Nigeria witnessed another collapse of its national grid on Monday, leading to a crash in power generation from 4,032.8 megawatts around 1pm to 43.5MW at about 2pm the same day. Power generation figures obtained from the Transmission Company of Nigeria showed that electricity on the system moved up to 115.4MW around 3pm, before rising further…
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol, oil marketers stated on Sunday. It was also gathered that the sharp rise in crude oil price to about…
Mobile fraud, computer/web fraud, and Point of Sale fraud cases made Nigerian banks to record 24,232 fraud cases in the first six months of 2023, a report by FITC has disclosed. The report was titled, “Reports of Fraud and Forgeries in Nigerian Banks (Quarter 2, 2023.” This is as the total amount involved hit N12.33bn…
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