Nigeria’s Petrol Prices Surge 87.10% in 2024

The National Bureau of Statistics (NBS) reports that the average price of petrol in Nigeria shot up from ₦648.93 per liter in November 2023 to ₦1,214.17 in November 2024. This is an 87.10% increase within a year, according to their latest Petrol Price Watch report from Abuja. From October to November 2024, the price rose […] More

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EFCC Plans to Charge Otudeko and Former First Bank MD with N12.3 Billion Fraud

Chief Oba Otudeko, the Chairman of Honeywell Group, and Stephen Olabisi Onasanya, the former Managing Director of First Bank of Nigeria, are scheduled to be arraigned on January 20 in the Federal High Court in Lagos. They face serious allegations involving a N12.3 billion fraud spanning transactions between 2013 and 2014. The Economic and Financial […] More

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