The Federal Nigeria Society for the Blind (FNSB) has praised First City Monument Bank (FCMB) for its unwavering support of the visually impaired community in Nigeria. Through financial contributions and the provision of essential resources, FCMB has bolstered programs at FNSB, Pacelli School for the Blind, Bethesda Home for the Blind, and Farmcraft Centre for…
The Nigerian stock market maintained its downward trajectory on Wednesday, with key performance indicators declining by 0.44 percent. The market capitalization of the Nigerian Exchange Ltd. (NGX) fell by N289 billion, or 0.44 percent, dropping from N66.942 trillion on Tuesday to N66.653 trillion. Additionally, the All-Share Index decreased by 468 points, closing at 106,436.48, down…
Paul Alaje, a financial analyst and Chief Economist at SPM Professionals, has indicated that the price of Premium Motor Spirit (petrol) could decrease to between N650 and N800 per litre if the ongoing price competition between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) persists. In an interview with Channels Television on Tuesday,…
The Petroleum Retailers Outlets Owners Association (PETROAN) has praised the Nigerian National Petroleum Company Limited (NNPCL) for its recent reduction in petrol prices. This announcement was made by PETROAN spokesperson Joseph Obele on Monday. NNPCL has lowered its retail price from N965 per litre to N880 in the Federal Capital Territory, Abuja. In response, PETROAN’s…
The Central Bank of Nigeria (CBN) has officially introduced new Automated Teller Machine (ATM) withdrawal fees for Nigerians, effective Saturday, March 1, 2025, as reported by DAILY POST. This change follows the CBN’s announcement on February 11, 2025, stating that a fee of N100 will be charged for ATM withdrawals, with an additional N450 fee…
President Tinubu has officially enacted the 2025 budget appropriation bill. The National Assembly approved a total budget of N54.99 trillion for the upcoming fiscal year. Originally set at N49.7 trillion, the budget was increased to N54.2 trillion following a request from President Bola Tinubu. The budget allocation details indicate that N3.645 trillion is designated for…
The Federal Competition and Consumer Protection Commission (FCCPC) has instructed MultiChoice Nigeria to maintain its current subscription rates while investigations are ongoing. It was previously reported that the Pay-TV provider planned to implement a 21% increase in subscription fees for its DStv and GOtv packages, set to take effect on March 1, 2025. In response…
The World Bank has confirmed its approval of $2.2 billion in new loans for the Nigerian Federal Government in 2025. As outlined in the World Bank’s project list, this funding will be distributed across six distinct initiatives. Among the allocations, $500 million is designated for the ‘Community Action for Resilience and Economic Stimulus Programme,’ which…
By Ajibola Olarinoye Is Exness a Legitimate Broker? When searching for a forex trading broker, every trader faces the important question of legal compliance. It’s essential to ensure that the broker adheres to the regulations applicable in your jurisdiction. Exness stands out as one of the few brokers that fulfill the legal requirements necessary…
The Arewa Consultative Forum (ACF) has presented a report to the National Assembly, detailing its perspectives and suggestions regarding the Tax Reform Bills. This report was prepared by a specialized committee of experts. In a statement released yesterday by its National Publicity Secretary, Tukur Muhammad-Baba, the ACF emphasized that “the proposed tax reforms will have…
