Business

NIN/BVN Linkage: CBN sets to Take Action as Deadline Expires

The Nigerian banks, acting on behalf of the Central Bank, have recently notified customers to link their Bank Verification Number (BVN) and National Identification Number (NIN). This is…

Daily Report August 14, 2025

Business

BREAKING: Detained Binance Executive Escapes

Nadeem Anjarwalla, a detained Binance executive, who is currently facing tax evasion charges, has reportedly escaped from Nigerian custody. The 38-year-old Anjarwalla vanished on Friday, March 22. He was allegedly…

August 14, 2025

Business

BREAKING: Tribunal Restrains MultiChoice from Raising DSTV, GOtv Packages

On Monday, a Competition and Consumer Protection Tribunal (CCPT) in Abuja issued an interim order restraining MultiChoice Nigeria Limited from increasing its tariffs and costs of products and services, which…

August 14, 2025

Business

Court Grants Chioma Okoli N5m Bail Over Online Comments on Erisco Tomato Paste

On Friday, the Federal High Court in Abuja granted Chioma Okoli bail in the amount of N5 million with two sureties, also in the sum of N5 million, in connection…

August 14, 2025

Business

World Bank Approves $2.25bn Loan For Nigeria

Wale Edun, Nigeria’s minister of finance and coordinating minister of the economy announced Thursday night the approval of two major financial support packages by the World Bank. The loans…

August 14, 2025

Business

FG Withdraws Five Oil Blocks from 2024 Bid Round Over Legal Disputes

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn five oil blocks from the 2024 licensing round due to legal disputes. The affected blocks are PPL3008, PPL3009, PML51, PPL267,…

August 14, 2025

Business

JUST IN: NPC Proposes November for National Population

The National Population Commission (NPC) has announced its readiness to conduct the Nigerian Population and Housing Census, proposing November 2024 as the tentative date. This was disclosed by the NPC…

August 14, 2025

Business

Lafarge, Dangote Face Query to Justify Cement Price Hike

The House of Representatives has begun an investigation into the recent increase in cement prices, with a focus on major producers Dangote Cement Company and Lafarge Africa Plc.…

August 14, 2025

Business

Dangote Refinery’s Petrol: Marketers Say Only NNPC Can Buy at International Price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has declared that no oil marketer in Nigeria can buy petrol from the Dangote Petroleum Refinery at the international market rate, except…

August 14, 2025

Business

Binance Accuses Nigerian Officials of $150m Bribe Demand

Cryptocurrency company Binance has alleged that Nigerian government officials demanded a $150 million bribe in cryptocurrency to resolve criminal charges against the company. The accusation was made by Binance Chief…

August 14, 2025