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CBN Reacts to Naira Devaluation
Business

Banks Commence N100 ATM Charges Today 

CBN has introduced new charges for Automated Teller Machine (ATM) transactions. The charges, which take effect on March 1, 2025, will see customers...

Why Telcos Must Hike Tariffs – Minister | Daily Report Nigeria
Business

Why Telcos Must Hike Tariffs – Minister

The Minister of Communication and Digital Economy, Dr. Bosun Tijani, has explained that the 50% tariff increase for telecom companies is necessary. Tijani...

Naira Depreciates Further Against Dollar at Black Market | Daily Report Nigeria
Business

Naira Depreciates Further Against Dollar at Black Market

The Naira has continued its depreciation against the dollar at the parallel foreign exchange market. According to a Bureau de Change operator, the...

FG, States Share N907bn June FAAC Revenue
Business

FAAC: FG, States, LGAs Share N1.703 Trillion January 2025 Revenue

FG, States, and Local Government Councils have shared a total of N1.703 trillion from the Federation Account revenue for January 2025. This figure...

FG to Review Electricity Tariffs for Band B, C Customers Amid Disparities | Daily Report Nigeria
Business

FG to Review Electricity Tariffs for Band B, C Customers Amid Disparities

The Federal Government has announced plans to review electricity tariffs for Band B and C customers. The Minister of Power, Adebayo Adelabu, described...

FG Calls for Cement Price Cut to N7,000 | Daily Report Nigeria
Business

FG Calls for Cement Price Cut to N7,000

The Federal Government has urged cement manufacturers to lower prices to N7,000, citing improved economic conditions. The Minister of Works, Sen. Engr. Nweze...

World Bank Approves Fresh $700m Loan for Nigeria
Business

World Bank Approves $2.2 Billion Loan for Nigeria in 2025

The World Bank has approved $2.2 billion in new loans for the Federal Government of Nigeria in 2025. The loans will be allocated...

Naira Records First Depreciation Against Dollar on Black Market | Daily Report Nigeria
Business

Naira Records First Depreciation Against Dollar on Black Market

The naira has recorded its first depreciation against the dollar on the black market since the start of the week. According to a...