Business News

In a bid to address the recurrent collapse of Nigeria’s power grid, the Federal Government has deployed a new technology to detect and respond to sudden drops or dips in...

The Centre for the Promotion of Private Enterprise has said that the fluctuating exchange rate has adversely affected container traffic, causing a slowdown in momentum and tempo in the country’s...

The Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project is to be executed in May 2024, the Federal Government announced on...

Yesterday, the Naira dropped to N1,105 per dollar on the parallel market, down from N1,100 on Tuesday. However, the nugeria note appreciated to N1,072.74 per dollar on the Nigerian Foreign...

The Central Bank of Nigeria (CBN) has rolled out a new directive impacting all Deposit Money Banks (DMBs), slashing the loan-to-deposit ratio (LDR) to 50%. This notable policy shift, effective...

Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has responded to concerns regarding the dwindling external reserves, asserting that the decline is not a result of the...

Apparently worried by the country’s dwindling oil revenue, the Federal Government says it has concluded plans to take over all idle oil wells from operators holding on to them. The...

The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per cent. This revision was announced in the IMF’s World Economic...

Gabriel Ogbechie (rainoil), Chief Executive Offthe federal government now spends N600 billion every month on petrol subsidies. Speaking at the Stanbic IBTC Energy and Infrastructure Breakfast Session in Lagos, Ogbechie...

The Organised Private Sector in Nigeria (OPSN) has stated that the recent increase in energy tariffs may cause more than 65 percent of the country's firms to close, and has...