Court Rules FCCPC Lacks Power to Regulate DStv, GOtv Prices Without Presidential Order
By IDNN Legal & Business DeskPublished: May 9, 2025 In a ruling that reaffirms Nigeria’s free market structure, the Federal High Court in Abuja on......
Markets
CBN Records ₦15.23 Trillion in Operating Income, Rebounds from 2023 Losses
CBN recovers strongly with ₦15.23 trillion operating income and ₦38.8 billion profit after tax in 2024, reversing a ₦1.15 trillion loss in 2023....
Banks’ Deposits with CBN Hit Record ₦17.83 Trillion in April 2025
CBN reports sharp rise in bank deposits to ₦17.83 trillion in April 2025, amid record SDF interest rates and liquidity caution across the sector....
Dangote Battles ‘Oil Mafia’ in $20bn Refinery War
“I have been fighting all my life, and I am 100 per cent sure I will win.” – Aliko Dangote Graphic Caption: Aliko Dangote addresses investors in Lagos amid rising pressure against his $20bn refinery project. Tags: Dangote, oil mafia, refinery sabotage, Lekki refinery, crude supply, IPMAN, PETROAN, Tinubu subsidy...
Rice Prices Drop to ₦58,000 in Nigeria Amid Benin Imports – S&P Global
Despite falling prices, demand remains subdued as buyers wait for market stabilization.” — S&P Global...
NDLEA Recovers ₦1 Billion Worth of Drugs in Lagos Hotel Raid, Seizes 2 Million Pills in Kano Operations
By IDNN News DeskPublished April 27, 2025 The National Drug Law Enforcement Agency (NDLEA) has made major breakthroughs in the war against drug trafficking, recovering......
IMF Predicts Nigeria’s Inflation to Spike to 37% in 2026, Slashes GDP Forecast Amid Oil Price Risks
Inflation rebasing, structural bottlenecks, and global oil shocks expected to derail Nigeria’s recovery—IMF warns in April 2025 Outlook. By IDNN Business Desk | April 23,......
Jurgen Klopp Real Madrid Rumours Denied by Agent:
“Jurgen is very happy with his new role with Red Bull. He adds incredible value with his experience, his human quality and his energy.” — Marc Kosicke, Jurgen Klopp’s Agent...
The Harvest of False Promises: Why Nigerians Keep Falling for Ponzi Schemes
From MMM to CBEX, the names change but the pain remains. Until Nigeria fixes the deeper economic rot, its citizens will continue to fall for digital fraud masked as opportunity. In a nation addicted to shortcuts, CBEX was the latest fix — and the latest fall....
CBEX:Crypto Ponzi Scheme Defrauds Nigerians of ₦1.3 Trillion
The CBEX Ponzi scheme has crashed, leaving Nigerian investors in tears as ₦1.3 trillion disappears from the crypto trading platform amid growing regulatory scrutiny....