Abuja Business Reports Newspaper & Magazine

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Police Burst Abuja Hideous, Nab 85 Criminal Suspects

Amid the continued efforts to make Abuja safer, Police in the Nigeria’s Federal Capital Territory (FCT), have raided identified black spots and criminal hideouts in parts of the capital city, arresting at least 85 criminal suspects. The areas of the…

EFCC Football Team Lifts FCT FA Cup

The football team of the Economic and Financial Crimes Commission (EFCC) Federal Capital Territory (FCT), recently lifted the FCT F.A. Cup after defeating Sporting Supreme FC in a very scintillating performance which ended 4-3. The game which took place at…

Benue LG Polls: BSIEC Fixes Date, Takes Steps For Credible Election

Hope for a democratically elected local government leadership is high in Benue State with a date fixed by the electoral body, the Benue State Independent Electoral Commission (BSIEC), for elections into local government areas across the state. BSIEC fixed the…

Bobrisky Faces Six-count Charge Over Money Laundering, Naira Abuse

Popular Nigerian crossdresser, Idris Olanrewaju Okuneye, better known as Bobrisky, has arrived at the Federal High Court is to be arraigned on a six-charge in Lagos, Nigeria, over alleged money laundering, and naira abuse by the Economic and Financial Crimes…

Tinubu Signs Amended Students Loan Bill Into Law

President Bola Tinubu on Wednesday signed the National Students Loan Amendment bill into law as the new legislation repeals the previous Students Loans (Access to Higher Education) Act of 2023 and enacts the Student Loans (Access to Higher Education) Act…

Nigeria’s Electricity Regulator Hikes Tariff For Band A Consumers

The Nigerian Electricity Regulatory Commission (NERC) has approved about 300% increase in electricity rates for Band A category customers, leading to removal electricity subsidy for 15 percent of consumers.⁣ Band A are those who enjoy electricity supply for 20 hours…

Samsung Reiterates Commitment To Affordable 5G-enabled Technology

Samsung Nigeria, has reiterated its commitment to democratising 5G technology, making it accessible to a diverse range of consumers without compromising on performance, features, or design. This is even as the technology company has unveiled two new additions to its…

Fraudsters Clone Air Peace Website, Fleece Customers

Indigenous aviation company, Air Peace, on Tuesday, raised the alarm that some passengers intending to book United Kingdom (UK) flights on its portal were fleeced by fraudsters who cloned its official website. The alarm was coming a few days after…

CBN Clears Inherited $7 billion FX Backlog

The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. This move fulfils a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy….

TCN Restores National Grid After System Disturbance

The Transmission Company of Nigeria (TCN) has successfully restored the national grid following a system disturbance that occurred at 4:28 p.m. on Thursday, 28th March 2024, with full recovery achieved by 10:00 p.m. that same day, the General Manager, Public…