The commitment of the federal government to the expeditious completion of the Ajaokuta Steel Company is being fervently reiterated, heralding a transformative era for the domestic manufacturing landscape, particularly in ...
Despite increased earnings from the unification of foreign exchange rates to government coffers, six ministries, departments, and agencies have budgeted N244m to cover foreign exchange losses. This is according to ...
In the persistent struggle to secure enough gas for electricity generation, Nigeria finds itself grappling not only with a shortage but also with substantial revenue and power generation losses. Despite ...
On December 20, 2023, the forex turnover in Nigeria saw a decline of 21.45%, totaling $181.30 million, accompanied by a depreciation of the Nigerian naira against the dollar. The official ...
The Nigerian Communications Commission (NCC) has mandated telecom operators in Nigeria, such as MTN, Airtel, and Globacom, to initiate full network barring on all phone lines without linked National Identification ...
On Tuesday, December 19, 2023, the Nigerian naira demonstrated further strength against the US dollar, closing at N844.85/$1 at the official market. This marks a significant appreciation of 5.15%, as ...
1. US charges Nigerian businessman, firms with multimillion-dollar fraud The United States Securities and Exchange Commission has said Tingo Group Inc. lied about having $461.7m in its subsidiary Tingo Mobile’s ...
The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it ...
The queues for Premium Motor Spirit, popularly called petrol, increased in parts of Lagos, Ogun, Abuja, Niger, Nasarawa and few other states on Friday, as motorists besieged the stations that ...
Nigerians are finding it more difficult to feed themselves, as food inflation rose to 32.84 per cent in November. According to the National Bureau of Statistics’ Consumer Price Index: November ...
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