days
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US hours from government shutdown over Christmas
US lawmakers raced Friday to prevent a government shutdown due to bite within hours, after Donald Trump and Elon Musk sabotaged a bipartisan agreement that would have kept the lights on well beyond Christmas. "If there is going to be a shutdown of government, let it begin now, under the Biden Administration," Trump said on social media early Friday, seeking to avoid blame for the chaos.
Brits kindle Christmas spirit with second-hand gifts
Bursting with customers one afternoon the week before Christmas, a second-hand charity shop in London's Marylebone High Street looked even busier than the upscale retailers surrounding it. Mkt, a brand which aims to put charity shops in empty shopping centres and high street spaces, has himself given second-hand Christmas gifts for "many, many years".
Russia central bank holds off rate hike after criticism
Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows criticism from the country's political and business elite over the effects of higher borrowing costs on the economy.
Lekki and environs to enjoy better power supply as TCN installs new transformer
The TCN has installed a new 75MVA transformer at the Lekki substation to effectively upgrade the station's capacity to increase and improve power supply.
Nigerians, business owners react to CBN’s limit on PoS Ttansactions
According to business owners, the Central Bank of Nigeria's (CBN) decision to impose cash withdrawal limits on Point-of-Sale (PoS) operators is bad for businesses/
Credit Suisse collapse probe slams banking regulator
Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday.
China lifts rock lobster ban, bringing end to Australian trade barriers
China has lifted a ban on imports of Australian live rock lobsters, Canberra said Friday, demolishing the final barrier in a broader, multibillion-dollar trade war between the countries. "This is great news for our live rock lobster producers and fishers here in Australia, and importantly, it means that they can now apply for import permits to go back into this market."
Hope of increased power supply as Lagos takes over electricity oversight from NERC
NERC has handed over the regulation of the Lagos state electricity market to LASERC, which now oversees electricity generation and distribution in Lagos.
Nigeria moves to ban Dollar, Pound Sterling, other foreign currency payment In country
A law that would forbid using other currencies for payments and transactions within Nigeria passed First Reading on the floor of the Red Chamber on Tuesday.
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