Federal Government Of Nigeria
NERC to enforce sanctions as DisCos fail to meet energy uptake requirements
The NERC Performance Monitoring Framework Orders has clear stipulations on what each DisCo is required to meet in terms of energy offtake, and these ones fell short.
FG repays China, World Bank, IMF, other loans as Nigeria’s debt hits N144.6 trillion
The Debt Management Office (DMO) has explained that Nigeria spent about N5.97 trillion on debt servicing in 2024, relative to N5.23 trillion in 2023.
Basket of pepper increases in price, Lagos residents, others lament
According to findings from a visit to some Hausa pepper dealers, the price of a bag of red pepper has gone up from N100,000 to N200,000 or more across the country.
Innoson gets rival as another company begins sale of electric vehicles in Nigeria
LOXEA Nigeria has introduced BYD electric vehicles into Nigeria to rival Innoson as Nigeria pivots to cleaner and greener energy solutions in Africa.
Heritage Bank depositors protest as NDIC speaks on partial reimbursement
In response to the NDIC announcement that depositors would only receive partial reimbursement, affected Heritage Bank customers have criticized the nmove.
JP Morgan, top US bank, seeks licence to operate in Nigeria as it predicts naira FX rate in 2025
The top US investment banker, JP Morgan, is seeking to convert its Lagos representative office into a full-fledged merchant bank, offering dollar-denominated loans.
Billionaire Xolane Ndhlovu splashes N5m on Nigerian lady unable to pay for Azul Drink
South African billionaire and philanthropist, Xolane Ndhlovu, has splashed about N5 million on a Nigerian lady, Odoh Mary Ukamaka, a Nigerian young lady.
Breaking: Tinubu's minister backs bad governance protests, sends strong warning to demonstrators
The federal government has declared support for peaceful protests in Nigeria. The minister of youth, Ayodele Olawande, however warned against violence.
World Bank clarifies $10.50 million funding request for CBN as Nigeria’s debt hits N144.6 trillion
The World Bank has explained that the $10.50 million funding sought by the Central Bank of Nigeria was a grant and not a loan as previously reported.
Federal Government Of Nigeria
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