AfDB predicts energy, food price hikes in Nigeria, others
The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the costs of fertilizer, rising energy...
Nigeria sacrifices 431,557 apartments for N4tn petrol subsidy –Analysis
The N4tn earmarked by the Federal Government for petrol subsidy in 2022 can provide one-bedroom apartments for 431,557 Nigerian families,...
Discos reject 2,495.3MW in one week – Report
A total of 2,495.3 megawatts of electricity was not utilised nor distributed by power distribution companies in one week, despite...
Rethink Your Policy on Fuel Subsidy, World Bank Tells Nigeria
•Insists the rich benefit more from fuel subsidy than the poor •Says barriers distorting country’s trade flows The President of...
Transcorp power increases capacity to 590MWs, changes name
A subsidiary of Transnational Corporation PLC., Transcorp Power Limited is currently adding 590 megawatts (MWs) of electricity to the national...
Lagos begins upgrade of business suite to enhance e-governance
Lagos State Government (LASG) has reiterated the adoption of information and communication technologies (ICT) as a way of increasing efficiency....
Government to end N200b yearly electricity subsidy in December
•NERC admits insecurity, other challenges frustrating DisCos The Federal Government is looking at ending tariff shortfall, averaging N200 billion yearly,...
131,376 retirees withdraw N32bn, quit pension scheme
AT least 131,376 workers, who retired from active service, cannot be placed on monthly pensions, according to the National Pension...
Imported vehicles: CITN to engage Customs, others over 15% NAC levy
THE Chartered Institute of Taxation of Nigeria has said it is set to engage relevant government agencies over the introduction...
Domestic, int’l passengers rise by 44%, hit 15.23million
Nigerian Airports witnessed increased patronage between January and December 2021, as the number of air travellers rose to 15.23 million...
External reserves return to growth path, gain $243.83m
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. The...
Despite CBN’s clampdown, Nigerians traded N316.9bn bitcoin in 2021
NIGERIANS traded at least N316.9bn in bitcoin in 2021 despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in...
BoI, UNIDO partner on industrial energy efficiency to mitigate rising costs
The Bank of Industry (BOI) and the United Nations Industrial Development Organisation (UNIDO) have partnered to improve the nation’s industrial...
AfDB approves €10m investment funding for African tech start-ups
The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of €9.8 million to support...
IMF upgrades Nigeria’s growth projection to 3.4 per cent
• Says higher food prices hurting Africans’ purchasing power • Social, political turmoil weighing on West Africa’s economy The International Monetary...
Renewables Take Lion’s Share of Global Power Additions in 2021
Renewable energy continued to expand steadily and well above the long-term trend, with a share in total capacity expansion reaching...
Domestic borrowing threatens Nigeria’s economic stability, says IMF
The International Monetary Fund has warned that increasing levels of domestic government borrowing from banks in Nigeria and other emerging...
25% of 2022 capital expenditure may not be funded –Economists
ABOUT 25 per cent of the projected N4.5tn capital expenditure in the 2022 Appropriation Act may not be funded, going...
Fuel subsidy puts Nigerian economy at high risk –World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly...
Mastercard Foundation Partners Firm to Empower 4000 Female Farmers
The Mastercard Foundation has partnered with Value Seeds Limited to empower 4000 women in Nigeria through a two-year agricultural intervention known...
ABCON seeks end to multiple FX rates, decries rising public debt
The Association of Bureaux De Change Operators of Nigeria (ABCON) said the widening gap between the official and parallel foreign...
Cashew nuts, others’ exports hit N56bn in Q1 –Customs
The TinCan Island Command of the Nigeria Customs Service has said the total tonnage of goods exported from its command...
NCDMB unveils support for LPG small-scale entrepreneurs
THE Nigerian Content Development and Monitoring Board have unveiled a new window of opportunity for small-scale entrepreneurs in the gas...
Expert seeks decentralisation of TCN to attract investors
IN a bid to proffer a solution to the perennial collapse of the national grid, the co-founder of PUTTRU, Monica...
Experts lament impacts of inflation on construction industry
Key players in the construction industry under the aegis of the Federation of Construction Industry (FOCI), yesterday, lamented that the...
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