SERAP sues the CBN over a regulation requiring bank customers’ social media handles

Socio-Economic Rights and Accountability Project (SERAP) has initiated legal proceedings against the Central Bank of Nigeria (CBN) for its alleged negligence in addressing the regulatory requirement mandating banks to... Read more »

Investment banker predicts that the naira would rise to N600/$ by the end of the year

Charge investors to capitalize on reform prospects. Investment bankers believe the naira would rise to between N550 and N600 per dollar later this year as the foreign exchange market... Read more »

Twitter has threatened to sue Meta over the Threads app

Twitter has vowed to sue Meta over the latter company’s new platform, which is called Threads. On Wednesday, July 5, the parent company of Meta, Instagram, announced Threads, a... Read more »

Telecoms investment stock reaches $75.6 billion as the sector contributes N10.126 trillion to GDP

Danbatta guarantees increased capital inflow and service expansion Prof. Umar Garba Danbatta, Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), announced that the overall stock of investments... Read more »

The World Bank will invest $750 million towards Nigeria’s electricity

As part of the World Bank’s recently stated plans to increase people’s access to electricity in Nigeria, the Nigeria Electrification Project (NEP) will receive an additional $750 million in... Read more »

Elon Musk sets temporary reading limits on Twitter

In an effort to prevent the high levels of data scraping and system manipulation that have been taking place, Elon Musk, Chief Executive Officer of Twitter, has put some... Read more »

IPMAN Tells Nigerians To Not Panic Buy, They Have No Plans To Increase Petrol Price

IPMAN “The Independent Petroleum Marketers Association of Nigeria” have recently addressed and denied reports which claimed that  members of its association have made plans to increase the pump price... Read more »

Concerns about an impending increase in electricity tariffs

NERC maintains silence on July 1 take-off New tariff may be quietly approved Consumers face vending issues amid frenzied buying Hiking is unavoidable but untimely, say experts There is... Read more »

The UK government will assist Nigeria’s banking sector and innovation

The United Kingdom has reaffirmed its dedication to assisting Nigeria’s financial industry, in particular the capital market, in becoming more forward-thinking, environmentally responsible, and resistant to the impending problems... Read more »

“NGX RegCo is dedicated to fostering an open and orderly market”

‘NGX RegCo has agreed to promoteTinuade Awe, NGX Regulation’s Chief Executive Officer NGX Regulation Limited (NGX RegCo) has reaffirmed its commitment to maintaining the nation’s capital market as transparent,... Read more »